# TCG Capital

TCG Capital is an Asset Manager based in Playa Vista, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Playa Vista, United States
- **Region:** North America
- **Address:** Coral Gables, FL, United States
- **Founded:** 2010
- **Assets under management:** Undisclosed
- **Website:** tcgcap.com
- **LinkedIn:** https://www.linkedin.com/company/tcg-capital-llc

## About

TCG Capital is an SEC-registered investment adviser in Playa Vista, CA, registered since 2018. The firm manages approximately $2.6 billion in regulatory assets. It has 27 employees and 17 investment advisers.

## Sectors

- Media & Entertainment
- Enterprise Software
- FinTech
- Consumer Tech
- Digital Health

## Offices

- Playa Vista, CA
- New York, NY

## People

- Peter Chernin — Co-founder and Managing Partner
- Jesse Jacobs — Co-founder and Managing Partner
- Mike Kerns — Co-founder and Managing Partner
- Jennifer Randle — CFO, TCG Capital Management
- Lauren Goldberg — Partner, COO, and General Counsel

## Questions

### Who runs investment decisions at TCG Capital?

Peter Chernin, Jesse Jacobs, and Mike Kerns serve as co-founders and managing partners with shared authority over TCG's investment strategy. Chernin brings the senior media relationships from his tenure as News Corp's President and COO. Jacobs and Kerns handle day-to-day deal execution from the Playa Vista and New York offices, according to the firm's public communications.

### How does TCG source its deals?

TCG's proprietary deal flow originates largely from Peter Chernin's four-decade entertainment-industry network. The firm is known for accessing consumer-tech and media deals through relationships rather than auction processes. Its dual presence in Los Angeles and New York positions it near content creators and the ad-tech ecosystem that supports them.

### Does TCG operate as a venture firm or a holding company?

TCG operates as both. Through The Chernin Group, it acquired and operated controlling stakes in media properties like Crunchyroll and Barstool Sports, behaving more like a holding company. Alongside those controlled assets, the firm manages growth-stage funds that take minority positions in companies like Exploding Kittens and Surfline, which function like traditional venture capital.

### What is the relationship between TCG Capital and News Corp?

TCG Capital is independent of News Corporation. Peter Chernin left his role as President and COO of News Corp in 2009 after a 20-year career running the Fox film and television businesses. He founded TCG in 2010 with no ongoing News Corp affiliation, though his operating experience inside the Murdoch media machine heavily shapes the firm's investment thesis.

### How is TCG's philanthropy structured?

Peter Chernin is publicly associated with Malaria No More, the global health nonprofit. He also serves as co-chair of UC Berkeley's Board of Visitors, according to that institution's public records. The family office does not appear to maintain a standalone, branded philanthropic foundation.

### Where does TCG's investment capital come from?

The firm does not publicly disclose its limited partner base, and Peter Chernin's personal wealth is not a matter of public record. TCG's fund structures, including the co-investment vehicles filed in Delaware, suggest capital is raised from institutional and high-net-worth investors rather than operating solely as a single-family pool.

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- [TCDS India](https://altss.com/profile/tcds-india)
- [TCR Capital](https://altss.com/profile/tcr-capital)

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Last updated: 2026-06-03T20:00:00.000Z

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