Overview
Our firm is a Limited Liability Company formed in the State of California and established in 2022. Greg
Hitchan and Don Garman are owners of TVV Advisers, LLC (“TVV,” “we,” “us,” or “our”).
Advisory Services
TVV provides investment advisory services to privately offered pooled investment vehicles (the “Funds”)
that rely on an exemption found in Rule 506 of Regulation D under the Securities Act from having to
register their securities and an exclusion found in Section 3(c)(1) or 3(c)(7) of the Investment Company
Act of 1940, as amended (the “Investment Company Act”) from having to register the Funds as
investment companies. For purposes of this disclosure brochure, the Funds are also referred to herein
as the “clients” of TVV. The Funds currently include Tri Valley Ventures I, L.P. and Tri Valley Ventures II,
L.P. TVV GP, LLC and TVV GP II, LLC, respectively, serve as the General Partner for Tri Valley Ventures I,
L.P. and Tri Valley Ventures II, L.P. While TVV has the authority to make investment recommendations
to the Funds, it does not possess the authority to select investment opportunities or to make investment-
related decisions on behalf of the Funds.
Investors in the Funds must be accredited investors, as defined in Rule 501(a) under the Securities Act
of 1933 and may be required to meet other eligibility standards.
The Funds were organized to acquire, hold, and dispose of equity securities issued primarily by early-
stage technology companies with some nexus to the Tri-Valley area in northern California. Investment
strategies for each Fund may differ depending on the mandate and anticipated investments for each
Fund. Investments are not customized for the investment objectives or needs of individual Fund
investors, and individual Fund investors will not have authority to manage the affairs or investments of
any Fund.
Information pertaining to each Fund can be found in the Limited Partnership Agreement, Subscription
Documents, or similar documents for each Fund (collectively, the “Offering Documents”). Investing in any
of the Funds involves significant risks, including the potential loss of all amounts invested.
Regulatory Assets Under Management
As of December 31, 2023, TVV had $43,401,298 in assets under management. TVV does not offer wrap
fee programs or manage separate accounts.