Tomales Bay Capital

Tomales Bay Capital, L.P. is an investment management firm established in November 2015, registered with the SEC in October 2019. The firm specializes in providing advisory services on a discretionary basis to privately-offered pooled investment vehicles and co-investment vehicles. As of December 31, 2024, the firm manages approximately $2.96 billion in client assets. Clients are generally accredited investors, qualified purchasers, or qualified clients. Tomales Bay Capital charges management fees up to 2% of the fund's capital commitments, with certain fee reductions after an initial period. The firm may also receive carried interest distributions of up to 20% of net profits from investments. Investment strategies focus on global growth-stage technology companies, with a concentrated approach to building long-term positions. Clients are provided with audited financial statements annually and unaudited quarterly reports. The firm has a Code of Ethics in place, and employees may have personal investments in the funds. Tomales Bay Capital has discretion over managing client accounts and votes proxies in the best interests of the funds. The firm does not engage in trading transactions directly but seeks best execution when necessary. Tomales Bay Capital has custody of client assets and undergoes annual audits. The firm does not solicit pre-payment of fees exceeding $1,200 or have financial conditions impacting client commitments. Tomales Bay Capital has not been subject to a bankruptcy petition in the past ten years.