TGC, a Delaware limited liability company, is an investment adviser located in Westport,
Connecticut. TGC was formed in 2011. TGC lists its principal owners as any person directly owning
25% or more of TGC as disclosed on Schedule A of Form ADV, Part 1A. TGC’s principal owners are
Panagiotis Ninios and Bruce Wiegand.
TGC provides investment advisory services to pooled investment vehicles. Currently, the Firm
provides investment advisory services to seven (7) pooled investment vehicles: True Green Capital
Opportunity Partnership, L.P. (“TGCOP”); True Green Capital Fund III, L.P. and its feeder fund, True
Green Capital Leveraged Feeder Fund III, L.P. (together, “Fund III”); True Green Capital Fund IV,
L.P. and its two feeder funds, True Green Capital Leveraged Feeder Fund IV, L.P. and True Green
Capital Feeder Fund IV, L.P. (collectively, “Fund IV”); and True Green Capital Parallel Fund IV, L.P.
(“Fund IV – Parallel”). Unless otherwise noted herein in this Form ADV, Part 2A, each a “Client,”
and collectively together with the feeder funds, the “Clients.” The Clients are structured as
Delaware limited partnerships and are exempt from registration under the Investment Company
Act of 1940, as amended (the “Investment Company Act”). The general partner of each Client is
an affiliate of TGC.
TGC provides discretionary and non-discretionary investment advisory services to the Clients. The
Firm focuses on investments
in distributed power generation in commercial and industrial
photovoltaic (“PV”) solar projects and related technologies.
Investment advisory services are tailored and provided directly to the Clients and not to the needs
of individual investors in the Clients. TGC manages the Clients in accordance with the investment
objectives and limitations set forth in each Client’s offering memoranda, governing documents,
subscription agreements, side letters, and any investment management agreement between TGC
and the Client, as applicable (collectively, the “Governing Documents”). TGC’s advisory services
for each Client are detailed in the Client’s Governing Documents and are further described below
under “Item 8. Methods of Analysis, Investment Strategies and Risk of Loss.”
TGC has and could in the future enter into agreements, commonly known as “side letters,” with
certain investors under which TGC waives or modifies certain investment terms for those
investors, without obtaining the consent of any other investor in the Clients.
TGC does not participate in wrap fee programs.
As of December 31, 2022, the Firm had approximately $993,615,000 in discretionary assets under
management and $21,700,000 in non-discretionary assets under management, a portion of which
are non-securities investments and as such are not included in the Firm’s calculation of its
regulatory assets under management in Form ADV, Part 1A.