Tomales Bay Capital
Location not listed · CRD 298932
Private equity manager
Tomales Bay Capital is an SEC-registered investment adviser that reports managing 43 private funds on Form ADV, including 38 private equity funds and 5 venture capital funds. It reports $5.1 billion in regulatory assets under management. Its private funds hold $6.2 billion in gross assets.
- Regulatory assets under management
- $5.1 billionForm ADV Item 5.F
- Gross assets of private funds
- $6.2 billionAll private fund types, Form ADV
- Private funds managed
- 43PE 38 · VC 5 · hedge 0
- Employees
- 3Form ADV Item 5.A
- Registration
- SEC-registered adviserCRD 298932
- Latest Form ADV
- 03/31/2026Disciplinary disclosures: none reported
Private equity funds filing Form D (5)
Fund
First sale
Raised
Investors
Minimum
Offering
Tomales Bay Capital AGI Fund IA, L.P.
Miami, FL
First sale—
Raised$0
Investors0
MinimumNone set
Offering506(b)
Tomales Bay Capital AGI Fund ID, L.P.
Miami, FL
First sale—
Raised$0
Investors0
MinimumNone set
Offering506(b)
Tomales Bay Capital AGI Fund IB, L.P.
Miami, FL
First sale—
Raised$0
Investors0
MinimumNone set
Offering506(b)
Tomales Bay Capital AGI Fund IC, L.P.
Miami, FL
First sale—
Raised$0
Investors0
MinimumNone set
Offering506(b)
Tomales Bay Capital GGF ZHR XIII, L.P.
Dallas, TX
First sale—
Raised$0
Investors0
MinimumNone set
Offering506(b)
Matched to this firm by the fund names and related persons in each Form D. The list may be incomplete.
Private funds reported on Form ADV (32)
Fund
Gross assets
Minimum
Owners
Adviser
ISK Dragon Investments, LLC
Delaware, United StatesPrivate equity fund
Gross assets$423M
Minimum$24K
Owners2
AdviserTomales Bay Capital
TBC Dragon Investments, LLC
Delaware, United StatesPrivate equity fund
Gross assets$300M
Minimum$50K
Owners11
AdviserTomales Bay Capital
Tomales Bay Capital Anduril II, L.P.
Delaware, United StatesPrivate equity fund
Gross assets$295M
Minimum$50K
Owners38
AdviserTomales Bay Capital
Tomales Bay Capital Anduril III, L.P.
Delaware, United StatesPrivate equity fund
Gross assets$232M
Minimum$500K
Owners16
AdviserTomales Bay Capital
TBC Castle Global, LLC
Delaware, United StatesVenture capital fund
Gross assets$225M
Minimum$10K
Owners27
AdviserTomales Bay Capital
Tomales Bay Capital Global Growth Fund I, L.P.
Delaware, United StatesPrivate equity fund
Gross assets$112M
Minimum$250K
Owners22
AdviserTomales Bay Capital
TBC Dragon Investments III, LLC
Delaware, United StatesPrivate equity fund
Gross assets$75.7M
Minimum$40K
Owners25
AdviserTomales Bay Capital
TBC Dragon Investments II, LLC
Delaware, United StatesPrivate equity fund
Gross assets$74.5M
Minimum$25K
Owners27
AdviserTomales Bay Capital
TBC Dragon Investments V, LLC
Delaware, United StatesPrivate equity fund
Gross assets$61.3M
MinimumNone set
Owners7
AdviserTomales Bay Capital
ISK Cricket Investments, LLC
Delaware, United StatesVenture capital fund
Gross assets$47.9M
Minimum$250K
Owners4
AdviserTomales Bay Capital
Tomales Bay Capital Ggf Zhr I, L.P.
Delaware, United StatesPrivate equity fund
Gross assets$47.8M
MinimumNone set
Owners4
AdviserTomales Bay Capital
Tomales Bay Capital Anduril I, L.P.
Delaware, United StatesPrivate equity fund
Gross assets$37.2M
Minimum$500K
Owners34
AdviserTomales Bay Capital
Tomales Bay Capital Bluebird Alpha I, L.P.
Delaware, United StatesPrivate equity fund
Gross assets$35.2M
MinimumNone set
Owners7
AdviserTomales Bay Capital
TBC Castle Global II, LLC
Delaware, United StatesVenture capital fund
Gross assets$33.5M
Minimum$50K
Owners12
AdviserTomales Bay Capital
TBC Dragon Investments XI, L.P.
Delaware, United StatesPrivate equity fund
Gross assets$31.7M
MinimumNone set
Owners2
AdviserTomales Bay Capital
TBC Dragon Investments IV, LLC
Delaware, United StatesPrivate equity fund
Gross assets$30.2M
Minimum$50K
Owners17
AdviserTomales Bay Capital
TBC Bracket Dragon Investments I, LLC
Delaware, United StatesPrivate equity fund
Gross assets$30.1M
MinimumNone set
Owners2
AdviserTomales Bay Capital
TBC Dragon Investments VIII, L.P.
