Pnc Tc, Llc
- Regulatory AUM
- $3.6B
- Discretionary
- $3.6B
- Clients
- 72
- Avg AUM / client
- $49.4M
- Accounts
- 72
- Employees
- 186
AUM over time
Annual snapshots from Form ADV filings · as of Jun 08, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 72 | $3.6B | 100.0% |
Private funds (7)
Reported in Form ADV Section 7.B.(1), filing of Jul 2024 · $310M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Pnc Nmtc Fund 3, Llc | Private Equity Fund | Delaware | $157M | 3 |
| Pnc Nmtc Fund 4, Llc | Private Equity Fund | Delaware | $60.0M | 2 |
| Pnc Nmtc Fund 2, Llc | Private Equity Fund | Delaware | $53.5M | 7 |
| Pnc Nmtc Fund 5, Llc | Private Equity Fund | Delaware | $20.4M | 2 |
| Pnc Nmtc Fund 1, Llc | Private Equity Fund | Delaware | $12.3M | 1 |
| Pnc Htc Fund 1, Llc | Private Equity Fund | Delaware | $6.2M | 2 |
| Pnc Htc Fund 2, Llc | Private Equity Fund | Delaware | $84.4K | 3 |
People (5)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Bade, Wendy, Sue | Secretary And Director | Aug 2014 (12y) | Less than 5% | |
| Crow, Todd, Jackson | President And Director | Aug 2014 (12y) | Less than 5% | |
| Nunnery, John, Norman | Treasurer And Director | Aug 2014 (12y) | Less than 5% | |
| Rus, Thomas, Reinhard | Chief Compliance Officer | Nov 2018 (8y) | Less than 5% | |
| Hesterlee, Rachelle, Vaughan | Senior Vice President And Director | Jun 2024 (2y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Pnc Bank, National Association | Sole Member | Jul 2014 | A | 75% or more |
| Pnc Bancorp, Inc. | Shareholder | May 1990 | B | ≈ 56.25% – 100% via Pnc Bank, National Association |
| The Pnc Financial Services Group, Inc. | Shareholder | May 1990 | B | ≈ 42.19% – 100% via Pnc Bancorp, Inc. |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Pnc Bancorp, Inc.: 75% – 100% of Pnc Bank, National Association × 75% – 100% direct ≈ 56.25% – 100% of the firm
- The Pnc Financial Services Group, Inc.: 75% – 100% of Pnc Bancorp, Inc. × 75% – 100% of Pnc Bank, National Association × 75% – 100% direct ≈ 42.19% – 100% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (7, $310M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Pnc Nmtc Fund 3, Llc | Private Equity Fund | $157M | $1.0M | 3 |
| Pnc Nmtc Fund 4, Llc | Private Equity Fund | $60.0M | $1.0M | 2 |
| Pnc Nmtc Fund 2, Llc | Private Equity Fund | $53.5M | $1.0M | 7 |
| Pnc Nmtc Fund 5, Llc | Private Equity Fund | $20.4M | $1.0M | 2 |
| Pnc Nmtc Fund 1, Llc | Private Equity Fund | $12.3M | $1.0M | 1 |
| Pnc Htc Fund 1, Llc | Private Equity Fund | $6.2M | $1.0M | 2 |
| Pnc Htc Fund 2, Llc | Private Equity Fund | $84.4K | $1.0M | 3 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 06/08/2026 | 6.28 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
Allegations: THE OCC ALLEGED THAT PNC BANK FAILED TO ADHERE TO THE REQUIREMENTS OF SECTION 102 OF THE FLOOD DISASTER PROTECTION ACT AND ITS IMPLEMENTING REGULATIONS IN CONNECTION WITH 125 COMMERCIAL LOANS. Status: Final Sanction Detail: SEE RESPONSE TO 12.A. PAYMENT MADE ON OR ABOUT MAY 1, 2018. Summary: PNC BANK, WITHOUT ADMITTING OR DENYING ANY WRONGDOING, CONSENTED AND AGREED TO AN ORDER FINDING THAT PNC BANK FAILED TO ADHERE TO THE REQUIREMENTS OF SECTION 102 OF THE FLOOD DISASTER PROTECTION ACT AND ITS IMPLEMENTING REGULATIONS IN CONNECTION WITH 125 COMMERCIAL LOANS.
Allegations: THE OCC ALLEGED THAT PNC BANK,NA FAILED TO FORCE PLACE INSURANCE IN A TIMELY MANNER ON RESIDENTIAL DESIGNATED LOANS IN VIOLATION OF THE FLOOD DISASTER PROTECTION ACT (FLOOD ACT). Status: Final Sanction Detail: SEE RESPONSE TO 12.A - PAYMENT MADE ON OR ABOUT JULY 18, 2022. Summary: PNC BANK, WITHOUT ADMITTING OR DENYING ANY WRONGDOING, CONSENTED AND AGREED TO AN ORDER FINDING THAT PNC BANK FAILED TO ADHERE TO THE REQUIREMENTS OF 12 C.F.R. §22.7(A) (FORCE PLACEMENT OF FLOOD INSURANCE).
