9AT: MILLRACE ASSET GROUP, INC.

Advisers
MILLRACE ASSET GROUP, INC.
Summary

MILLRACE ASSET GROUP, INC.

Summary Contacts Historical News Filings Brochure Private Funds Service Providers

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other names

MILLRACE ASSET GROUP, INC.

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Adviser Profile

Registration status

Terminated

As of Date	03/15/2025
Adviser Type - Large advisory firm
Number of Employees	8 -11.11%
of those in investment advisory functions	4

AUM^*	194,091,122 -13.27%
of that, discretionary	194,091,122 -13.27%
Private Fund GAV^*	0 -100.00%
Avg Account Size	64,697,041 -13.27%
SMA’s	No
Private Funds	0 2
Contact Info	610 xxxxxxx
Websites

Details

HTTP://WWW.MILLRACEASSET.COM

HTTPS://WWW.LINKEDIN.COM/COMPANY/4002797/

Client Types

- Investment companies
- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management

Reported AUM

245M 210M 175M 140M 105M 70M 35M

2015 2016 2017 2018 2019 2020 2021 2022 2023

Discretionary

Non-discretionary

Private Funds

GAV Count

Employees

Brochure Summary

Overview

Millrace Asset Group, Inc. (“Millrace”) was established in 2001 and commenced operations in January 2002 with the inception of Millrace Fund, LP (the “Millrace Fund”) and in December 2019, the launch of Millrace Capital, LP (“Millrace Capital”), collectively, the “Funds.” Millrace was founded and is owned by William L. Kitchel and Whitney M. Maroney. The Millrace Fund’s investment strategy employs long and short equity investments focused in small and mid capitalization companies, whereas Millrace Capital employs a long only strategy. Millrace provides investment advisory services for Millrace Fund and Millrace Capital, (collectively “the Funds”). In addition, Millrace provides investment advisory services as a sub-advisor

to an investment company. Regulatory assets under management for Millrace as of December 31, 2023 totaled $194.1 million, all on a discretionary basis. Millrace does not participate in any wrap fee programs. Investors in the Funds are accredited investors or institutional investors meeting specific requirements. Each investor is provided a private placement memorandum and executes a limited partnership agreement prior to investing in either Fund. These materials describe the investment strategy and related investment risks for each of the Funds. The Millrace strategies are not tailored for the needs of individual clients or subject to client restrictions on investing in specific securities or types of securities.

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