United States · Investor

TCG

Last cheque observed Sep 2026; 109 cheques on record.

Deploying nowNew fund $643M, Jan 2024Private equityWebsite unconfirmed

GrowthSportsMediaContent

Deploying now
82%of best year31cheques in 12 months, 109 on record
Since the last cheque60days00hrs00min00sec
Median round$75MCheque size, as they say$10M – $100MRounds led1 of 109Sole investor8 roundsExits1 from the portfolioMostly inUnited States, 87%
Pitch TCG

TCG highlights

  1. 01

    31 cheques in the last 12 months

  2. 02

    Mostly Seed and Series A: 48% of its rounds

  3. 03

    Sole investor in 8 rounds, median $39M

  4. 04

    1 exits from the portfolio

What they do

Type
Private equity (from a list, unverified)
Cheque size
$10M – $100M as they say
Stages
Growth
Sectors
SportsMediaContent
Based in
Los Angeles, United States
Cold pitches
Not stated

A website was listed for this organisation, but we could not confirm it belongs to the firm that wrote these cheques. Either the site never mentions them, or it turned out to be a different company sharing the name. We show neither it nor anything read from it. Tell us the right one.

The record

Every round we can evidence, newest first109 appearances

  1. 2026

    26 rounds

  2. Sept
    AN2 TherapeuticsGrant · US$40MWith 4 others
  3. Sept
    Tyra BiosciencesUS$400MWith 5 others
  4. Aug
    Vaderis TherapeuticsSeries B · CH · Firms' own news pages$152MWith 8 others
  5. Jul
    LB PharmaceuticalsUS$150MWith 2 others
  6. Jul
    JiaDebt · US$2.0MWith 3 others
  7. Jun
    Ollin BiosciencesSeries B · US$330MWith 4 others
  8. Jun
    Premier Lacrosse LeagueSeries E · US$100MWith 2 others
  9. Jun
    Mineralys TherapeuticsDebt · US$500MWith 5 others
  10. May
    Avalo TherapeuticsUS$431MWith 3 others
  11. May
    AbivaxFR$45MWith 4 others
  12. May
    Mirum PharmaceuticalsDebt · US$600MWith 3 others
  13. Apr
    AdcendoSeries C · DK · Ventureburn$75MWith 9 others
  14. Apr
    Maze TherapeuticsUS$150MWith 5 others
  15. Apr
    Real Sports AppVenture · US$12MWith 1 other
  16. Apr
    ValnevaFR$43MWith 4 others
  17. Mar
    InhibrxDebt · US$75MWith 4 others
  18. Mar
    Vor BiopharmaUS$75MWith 2 others
  19. Feb
    LB PharmaceuticalsUS$100MWith 1 other
  20. Feb
    Perspective TherapeuticsUS$175MWith 2 others
  21. Feb
    NightGrowth · US · Firms' own news pages$70MWith 5 others
  22. Feb
    Immunic TherapeuticsUS$400MWith 5 others
  23. Jan
    CORXEL PharmaceuticalsSeries D$287MWith 5 others
  24. Jan
    Century TherapeuticsUS$135MWith 7 others
  25. Jan
    Beacon TherapeuticsSeries C · US$75MWith 4 others
  26. Jan
    Mirador TherapeuticsSeries B · US$250MWith 6 others
  27. Jan
    DaveVenture · USUndisclosedWith 5 others
  28. 2025

    24 rounds

  29. Dec
    Athira PharmaUS$90MWith 4 others
  30. Dec
    Structure TherapeuticsUS$748MWith 6 others
  31. Dec
    ImmunovantUS$550MWith 1 other
  32. Dec
    Mirum PharmaceuticalsUS$69MWith 3 others
  33. Nov
    Cogent BiosciencesDebt · US$200MWith 6 others
  34. Oct
    Cidara TherapeuticsGrant · US$339MWith 5 others
  35. Oct
    Rapt TherapeuticsUS$250MWith 6 others
  36. Oct
    Affinia TherapeuticsSeries C · US$40MWith 5 others
  37. Oct
    ADC TherapeuticsCH$60MWith 3 others
  38. Oct
    Disc MedicineUS$225MWith 5 others
  39. Sept
    Maze TherapeuticsUS$150MWith 4 others
  40. Sept
    Mineralys TherapeuticsUS$288MWith 5 others
  41. Sept
    Korsana BiosciencesSeries A · US$150MWith 5 others
  42. Aug
    PlexiumSeries C · US$60MWith 7 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

The team

Named by the firm itself, on a filing, its Form ADV or its company registration12 named

