P4G Capital Management provides portfolio management for pooled vehicles. The firm advises 9 private funds.
P4G Capital Management reports 9 pooled investment vehicles. These counts refer to investment vehicles, rather than the individual investors in them. Of its assets, 100.0% ($419M across 9 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Pooled investment vehicles | 100% | 100% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Pooled investment vehicles | 9 | $419M | 100.0% | $46.6M |
| Total | 9 | $419M | 100% | $46.6M |
- Clients
- 9
- Regulatory AUM
- $419M
- AUM share
- 100.0%
- Avg. per client
- $46.6M
Total
- Clients
- 9
- Regulatory AUM
- $419M
- AUM share
- 100%
- Avg. per client
- $46.6M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 9
P4G Capital Management is paid through a percentage of assets under management and performance-based fees; its fees and minimums are set out in its brochures on the SEC website.
P4GCM Holdings, LP owns 75% or more of P4G Capital Management. It has 9 employees, 8 of them in advisory roles.
Leadership
- Tracy HuttCFO, CCO
- Rachel LehmanManaging Partner
Staff
- 9 employees
- 8 in advisory functions
- Owns 75% or more of P4G Capital Management, LLC
P4GCM Holdings, LP
Control person · since November 2023
P4GCM Holdco, LLC
General partner · Control person · since November 2023
- Owns 75% or more of P4GCM Holdco, LLC
Rachel E. Lehman Revocable Trust
Control person · since January 2024
- Owns 75% or more of Rachel E. Lehman Revocable Trust
Rachel Lehman
Control person · since February 2014
P4G Capital Management’s regulatory assets grew 1.7× from $249M (April 2021) to $419M (April 2026); clients rose from 7 to 9 and employees were 9 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| April 2026 | $419M | 9 | 9 | 3 |
| March 2025 | $479M | 9 | 9 | 3 |
| April 2024 | $398M | 9 | 13 | 3 |
| April 2023 | $275M | 7 | 13 | 1 |
| April 2022 | $213M | 7 | 11 | 1 |
| April 2021 | $249M | 7 | 9 | 1 |
Besides its headquarters, P4G Capital Management has 2 offices, with 3 listed addresses in California, Colorado and Nevada.
California · 1 listed address
- 150 California Street, San Francisco
Colorado · 1 listed address
- 558 Castle Pines Parkway, Castle Pines
Nevada · 1 listed address
- 297 Kingsbury Grade, Suite 208, StatelineHQ
Contact and registration details
- Legal name
- P4G Capital Management, LLC
- Headquarters
- 297 Kingsbury Grade, Suite 208, Stateline, NV 89449
- Website
- p4gcap.com
- Phone
- 415-510-2160
- @p4g-capital
- SEC file
- 801-114926
- Structure
- Delaware LLC
- Fiscal year end
- December
P4G Capital Management has custody of $419M in client assets for 9 clients.
How many clients does P4G Capital Management have?
P4G Capital Management has 9 clients and manages $419 million for them, as of April 2026. They include 9 pooled investment vehicles.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 27 April 2026
What services does P4G Capital Management offer?
P4G Capital Management provides portfolio management for pooled vehicles.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How many financial advisors does P4G Capital Management have?
P4G Capital Management has 0 investment adviser representatives registered with state securities authorities, out of 9 employees, and 8 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
Who owns P4G Capital Management?
P4G Capital Management is owned through a chain of holding companies by Rachel Lehman. Its direct owner is P4GCM Holdings, LP (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 27 April 2026
How does P4G Capital Management get paid?
P4G Capital Management is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
Is P4G Capital Management registered with the SEC?
Yes, P4G Capital Management has been registered with the SEC as an investment adviser since 29 March 2019. Its CRD number is 300645 and its SEC file number is 801-114926.
Source: Form ADV Part 1A, Item 1, filed 27 April 2026; IAPD firm record
How do I contact P4G Capital Management?
P4G Capital Management’s main office is at 297 Kingsbury Grade, Suite 208, Stateline, NV 89449. Its phone number is 415-510-2160. Its website is p4gcap.com.