Tcv

TCMI, Inc. (d/b/a TCV) provides discretionary investment supervisory services to pooled investment vehicles and other fund structures, managing approximately $22.5 billion as of December 31, 2025. The Adviser focuses on long‑term private equity and growth equity investments, principally in technology sectors such as Internet, software, enterprise IT and services, and does not provide individualized investment advice to the Funds’ investors.

TCV describes a thematic, sector‑specialized growth equity approach that emphasizes multi‑year relationship cultivation, sub‑sector mapping, intensive due diligence and active minority positions supported by an in‑house portfolio operations team and Operating Partners. The brochure also explains that the Adviser uses co‑investment vehicles and side letters, pursues earlier‑stage expansion strategies in selected cases, and typically takes an active board role to pursue value‑creation initiatives.

The brochure highlights a few features that are uncommon among institutional investment managers: it discusses potential registration and compliance considerations under the Commodity Exchange Act (including CFTC/CPO considerations) and notes affiliations or activities related to commodity trading, and it references the use of third‑party ratings in its materials. The disclosure also contains unusually detailed discussion of “Other Fees” (transaction, monitoring and director fees), fee offset and allocation mechanics and related conflicts of interest, which may be more extensively documented than in many peers’ brochures.