Mill City Capital provides investment advice to private investment funds. They identify and evaluate investment opportunities, negotiate terms, manage and monitor investments, and ultimately sell them. Investments are mainly in non-public companies, with senior staff sometimes serving on the boards of these companies. The firm is owned by Darren L. Acheson.
Fee Structure
Mill City Capital manages investments for private investment funds and receives a management fee and carried interest. They may also receive additional compensation for services performed for portfolio companies, which may offset the management fee. Investors in the funds also bear certain fund expenses. Investors in Co-Invest Funds generally do not pay management fees or carried interest.