Delaware, United StatesPrivate equity fund
Gross assets$28.1M
MinimumNone set
Owners2
AdviserTomales Bay Capital
Tomales Bay Capital Ggf Zhr IV, L.P.
Delaware, United StatesPrivate equity fund
Gross assets$23.3M
MinimumNone set
Owners3
AdviserTomales Bay Capital
Tomales Bay Capital Anduril II Annex, L.P.
Delaware, United StatesPrivate equity fund
Gross assets$22.1M
MinimumNone set
Owners4
AdviserTomales Bay Capital
Tomales Bay Capital Ggf Zhr VII, L.P.
Delaware, United StatesPrivate equity fund
Gross assets$22.1M
MinimumNone set
Owners3
AdviserTomales Bay Capital
TBC Dragon Investments IX, L.P.
Delaware, United StatesPrivate equity fund
Gross assets$21.2M
MinimumNone set
Owners6
AdviserTomales Bay Capital
Tomales Bay Capital Smile Ggf Zhr
Delaware, United StatesPrivate equity fund
Gross assets$18.9M
MinimumNone set
Owners5
AdviserTomales Bay Capital
TBC Dragon Investments X, L.P.
Delaware, United StatesPrivate equity fund
Gross assets$16.0M
MinimumNone set
Owners4
AdviserTomales Bay Capital
Tomales Bay Capital Ggf Zhr VIII, L.P.
Delaware, United StatesPrivate equity fund
Gross assets$13.9M
MinimumNone set
Owners4
AdviserTomales Bay Capital
TBC Dragon Investments VII, L.P.
Delaware, United StatesPrivate equity fund
Gross assets$12.6M
MinimumNone set
Owners2
AdviserTomales Bay Capital
TBC Castle Global III, L.P.
Delaware, United StatesPrivate equity fund
Gross assets$10.4M
MinimumNone set
Owners3
AdviserTomales Bay Capital
Tomales Bay Capital Ggf Zhr VI, L.P.
Delaware, United StatesPrivate equity fund
Gross assets$10.4M
MinimumNone set
Owners4
AdviserTomales Bay Capital
Tomales Bay Capital Ggf Zhr II, L.P.
Delaware, United StatesPrivate equity fund
Gross assets$7.2M
MinimumNone set
Owners4
AdviserTomales Bay Capital
Tomales Bay Capital Ggf Zhr III, L.P.
Delaware, United StatesPrivate equity fund
Gross assets$6.1M
MinimumNone set
Owners3
AdviserTomales Bay Capital
Tomales Bay Capital Ggf Zhr IX, L.P.
Delaware, United StatesPrivate equity fund
Gross assets$6.0M
MinimumNone set
Owners3
AdviserTomales Bay Capital
ISK Awesome Investments, LLC
Delaware, United StatesVenture capital fund
Gross assets$769K
MinimumNone set
Owners2
AdviserTomales Bay Capital
As reported in the adviser's Form ADV filed Nov 11, 2024. Funds also listed from Form D are shown above.
Fund vehicles: feeder funds and single-deal vehicles (7)
Fund
Gross assets
Minimum
Owners
Adviser
TBC Ellipsis Opportunities, LLC - Series 5
Delaware, United StatesPrivate equity fund
Gross assets$101M
Minimum$50K
Owners53
AdviserTomales Bay Capital
TBC Ellipsis Opportunities, LLC - Series 6
Delaware, United StatesPrivate equity fund
Gross assets$92.9M
MinimumNone set
Owners3
AdviserTomales Bay Capital
TBC Ellipsis Opportunities, LLC - Series 4
Delaware, United StatesPrivate equity fund
Gross assets$40.1M
MinimumNone set
Owners2
AdviserTomales Bay Capital
TBC Ellipsis Opportunities, LLC - Sx II
Delaware, United StatesPrivate equity fund
Gross assets$32.2M
MinimumNone set
Owners3
AdviserTomales Bay Capital
TBC Ellipsis Opportunities, LLC - Sx I
Delaware, United StatesPrivate equity fund
Gross assets$20.2M
Minimum$50K
Owners2
AdviserTomales Bay Capital
TBC Anduril Coinvest II, LP
Delaware, United StatesVenture capital fund
Gross assets$3.8M
Minimum$20K
Owners2
AdviserTomales Bay Capital
TBC Anduril Coinvest I, LP
Delaware, United StatesVenture capital fund
Gross assets$2.4M
Minimum$20K
Owners9
AdviserTomales Bay Capital
Feeder funds invest through a master fund; single-deal vehicles (SPVs, co-investments, series) hold one investment.
From SEC filings. Firm data comes from the SEC's Form ADV data. AltMountain has not verified this information, and it is not an offer, solicitation or recommendation. Full disclosures