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RIA / WealthRegistered adviserformer SEC advisernot on rosterRAUM 100m 1b

MILL CITY CAPITAL, L.P.

CRD 162652

WAYZATA, MN

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:9f9e2d2e-e0fe-43d5-4d07-022da3e00823

Data as of Jun 23, 2022 (this record's last observation) from federal regulator filings. Page built Sep 18, 2026, 11:29 PM UTC and rebuilt at most every 15 minutes.

Relationships: 7
Dated events: 4
On other graphs: 3
Observed: May 20, 2014 to Jun 23, 2022
8 observations

Across DFX

same identity by shared identifier, citation, or a bridge measured by hand

Venture Capitalidentity

Mill City Capital, L.P.

Venture manager · shared crd

Independent Sponsorsidentity

Mill City Capital, L.P.

Capital provider to sponsors · shared crd

Private Equityidentity

Mill City Capital, L.P.

Private equity manager · shared crd

Facts

fact = as filed or announced; derived = computed by DFX; estimate = a band, never a point

Firm class: former SEC adviserderivedabsent from the latest SEC roster
Regulatory AUM: $230MItem 5.F on the latest filing (2022-06-23); as reported, and an affiliate's assets may be counted again on its own filing
Discretionary RAUM: $230M
Private client RAUM: $0derivedItem 5.D individuals plus high net worth individuals
Private client share: 0%derivedprivate client RAUM over total RAUM
Advisors on IAPD: 0
Employees: 2
Advisory employees: 2
Offices: 0Schedule D 1.F, beyond the principal office
Accounts: 2
Private funds: 4Schedule D 7.B(1)
Private fund GAV: $459Mgross asset value as reported per fund; never fund size
Custody, client assets: $230M
SEC number: 801-126163
CRD: 162652
Filings on the tape: 8
First filed: May 20, 2014
Latest filed: Jun 23, 2022
Organised: Limited Partnership, Delaware

Private funds

Schedule D 7.B(1); gross asset value as reported, never fund size; reporting ends 2024-12-31

Fund	Type	Reported GAV	As of	Owners	First reported	Status	Form D file
MILL CITY FUND II, L.P.	Private Equity Fund	$74.3M	May 7, 2024	25	Mar 28, 2014	reported	021-201576
MOBILE PRO INVESTORS LLC	Private Equity Fund	$12.9M	May 7, 2024	22	Feb 7, 2023	reported	021-453484
MILL CITY FUND, L.P.	Private Equity Fund	$91,000	May 17, 2023	46	Mar 21, 2012	reported	021-142590

Owners and control persons

Schedule A and B as filed; ownership codes are the form's bands (NA under 5%, A 5 to 10%, B 10 to 25%, C 25 to 50%, D 50 to 75%, E over 75%); people are listed as filed and never merged by name

Owner	Title	Ownership code	Control person	Acquired	First seen	Last seen
ACHESON, DARREN, LORNE	LLC MEMBER	D	yes	04/2010	May 20, 2014	Jun 23, 2022
ACHESON, DARREN, LORNE	MANAGING DIRECTOR	C	yes	04/2010	May 20, 2014	Jun 23, 2022
MCC ULTIMATE GP, LLC	GENERAL PARTNER	Na	yes	04/2010	Oct 20, 2016	Jun 23, 2022
RUTLIN, ALEXANDER, OSTEN	CHIEF COMPLIANCE OFFICER	Na	yes	06/2022	Jun 23, 2022	Jun 23, 2022

Affiliates (Item 7.A)

as filed on Item 7.A; a related person with a CRD on the graph links to its own page

Related person	Type	Class on the graph	Its RAUM	Control	Common control	State
WASHBURN II, L.P.	n/a	n/a	n/a	Y	yes	n/a
WASHBURN, L.P.	n/a	n/a	n/a	Y	yes	n/a

Regulatory AUM by fiscal year

annual amendments (and the roster's annual snapshot) as filed; where a year was amended twice the later filing draws the line

Fiscal year	Filed	RAUM	Discretionary	Employees	Advisory staff	Offices	Private funds	Fund GAV
2017	Mar 26, 2018	$133M	$133M	5	4	0	2	$133M
2016	Mar 30, 2017	$114M	$114M	6	5	n/a	2	$114M
2015	Mar 29, 2016	$136M	$136M	4	4	n/a	2	$136M
2014	Mar 19, 2015	$192M	$192M	4	4	n/a	2	$192M

Growth

derived from consecutive annual filings; RAUM as reported

Latest fiscal year	RAUM	A year earlier	1y change	Three years earlier	3y CAGR	Employees	A year earlier	Offices	A year earlier
2017	$230M	$114M	101.5%	$192M	6.2%	2	6	0	n/a

