Overview
ADVISORY BUSINESS
A. TCG Crossover Management, LLC (“TCGX” or the “Firm”), a Delaware limited liability
company, is an investment adviser located in Palo Alto, CA. Chen Yu is TCGX’s principal
owner.
B. As an investment adviser, TCGX provides investment advisory services to pooled
investment vehicles (each a “Fund” or collectively, the “Funds”). The Funds are exempt
from registration under the Investment Company Act of 1940, as amended (the “Investment
Company Act”), pursuant to Sections 3(c)(7) of the Investment Company Act. TCGX
manages the assets of the Funds in accordance with the term sheets and other related
agreements (herein, the “Offering Documents”).
The Firm’s investment objective is to make investments in companies developing
therapeutic drug products and invests
in both private and public assets. Information about
TCGX’s advisory services is included in this Brochure and is qualified in its entirety by
information contained in the Offering Documents.
C. TCGX does not tailor its advisory services to the individual or particular needs of investors
in the Funds. Such investors will accept the terms of advisory services as set forth in the
Offering Documents. The Firm has broad investment authority with respect to the Funds
and, as such, investors should consider whether the investment objectives of the Funds will
be in line with their respective individual objectives and risk tolerance prior to investment.
D. TCGX does not participate in wrap fee programs.
E. As of December 31, 2023, TCGX has $2,196,110,899 in regulatory assets under
management on a discretionary basis.