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Adviser Profile

As of Date 03/28/2024
Adviser Type - Large advisory firm
Number of Employees 4
of those in investment advisory functions 4
Registration SEC, Approved, 08/21/2017
AUM* 196,347,114 37.07%
of that, discretionary 196,347,114 37.07%
Private Fund GAV* 61,326,753 41.67%
Avg Account Size 65,449,038 37.07%
SMA’s Yes
Private Funds 1
Contact Info 312 xxxxxxx
Websites

Client Types

- Pooled investment vehicles
- Charitable organizations
- Other

Advisory Activities

- Portfolio management for pooled investment vehicles
- Portfolio management for businesses

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
143M 123M 102M 82M 61M 41M 20M
2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeHedge Fund Count1 GAV$61,326,753

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Brochure Summary

Overview

Gate City Capital Management, LLC (“GCCM” or “Gate City”) is an investment adviser based in Chicago, Illinois. GCCM was founded in 2014 by Michael Melby as an Illinois limited liability company. Mr. Melby is the managing member of GCCM and serves as portfolio manager. Gate City Capital Management is the managing member of Gate City Capital Partners, LLC (the “Fund”), a pooled investment vehicle, and may also provide investment advice to clients through managed account arrangements. GCCM will have overall responsibility for managing and administering the business and affairs of the Fund and making investment and trading decisions for it. As the advisor for each managed account, GCCM has full power to direct, manage, and change the investment and reinvestment of the assets in the account, the proceeds, and any additions. The Fund Gate City Capital Partners, LLC (the “Fund”) is a Delaware limited liability company that was formed on August 25, 2011 whose investment objective is to generate attractive long-term investment returns through the construction of a concentrated portfolio focused on micro-cap value equities. The Fund is exempt from registration under the Investment Company Act of 1940, as amended (the “Investment Company Act”), and whose securities are exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”). Gate City Capital Management, LLC is the managing member of the Fund. GCCM provides investment advice to the Fund in accordance with the investment objectives
and guidelines set forth in the Private Placement Memorandum, organizational documents and/or related investment advisory agreement of the Fund (collectively, “Offering Documents”). The investment objectives and guidelines of the Fund are not specifically tailored to the individual need of Fund investors. Separately Managed Accounts GCCM also provides investment advice to clients through managed account arrangements. GCCM has full power to direct, manage, and change the investment and reinvestment of the assets in the account, the proceeds, and any additions. GCCM’s authority includes discretionary authority to purchase and sell securities for clients’ account(s), to submit aggregated trade orders for client(s) in order to obtain best execution, and to give instructions concerning these transactions to the broker-dealer(s) and other custodians with which the clients’ account(s) are held. GCCM is not required to first consult with client(s) before placing any specific order or obtain specific authorization from client(s) for each specific transaction. Client(s) may specify investment guidelines and impose certain restrictions or investment parameters for their accounts. GCCM’s advisory agreements may be terminated in writing upon 45 days written notice. For more information on the material risks of the investment strategies employed by GCCM, see Item 8, “Methods of Analysis, Investment Strategies and Risk of Loss.” As of December 31, 2023, GCCM had approximately $196,300,000 in assets under management.