Allegations: THE OCC ALLEGED THAT PNC, NA BANK FAILED TO ADHERE TO THE REQUIREMENTS OF SECTION 5 OF THE FEDERAL TRADE COMMISSION ACT IN CONNECTION WITH THE WAIVER OF CERTAIN FEES AND THE LINKING OF ACCOUNTS FOR OVERDRAFT PROTECTION TRANSFERS. Status: Final Sanction Detail: SEE RESPONSE TO 12.A. PAYMENT MADE ON OR ABOUT MAY 1, 2018. Summary: PNC BANK, WITHOUT ADMITTING OR DENYING ANY WRONGDOING, CONSENTED AND AGREED TO AN ORDER FINDING THAT PNC BANK FAILED TO ADHERE TO THE REQUIREMENTS OF SECTION 5 OF THE FEDERAL TRADE COMMISSION ACT IN CONNECTION WITH THE WAIVER OF CERTAIN FEES AND THE LINKING OF ACCOUNTS FOR OVERDRAFT PROTECTION TRANSFERS.
Allegations: ON SEPTEMBER 30, 2019, THE COMMODITIES FUTURES TRADING COMMISSION (CFTC) FILED AND SETTLED CHARGES AGAINST PNC BANK, NATIONAL ASSOCIATION (PNC), A PROVISIONALLY REGISTERED SWAP DEALER, FOR FAILING TO COMPLY WITH PNC'S SWAP REPORTING OBLIGATIONS AS A SWAP DEALER. ACCORDING TO THE ORDER, PNC FAILED TO PROPERLY REPORT LEGAL ENTITY IDENTIFIERS, PRIMARY ECONOMIC TERMS, AND CONTINUATION DATA; FAILED TO FILE LARGE TRADER REPORTS FOR ITS PHYSICAL COMMODITY SWAPS; AND FAILED TO TIMELY REPORT CERTAIN TRADES. Status: Final Sanction Detail: $300,000 FINE. 100% OF THE PENALTY AGAINST CONTROL AFFILIATE PNC BANK, N.A. Summary: ON SEPTEMBER 30, 2019, THE COMMODITIES FUTURES TRADING COMMISSION (CFTC) FILED AND SETTLED CHARGES AGAINST PNC BANK, NATIONAL ASSOCIATION (PNC), A PROVISIONALLY REGISTERED SWAP DEALER, FOR FAILING TO COMPLY WITH PNC'S SWAP REPORTING OBLIGATIONS AS A SWAP DEALER. ACCORDING TO THE ORDER, PNC FAILED TO PROPERLY REPORT LEGAL ENTITY IDENTIFIERS, PRIMARY ECONOMIC TERMS, AND CONTINUATION DATA; FAILED TO FILE LARGE TRADER REPORTS FOR ITS PHYSICAL COMMODITY SWAPS; AND FAILED TO TIMELY REPORT CERTAIN TRADES. THE CFTC ORDER IMPOSES A $300,000 CIVIL MONETARY PENALTY ON PNC, AMONG OTHER SANCTIONS, FOR THESE REPORTING VIOLATIONS. THE ORDER RECOGNIZES PNC'S SELF-REPORTING BEFORE PNC KNEW THE FULL EXTENT OF ITS VIOLATIONS AND PNC'S FULL COOPERATION WITH THE CFTC DIVISION OF ENFORCEMENT, THE CFTC DIVISION OF SWAP DEALER AND INTERMEDIARY OVERSIGHT, AND THE CFTC DIVISION OF MARKET OVERSIGHT. THE ORDER ALSO RECOGNIZES PNC'S REMEDIATION OF ITS SWAPS REPORTING ISSUES BOTH ON AN ONGOING BASIS AND WITH RESPECT TO HISTORICAL REPORTS, INCLUDING TRANSACTIONS NO LONGER ON PNC'S BOOKS.
Disclosure text reproduced verbatim from the firm's own Form ADV filings.
How they charge
- • Other fees
- • BASED ON THE AMOUNT OF TIME AND RESOURCES DEVOTED TO EACH FUND.
Services
- • Portfolio management for pooled investment vehicles
Custody
Firm reports it does not have custody of client funds or securities (Item 9.A).
No custodian data reported or mined yet.
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Jun 08, 2026.
View current Form ADV (SEC/IAPD) ↗