Asset ManagerRIA · CRD 306964SEC-Registered

Updated:

True Fiduciary Capital

Dan O'Keefe runs True Fiduciary Capital as a permanent-capital vehicle making concentrated bets on public and private technology companies.

True Fiduciary Capital

TRUE FIDUCIARY CAPITAL, LLC is an SEC-registered investment adviser in EL CAJON, CA. The firm manages approximately $102 million in regulatory assets. It has 1 employee and 1 investment adviser.

General information

Firm type

Asset Manager

Year founded

2012

AUM

Undisclosed

Location

Region

North America

Country

United States

City

El Cajon

Corporate office

Palo Alto, CA, United States

Principals

Daniel O'Keefe

Managing Partner

Sector focus

Enterprise SoftwareFinTechDigital HealthAI/MLClimateTech

Frequently asked questions

Who runs investment decisions at True Fiduciary Capital?

Daniel O'Keefe is the Managing Partner and makes all investment decisions. O'Keefe previously spent two decades at Artisan Partners, where he served as lead portfolio manager for the Artisan Global Value strategy. By the time he departed, he was managing approximately $34 billion in assets and had built a long-term track record of concentrated, benchmark-agnostic investing (public record).

Is True Fiduciary Capital structured as a family office or an investment firm?

The firm is structured as a permanent-capital investment vehicle, not a single-family office or a traditional fund. Dan O'Keefe manages partner capital alongside his own through an indefinite-life structure. This allows the firm to operate without the fund lifecycle constraints that force exits within a set time period.

Does True Fiduciary Capital invest in both public and private companies?

Yes. The firm runs a crossover strategy that treats public equities and private technology investments as a single, thematic portfolio. This dual mandate allows O'Keefe to hold a position through an IPO rather than exiting, and to buy public companies with the same long-duration, compounder-oriented lens he applies to private deals.

Does the firm make fund commitments or only direct investments?

True Fiduciary Capital invests directly in operating companies rather than making fund commitments. The firm takes concentrated positions, consistent with O'Keefe's benchmark-agnostic public-equity approach. There is no known record of the firm committing capital to external venture or buyout funds.

What investment stages does True Fiduciary Capital typically target?

The firm makes early-stage private investments in technology sectors and also buys public technology stocks. In private markets, it writes early-stage checks but does not disclose a specific round preference, reflecting the flexible, mandate-driven approach rather than a rigid stage framework.

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