ADAdam DiMartinoManager of TCG Fund I GP, LLC, General PartneriFiling they signed
JBJason BergsmanExecutive OfficeriFiling they signed
JAJesse Arlo JacobsExecutive Officer, DirectoriFiling they signed
LRLauren Ray GoldbergGeneral Counsel & Chief Compliance OfficeriForm ADV
MSMaarten SchipperManager of TCG Fund I GP, LLC, General PartneriFiling they signed
MDMarco DeMeirelesExecutive OfficeriFiling they signed
MSMark Samir KamalChief Financial OfficeriForm ADV
MVMenno van LacumManager of TCG Fund I GP, LLC, General PartneriFiling they signed
MJMike John KernsExecutive Officer, DirectoriFiling they signed
MAMilt AndersonManager of TCG Fund I GP, LLC, General PartneriFiling they signed
PAPeter Allan CherninExecutive Officer, DirectoriFiling they signed
RRRoland RutgersManager of TCG Fund I GP, LLC, General PartneriFiling they signed

We also hold 36 people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

What the register says

From the firm's own filings with the SEC, which it must file accurately by law

$2.6Bassets it managesOct 2026
Registeredinvestment adviserfull reporting to the SEC
Legal name
TCG Capital Management, LP
SEC number
CRD 298007

Funds on its Form ADV

13 private funds, $2.4B in gross assets · filed Mar 2024

  1. TCG 3.0-A, L.P.Private equity254 investors$634M
  2. TCG 3.0-B, L.P.Private equity68 investors$598M
  3. TCG 2.0-A, L.P.Private equity77 investors$573M
  4. TCG 2.0-B, L.P.Private equity5 investors$323M
  5. TCG Crypto-A, L.P.Private equity61 investors$91M
  6. TCG 3.0 Lovevery, L.P.Private equity3 investors$75M
  7. TCG 3.0 FUJI Co-Invest, L.P.Private equity6 investors$48M
  8. TCG 3.0 Co-Invest, L.P.Private equity1 investor$20M
  9. TCG Crypto-B, L.P.Private equity20 investors$8.9M
  10. TCG 2.0 EIV Meateater, LLCPrivate equity7 investors$530K

And 3 more on the filing.

What they claim to have backed

From their own portfolio page (on their website)

34 of 60 we have independently watched raise

Action Network exitedAudiochuckBaobab StudiosBarstool Sports exitedBrilliantDadiDapper Labs ExitedDrivetimeEmbraceEpic GardeningEverlywellExploding Kittens ExitedFlipboardFlipside CryptoHomeis exitedHookedLoveveryNext HealthOpenSeaOuraPapaParsley HealthPremier Lacrosse LeagueScopely exitedShinestyShopShops ExitedSketchySofar SoundsStadium Goods exitedStogglesThe SillVuoriWthnZolaBallerTVBase79 exitedBetter Place Forests exitedBiggerPocketsBloomlifeBratBuffy exitedCameoCars & BidsClassic Football ShirtsCollectorsCrunchyroll exitedDave exitedDoppler Labs ExitedDraft exitedEntangled PublishingEquipFood52 ExitedFoundFullscreen exitedFunkoGoalhangerGoldinGoldin Auctions exitedHeadspace HealthHello Sunshine exitedand 28 more

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

Exits from the portfolio

Companies it backed that were later bought or listed1 in all

FullscreenBought by Otter MediaUndisclosedSept 2014

An exit counts when it came after the firm's first round in the company. From historical deal records.

Who they invest alongside

The investors most often in the same rounds as TCG. A count of rooms they were both in, not a relationship either has claimed.

Recently backed

The latest companies TCG put money into.

Quick answers about TCG

What does TCG invest in?

TCG invests most often at Seed and Series A (48% of the rounds on record), in sectors such as Sports, Media and Content.

How active is TCG?

109 investments on record, 31 of them in the last 12 months, and it led 1. The most recent was in Sept 2026.

What has TCG invested in recently?

Its most recent investments on record: AN2 Therapeutics (Grant, Sept 2026), Tyra Biosciences (Undisclosed round, Sept 2026) and Vaderis Therapeutics (Series B, Aug 2026).

How big are TCG's cheques?

The median round it joins is $75M. It says it writes cheques of $10M to $100M.

Does TCG lead rounds?

Sometimes: it led 1 of its 109 investments on record (1%).

Where does TCG invest?

Most of the companies it backs are in the United States (87%), Switzerland (5%) and France (5%).

Is TCG investing now?

Yes: it is actively investing, with 31 investments in the last 12 months.

Who does TCG invest alongside?

Most often TCG Crossover (56 rounds together), RA Capital Management (20 rounds together) and Janus Henderson Investors (14 rounds together).

Raising now?

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Built from the rounds we watched, its filings and its own website, refreshed every night. How we count · Report a correction · Is this your firm? Claim it