TCG Labs
TCG Labs Management, LP
San Francisco, CA tcglsoleil.com Exempt reporting adviser
TCG Labs reports 2 venture funds on Form ADV among 2 private funds, with $846M in gross private fund assets.
Updates from TCG Labs
Funds on Form D
Venture funds whose Form D filings carry this adviser’s name, matched by name. Amounts are what each fund last reported to the SEC.
| Fund | Began raising | Target | Raised | Investors | Latest filing |
|---|---|---|---|---|---|
| TCG Crossover Fund III, L.P. | 2025 | $1.2B | — | — | June 26, 2025 |
| TCG Labs Opportunity I, LP | 2024 | $404M | — | — | December 19, 2024 |
| TCG Crossover Fund II, L.P. | 2023 | $900M | — | — | April 6, 2023 |
| TCG Labs Fund I, LP | 2023 | $400M | — | — | September 28, 2023 |
| TCG Crossover Fund I, L.P. | 2021 | $800M | $800M | 79 | April 14, 2021 |
Track record
A score of 62 out of 100 from 3 of the 5 funds public LPs report, 2 of them in the top half of their vintage. Its ranked funds’ median TVPI is 2.04x and median DPI 1.02x. Pooled where reports give cash flows: 2.69x TVPI, 1.02x DPI. That ranks it 31st of 123 managers with a score.
Each fund once, as the latest of 2 LPs’ reports ranks it by TVPI against funds of the same vintage in those reports; 50 is the median fund, and a short record is pulled toward 50. The full record in LP Intelligence, with each fund’s rank and what usually follows a fund like its latest, or every manager’s.
LPs on the record
4 private foundations list on their latest IRS Form 990-PF, and 3 other LPs report holding TCG Labs’s funds.
- New Mexico State Investment Council
- Great American Insurance Company
- The Stephen & Renee Bisciotti Foundation
4 more LPs are in the app. Find LPs that back firms like this one in Hottub’s LP Intelligence: ranked by overlap, with what each holds and how to reach it.
Firms whose LPs overlap
The firms sharing the most LPs on record with TCG Labs, relative to how many LPs each has. A peer set like this is what Find LPs ranks LPs from.
Find LPs for TCG Labs and these firms: Hottub ranks the LPs that hold their funds, the ones still adding funds first.
Registration
- Legal name
- TCG Labs Management, LP
- Status
- Exempt reporting adviser since November 20, 2023
- CRD number
- 329246
Full Form ADV on the SEC’s Investment Adviser Public Disclosure site
About this data
Registered and exempt reporting advisers that report managing at least one venture capital fund on Form ADV, with the number of private funds and their gross assets as each adviser reports them. Advisers whose business name reads as an individual's are left out. From the roster published for September 2026. Source. Benchmarks for funds like these are in Raise benchmarks.