Relationships

Advises (3)

→ MILL CITY FUND II, L.P.Private fundPrivate Equity Fund, ERA
Mar 28, 2014 to presentfactForm ADV
→ MOBILE PRO INVESTORS LLCPrivate fundPrivate Equity Fund, ERA
Feb 7, 2023 to presentfactForm ADV
→ MILL CITY FUND, L.P.Private fundPrivate Equity Fund, ERA
Mar 21, 2012 to presentfactForm ADV

Controls (3)

← ACHESON, DARREN, LORNEOwnerLLC MEMBER, ownership code D, individual
May 20, 2014 to presentfactForm ADV
← RUTLIN, ALEXANDER, OSTENOwnerCHIEF COMPLIANCE OFFICER, ownership code NA, individual
Jun 23, 2022 to presentfactForm ADV
← MCC ULTIMATE GP, LLCOwnerGENERAL PARTNER, ownership code NA, domestic entity
Oct 20, 2016 to presentfactForm ADV

Dated events

Occurred
Jun 23, 2022
Control person joined
Osten Alexander Rutlin (Chief Compliance Officer) appeared on Schedule A of Mill City Capital, L.P.
Form ADVobserved 3 days ago
Occurred
Jun 23, 2022
Control person left
Ann Lisa Kro (Managing Director) no longer on Schedule A of Mill City Capital, L.P. (listed 2018-03-26, absent 2022-06-23)
Form ADVobserved 3 days ago
Occurred
Jun 23, 2022
Control person left
Christine Angela Wood (Chief Compliance Officer) no longer on Schedule A of Mill City Capital, L.P. (listed 2018-03-26, absent 2022-06-23)
Form ADVobserved 3 days ago
Occurred
May 20, 2014
First Form ADV filing
Mill City Capital, L.P. filed its initial SEC registration (Form ADV)
Form ADVobserved 3 days ago

Provenance

Graph: RIA / Wealth Management
Canonical id: dfx:ria:9f9e2d2e-e0fe-43d5-4d07-022da3e00823
First observed: May 20, 2014
Last observed: Jun 23, 2022 51 months ago
Source families: Federal regulator filings
3 registered feeds stand behind this record; each fact above carries its own dates and, where the publisher serves one, its document.
Resolution: Identity across graphs by shared identifier (CRD, CIK, EIN, ADV fund id, individual CRD) or citation; a name match is shown as a candidate and never merged.

MILL CITY CAPITAL, L.P.

CRD 162652

WAYZATA, MN

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:9f9e2d2e-e0fe-43d5-4d07-022da3e00823

Data as of Jun 23, 2022 (this record's last observation) from federal regulator filings. Page built Sep 18, 2026, 11:29 PM UTC and rebuilt at most every 15 minutes.

Fund

Type

Reported GAV

As of

Owners

First reported

Status

Form D file

MILL CITY FUND II, L.P.

Private Equity Fund

$74.3M

May 7, 2024

Mar 28, 2014

reported

021-201576

MOBILE PRO INVESTORS LLC

Private Equity Fund

$12.9M

May 7, 2024

Feb 7, 2023

reported

021-453484

MILL CITY FUND, L.P.

Private Equity Fund

$91,000

May 17, 2023

Mar 21, 2012

reported

021-142590

Owner

Title

Ownership code

Control person

Acquired

First seen

Last seen

ACHESON, DARREN, LORNE

LLC MEMBER

yes

04/2010

May 20, 2014

Jun 23, 2022

ACHESON, DARREN, LORNE

MANAGING DIRECTOR

yes

04/2010

May 20, 2014

Jun 23, 2022

MCC ULTIMATE GP, LLC

GENERAL PARTNER

yes

04/2010

Oct 20, 2016

Jun 23, 2022

RUTLIN, ALEXANDER, OSTEN

CHIEF COMPLIANCE OFFICER

yes

06/2022

Jun 23, 2022

Related person

Type

Class on the graph

Its RAUM

Control

Common control

State

WASHBURN II, L.P.

n/a

yes

n/a

WASHBURN, L.P.

n/a

yes

n/a

Fiscal year

Filed

RAUM

Discretionary

Employees

Advisory staff

Offices

Private funds

Fund GAV

2017

Mar 26, 2018

$133M

2016

Mar 30, 2017

$114M

n/a

$114M

2015

Mar 29, 2016

$136M

n/a

$136M

2014

Mar 19, 2015

$192M

n/a

$192M

Latest fiscal year

RAUM

A year earlier

1y change

Three years earlier

3y CAGR

Employees

A year earlier

Offices

A year earlier

2017

$230M

$114M

101.5%

$192M

6.2%

n/a