Notice2025-22852

True Venture Management, L.L.C.

Primary source

Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.

Published
December 16, 2025

Issuing agencies

Securities and Exchange Commission

Full Text

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<title>Federal Register, Volume 90 Issue 239 (Tuesday, December 16, 2025)</title>
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[Federal Register Volume 90, Number 239 (Tuesday, December 16, 2025)]
[Notices]
[Page 58344]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-22852]


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SECURITIES AND EXCHANGE COMMISSION

[Investment Advisers Act Release No. 6932; File No. 803-00283]


True Venture Management, L.L.C.

December 11, 2025.
AGENCY: Securities and Exchange Commission (``Commission'').

ACTION: Notice.

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    Notice of application for an exemptive order under Section 206A of 
the Investment Advisers Act of 1940 (the ``Act'') and rule 206(4)-5 
under the Act.

Applicant: True Venture Management, L.L.C.

Summary of Application: The Applicant requests that the Commission 
issue an order under Section 206A of the Act and rule 206(4)-5(e) under 
the Act exempting it from rule 206(4)-5(a)(1) under the Act to permit 
the Applicant to receive compensation from a government entity for 
investment advisory services provided to the government entity within 
the two-year period following a contribution by a covered associate of 
the Applicant to an official of the government entity.

Filing Dates: The application was filed on July 7, 2025, and amended on 
August 8, 2025.

Hearing or Notification of Hearing: An order granting the requested 
relief will be issued unless the Commission orders a hearing. 
Interested persons may request a hearing on any application by emailing 
the SEC's Secretary at <a href="/cdn-cgi/l/email-protection#5a093f39283f2e3b28232977153c3c33393f1a293f39743d352c"><span class="__cf_email__" data-cfemail="4e1d2b2d3c2b3a2f3c373d63012828272d2b0e3d2b2d60292138">[email&#160;protected]</span></a> and serving the 
Applicant with a copy of the request by email, if an email address is 
listed for the Applicant below, or personally or by mail, if a physical 
address is listed for the Applicant below. Hearing requests should be 
received by the Commission by 5:30 p.m. on January 5, 2026, and should 
be accompanied by proof of service on the Applicant in the form of an 
affidavit or, for lawyers, a certificate of service. Pursuant to rule 
0-5 under the Act, hearing requests should state the nature of the 
writer's interest, any facts bearing upon the desirability of a hearing 
on the matter, the reason for the request, and the issues contested. 
Persons may request notification of a hearing by emailing the 
Commission's Secretary.

ADDRESSES: The Commission: <a href="/cdn-cgi/l/email-protection#adfec8cedfc8d9ccdfd4de80e2cbcbc4cec8eddec8ce83cac2db"><span class="__cf_email__" data-cfemail="fead9b9d8c9b8a9f8c878dd3b19898979d9bbe8d9b9dd0999188">[email&#160;protected]</span></a>. The Applicant: 
True Venture Management, L.L.C. <a href="/cdn-cgi/l/email-protection#9de7edfceff6eeddfef2ebb3fef2f0"><span class="__cf_email__" data-cfemail="fb818b9a899088bb98948dd5989496">[email&#160;protected]</span></a>; <a href="/cdn-cgi/l/email-protection#e8848d8f8984a89c9a9d8d9e8d869c9d9a8d9bc68b8785"><span class="__cf_email__" data-cfemail="5a363f3d3b361a2e282f3f2c3f342e2f283f2974393537">[email&#160;protected]</span></a>.

FOR FURTHER INFORMATION CONTACT: Priscilla Dao, Senior Counsel, or 
Matthew Cook, Acting Branch Chief, at (202) 551-6825 (Division of 
Investment Management, Chief Counsel's Office).

SUPPLEMENTARY INFORMATION: For the Applicant's representations, legal 
analysis, and conditions, please refer to the Applicant's amended and 
restated application dated August 8, 2025, which may be obtained via 
the Commission's website by searching for the file number at the top of 
this document, or for the Applicant using the Company name search 
field, on the SEC's EDGAR system. The SEC's EDGAR system may be 
searched at <a href="https://www.sec.gov/edgar/searchedgar/legacy/companysearch.html">https://www.sec.gov/edgar/searchedgar/legacy/companysearch.html</a>. You may also call the SEC's Office of Investor 
Education and Advocacy at (202) 551-8090.

    For the Commission, by the Division of Investment Management, 
under delegated authority.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2025-22852 Filed 12-15-25; 8:45 am]
BILLING CODE 8011-01-P


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Indexed from Federal Register on December 16, 2025.

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.