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Adviser Profile

As of Date 10/04/2024
Adviser Type - Large advisory firm
Number of Employees 3 -25.00%
of those in investment advisory functions 1
Registration SEC, Approved, 7/1/2021
AUM* 186,508,161 -24.83%
of that, discretionary 186,508,161 -24.83%
Private Fund GAV* 186,508,161 -25.53%
Avg Account Size 8,109,050 -31.37%
SMA’s No
Private Funds 23 2
Contact Info 901 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
416M 356M 297M 237M 178M 119M 59M
2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeHedge Fund Count23 GAV$186,508,161

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Brochure Summary

Overview

Gullane Capital, LLC is a limited liability company formed under the laws of the State of Delaware and headquartered in Memphis, Tennessee.  Richard A. Miller, III is the Managing Member of Gullane Capital. Richard A. Miller, III owns 85.75% of Gullane Capital.  Jennifer M. Miller is a member and owns 4.75% of Gullane Capital.  The Miller Family Trust dated December 23, 2020, owns 4.75% of Gullane Capital.  The Trip Miller Family Trust Dated June 4, 2021, owns 4.75% of Gullane Capital.  Gullane Capital filed its initial application to become registered as an investment adviser in May 2021, which was accepted on July 1, 2021. Introduction The investment advisory services of Gullane Capital are provided to you through an appropriately licensed individual who is an investment adviser representative of Gullane Capital (referred to as your investment adviser representative throughout this brochure). Description of Advisory Services The following are descriptions of the primary advisory services of Gullane Capital. Please understand that a written agreement, which details the exact terms of the service, must be signed by you and Gullane Capital before we can provide you with the services described below. Private Fund Management Services Gullane Capital provides investment advisory, management and other services to a privately offered pooled investment vehicle (also known as and referred to as a “hedge fund” or “Fund”) which is intended for investment by certain financially experienced and sophisticated investors who are (i) “accredited investors” under Rule 501(a) of Regulation D of the Securities Act of 1933, as amended (the “Securities Act”), and (ii) “qualified clients” under Rule 205-3 of the Investment Advisers Act of 1940, as amended (the “Advisers Act”). Gullane Capital provides investment advisory, management and other services to several Special-Purpose Vehicles which are private funds structured as hedge funds. The pooled investment vehicle is Gullane Capital Partners, LLC, a Delaware limited partnership. Gullane Capital is the Member Manager of the Company (the “Member Manager”) and in such a capacity is responsible for managing and making all investment decisions on behalf of the Fund. The Member Manager's duties and obligations with respect to the investment activities of Gullane Capital Partners, LLC are performed primarily by Richard A. “Trip” Miller III. The investment objective of the Fund is to make concentrated, long-term equity, fixed income, private business, or options investments using a strict value investing philosophy. The Member Manager may also utilize qualifying short investments. In order to minimize the risk of permanent capital loss the Member Manager uses the following methodology: (i) to invest in companies whose core economics and future prospects are fully understood by the Member Manager, (ii) to invest in companies whose Gullane Capital, LLC Page 6 Form ADV Part 2A Firm Brochure management is believed by the Member Manager to be capable and trustworthy, (iii) to invest in companies that have permanent competitive strategic advantages that allow them to earn a high return on equity for an extended period of time and (iv) to invest in
companies the Member Manager believes are trading at a significant discount of conservative appraised value or less. Limits Advice to Certain Types of Investments Gullane Capital provides investment advice on the following types of investments:  Securities Properly Exempted from Registration  Hedge Funds Although we generally provide advice only on the products previously listed, we reserve the right to offer advice on any investment product that may be suitable for each client’s specific circumstances, needs, goals and objectives. It is not our typical investment strategy to attempt to time the market, but we may increase cash holdings modestly as deemed appropriate based on risk tolerance and our expectations of market behavior. We may modify our investment strategy to accommodate special situations such as low basis stock, stock options, legacy holdings, closely held businesses or special tax situations. (Please refer to Item 8 – Methods of Analysis, Investment Strategies and Risk of Loss for more information.) Tailored Advisory Services We serve as the Member Manager to an affiliated Private Fund and Special-Purpose Vehicles (SPVs). All management and investment decisions regarding our Private Fund and SPVs are based on the individual fund objectives, strategies and policies. We are responsible for all major investment decisions including, without limitation, amending or changing an individual Private Fund’s investment objective; determining investment strategies; and establishing and implementing investment policies or limitations. Client Assets Managed by Gullane Capital As of December 31, 2023, Gullane Capital has $260,716,002 in discretionary assets under management and $0 in non-discretionary assets under management to report. Discretionary assets total derived from the third-party prepared capital statements by our Fund Administrators at Strategic Fund Services. At the time of this annual amendment, not all fund’s Dec 31, 2023, capital valuations were available to Gullane Capital or Strategic Fund Services. The following funds had Dec 31, 2023, capital valuations totaling $ 69,534,402 - Gullane Mining Partners, LLC, Gullane Mining Partners II, LLC, Gullane Mining Partners III, LLC, Gullane Digital Asset Partners, LLC and GULLANE DIGITAL ASSET PARTNERS QP, LLC. The remaining funds capital valuations reflect values as of September 30, 2023 totaling $ 191,181,600 - Gullane Technology Partners II, LLC, Gullane Technology Partners IV, LLC, Gullane Technology Partners VI, LLC, Gullane Technology Partners VI-B, LLC, Gullane Technology Partners VII, LLC, Gullane Technology Partners VII-QP, LLC, Gullane Technology Partners VII B, LLC , Gullane Technology Partners VII B QP, LLC , Gullane Technology Partners VIII, LLC, Gullane Technology Partners VIII-QP, LLC, Gullane Technology Partners IX, LLC, Gullane Technology Partners X, LLC, Gullane Technology Partners X-QP, LLC, Gullane Technology Partners, LLC, Dune Technology Partners I, LLC, Dune Technology Partners I-A, LLC, Dune Technology Partners II, LLC and Dune Technology Partners III, LLC. Gullane Capital, LLC Page 7 Form ADV Part 2A Firm Brochure An ADV amendment will be made once all 12/31/23 fund valuations are obtained.