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.