9AT: TRUE WIND CAPITAL MANAGEMENT, L.P.

other names

Adviser Profile

As of Date	03/27/2024
Adviser Type - Large advisory firm
Number of Employees	23
of those in investment advisory functions	15 -6.25%
Registration	SEC, Approved, 04/04/2016
Other registrations (1)	SEC, ERA - Withdrawn, 03/28/2016

AUM^*	1,844,004,991 -4.21%
of that, discretionary	1,844,004,991 -4.21%
Private Fund GAV^*	1,844,004,991
Avg Account Size	167,636,817 -12.92%
SMA’s	No
Private Funds	11 1
Contact Info	415 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Fund Type	Count	GAV
Fund TypePrivate Equity Fund	Count11	GAV$1,844,004,991

Adviser	Hedge Fund	Liquidity Fund	Private Equity Fund	Real Estate Fund	Securitized Asset Fund	Venture Capital Fund	Other Fund	Total Private Fund GAV	AUM	#Funds
Adviser TRITIUM PARTNERS	Hedge Fund-	Liquidity Fund-	Private Equity Fund1.7b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.7b	AUM1.7b	#Funds10
Adviser BLUE POINT CAPITAL PARTNERS LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund2.0b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV2.0b	AUM2.0b	#Funds13
Adviser GLOUSTON CAPITAL PARTNERS, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund1.9b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.9b	AUM1.9b	#Funds17
Adviser DFW CAPITAL PARTNERS	Hedge Fund-	Liquidity Fund-	Private Equity Fund2.1b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV2.1b	AUM2.1b	#Funds5
Adviser MASON WELLS, INC.	Hedge Fund-	Liquidity Fund-	Private Equity Fund2.1b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV2.1b	AUM2.1b	#Funds6
Adviser INSIGNEO ADVISORY SERVICES, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund18.8m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV18.8m	AUM3.1b	#Funds1
Adviser EIV CAPITAL, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund2.4b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV2.4b	AUM2.4b	#Funds10
Adviser OCEAN AVENUE CAPITAL PARTNERS, L.P.	Hedge Fund-	Liquidity Fund-	Private Equity Fund2.3b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV2.3b	AUM1.9b	#Funds18
Adviser DUNES POINT CAPITAL, L.P.	Hedge Fund-	Liquidity Fund-	Private Equity Fund1.5b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.5b	AUM2.0b	#Funds7
Adviser WHITE DEER	Hedge Fund-	Liquidity Fund-	Private Equity Fund1.3b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.3b	AUM1.3b	#Funds11

Brochure Summary

Overview

A. True Wind is a private investment firm that focuses primarily on private equity investments in lower middle-market companies within the global information technology and technology-enabled industries (collectively, the “Technology Industry”). The Firm was established in 2014 and operates from its sole office in San Francisco, California. True Wind serves as an investment adviser to certain pooled investment vehicles (the “Funds” or “Clients”) that are exempt from registration under the Investment Company Act of 1940, as amended (the “Investment Company Act”), and whose securities are not registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”). Certain of the Funds are Continuation Vehicles and Rollover Vehicles (each as defined below) formed in connection with Continuation Transactions (as defined below). The Firm’s principal owners are Adam H. Clammer and James H. Greene, Jr. (the “Founders”). B. True Wind provides investment advisory services solely to the Funds with respect to the identification, acquisition, management and disposition of primarily, lower middle-market enterprise technology companies pursuant to management agreements between True Wind and the Funds. The Funds previously formed special purpose acquisition companies (“SPACs”), which are publicly traded

“blind pool” entities that raise pools of capital from public investors and look to deploy that capital to acquire all or part of a private (or potentially public) company. In 2023, True Wind dissolved its last SPAC and is no longer pursuing any SPAC activities or investments. C. The Firm generally provides discretionary investment advisory services to the Funds. Each Fund has a specific investment focus. The offering materials and governing documents of each Fund set forth these specific guidelines and restrictions, which include, among other things, limits on the size, concentration, geography, and type of security of such Fund’s underlying portfolio investments. Investors in the Funds (the “Investors” or “Limited Partners”) do not have the ability to impose specific investment objectives or restrictions on the Funds. The Firm is affiliated with entities that serve as the general partners of the Funds (the “GP Entities”), and each of the Funds is controlled by its respective GP Entity. D. The Firm does not participate in wrap fee programs. E. As of December 31, 2023, True Wind managed $1,844,004,991 in regulatory assets under management on a discretionary basis1 and $0 on a non-discretionary basis.

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TRUE WIND CAPITAL MANAGEMENT, L.P.

Adviser Profile

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Brochure Summary

Overview