AUMdb

Mill City Capital, L.P.

SEC-registered Investment Adviser CRD 162652 · SEC file 802-127437 · Minneapolis, MN · WWW.MILLCITYCAPITAL.COM
☆ Save with Pro ADV data as of Mar 17, 2026
Regulatory AUM
Discretionary
Clients
Avg AUM / client
Accounts
Employees

AUM over time

$114M $230M
May 20, 2014 Jun 23, 2022

Reported AUM from Form ADV filings, plotted by filing date · as of Mar 17, 2026

Private funds (2)

Reported in Form ADV Section 7.B.(1), filing of May 2024 · $87.2M combined gross assets

FundTypeDomicileGross assetsOwners
Mill City Fund Ii, L.P. Private Equity Fund Delaware $74.3M 25
Mobile Pro Investors Llc Private Equity Fund Delaware $12.9M 22

People (2)

NameRole / titleCredentialsWith firm sinceOwnership
Acheson, Darren, Lorne Managing Director Apr 2010 (16y) ≈ 0% – 3.75% via Mcc Ultimate Gp, Llc
Rutlin, Alexander, Osten Chief Compliance Officer Jun 2022 (4y) Less than 5%

Entity owners (Schedule A/B)

EntityTitle / statusSinceSch.Ownership
Mcc Ultimate Gp, Llc General Partner Apr 2010 A Less than 5%

Undisclosed: 40% – 75% of the firm is not attributable from the filed Schedule A bands.

Estimated effective ownership (look-through of filed bands):

  • Acheson, Darren, Lorne: 50% – 75% of Mcc Ultimate Gp, Llc × 0% – 5% direct ≈ 0% – 3.75% 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 (2, $87.2M gross assets)

FundTypeGross assetsMin. investmentOwners
Mill City Fund Ii, L.P. Private Equity Fund $74.3M $250K 25
Mobile Pro Investors Llc Private Equity Fund $12.9M $50.0K 22

From Form ADV Section 7.B private fund reporting.

Documents (1 archived)

FormPeriodSize
Form ADV (full filing) 03/17/2026 1.16 MB View · PDF · Source ↗

Archived copies of the firm's regulatory filings, versioned by content hash.

Disciplinary disclosures

No disciplinary events reported on the firm's latest Form ADV filing.

How they charge

Not reported.

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: Mar 17, 2026.

View current Form ADV (SEC/IAPD) ↗