Gate City Capital Management, LLC

Gate City Capital Management, LLC is a Chicago-based investment adviser founded in 2014 by Michael Melby. The firm specializes in managing the Gate City Capital Partners, LLC, a pooled investment vehicle focusing on micro-cap value equities. Gate City also offers investment advice through managed account arrangements, providing full discretion over asset management. The minimum account size for separately managed accounts is typically $1,000,000, but this requirement may be waived at the firm's discretion. Clients are charged advisory fees ranging from 0.50% to 1.50% of assets under management, with additional incentive allocations of 10% to 20% of net realized returns. Gate City's investment strategy involves fundamental analysis of micro-cap companies, aiming to identify undervalued assets with strong growth potential and a margin of safety. The firm maintains a concentrated portfolio of fewer than 20 positions, focusing on long-term investments and risk management. Gate City emphasizes fair allocation of investment opportunities among clients and has implemented a Code of Ethics to guide its practices. The firm exercises discretionary investment management for clients, and may vote proxies on behalf of clients' securities holdings. Gate City does not compensate for client referrals and has not been involved in any disciplinary actions.