Karmel Capital Management Llc
- Regulatory AUM
- $636M
- Discretionary
- $354M
- Clients
- 11
- Avg AUM / client
- $57.8M
- Accounts
- 11
- Employees
- 8
AUM over time
Reported AUM from Form ADV filings, plotted by filing date · as of Jul 17, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 11 | $636M | 100.0% |
Private funds (4)
Reported in Form ADV Section 7.B.(1), filing of Jan 2024 · $137M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Ff Iii Lp | Private Equity Fund | Delaware | $104M | 100 |
| Karmel Capital Founders Fund Ii Lp | Private Equity Fund | Delaware | $11.2M | 68 |
| Karmel Capital Sof Lp | Private Equity Fund | Delaware | $11.0M | 47 |
| Karmel Sof Spv Lp | Private Equity Fund | Delaware | $10.3M | 22 |
People (4)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Brailean, James, Charles | Manager And Officer | Mar 2020 (6y) | Less than 5% | |
| Buckley, Christian, Checkley | Cco, General Counsel, & Coo | Mar 2020 (6y) | Less than 5% | |
| Neuberger, Scott, Lawrence | Manager And Officer | Mar 2020 (6y) | Less than 5% | |
| Armoyan, George, S. | Manager | Jun 2021 (5y) | GP / trustee / elected manager of Geosam Capital Us Llc (indirect) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Brailean Family Trust Dated November 12, 2002, As Amended | Owner And Member | Mar 2020 | A | 25% – 50% |
| Neuberger Family Trust Dated May 20, 2015 | Owner And Member | Mar 2020 | A | 25% – 50% |
| Geosam Capital Us Llc | Owner And Member | Jun 2021 | A | 10% – 25% |
| Geosam Capital Holdings Ulc | Member | Jun 2021 | B | ≈ 7.5% – 25% via Geosam Capital Us Llc |
| G2 S2 Capital Inc. | Shareholder | Jun 2021 | B | ≈ 5.63% – 25% via Geosam Capital Holdings Ulc |
Undisclosed: 0% – 40% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Geosam Capital Holdings Ulc: 75% – 100% of Geosam Capital Us Llc × 10% – 25% direct ≈ 7.5% – 25% of the firm
- G2 S2 Capital Inc.: 75% – 100% of Geosam Capital Holdings Ulc × 75% – 100% of Geosam Capital Us Llc × 10% – 25% direct ≈ 5.63% – 25% 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 (4, $137M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Ff Iii Lp | Private Equity Fund | $104M | $250K | 100 |
| Karmel Capital Founders Fund Ii Lp | Private Equity Fund | $11.2M | $50.0K | 68 |
| Karmel Capital Sof Lp | Private Equity Fund | $11.0M | $50.0K | 47 |
| Karmel Sof Spv Lp | Private Equity Fund | $10.3M | $50.0K | 22 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 07/17/2026 | 3.72 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
Allegations: FAILURE TO TIMELY FILE TENNESSEE BLUE SKY NOTICE AND RELATED. Status: Final Sanction Detail: NONE Summary: KARMEL CAPITAL MANAGEMENT LLC ("KCM") SERVES AS THE INVESTMENT ADVISER FOR KARMEL CAPITAL FOUNDERS FUND II, LP ("FFII"). KARMEL CAPITAL LLC ("KCLLC") IS THE GENERAL PARTNER OF FFII AND SERVED AS THE INVESTMENT ADVISER FOR FFII UNTIL KCM REPLACED KCLLC. KCM IS PARTIALLY OWNED OR INDIRECTLY OWNED BY SCOTT NEUBERGER AND JAMES BRAILEAN. KCLLC IS WHOLLY OWNED OR INDIRECTLY OWNED BY SCOTT NEUBERGER AND JAMES BRAILEAN. IN OCTOBER 2018, FFII SOLD LIMITED PARTNER INTERESTS TO AN INVESTOR LOCATED IN TENNESSEE (THE "TN SECURITIES TRANSACTION"). IN JANUARY 2019, FFII MADE A "BLUE SKY" FILING WITH THE STATE OF TENNESSEE (THE "STATE"). HOWEVER, THE BLUE SKY FILING WAS NOT FILED IN A TIMELY MANNER. DUE TO THE LATE BLUE SKY FILING AND OTHER CONCERNS EXPRESSED BY THE STATE EXAMINER REGARDING THE TN SECURITIES TRANSACTION, THE STATE PROPOSED THAT FFII ENTER INTO A CONSENT ORDER, WHICH ASSESSED A $500 CIVIL PENALTY (THE "CONSENT ORDER"), AND FILE AN "ACCREDITED INVESTOR EXEMPTION," PURSUANT TO TENN. CODE ANN. § 48-1-103(B)(13), WITH RESPECT TO THE TN SECURITIES TRANSACTION AS AN ALTERNATIVE TO THE ORIGINAL LATE BLUE SKY FILING. WHILE FFII DISAGREED WITH SEVERAL OF THE CONSENT ORDER'S FINDINGS OF FACT AND CONCLUSIONS OF LAW, TO RESOLVE THE ISSUE IN AN EFFICIENT MANNER, FFII AGREED TO THE CONSENT ORDER, PAID THE $500 PENALTY AND FILED THE "ACCREDITED INVESTOR EXEMPTION." THE CONSENT ORDER REPRESENTS THE COMPLETE AND FINAL RESOLUTION OF, AND DISCHARGE OF ALL ADMINISTRATIVE AND CIVIL CLAIMS, DEMANDS, ACTIONS, AND CAUSES OF ACTION BY THE COMMISSIONER OF THE TENNESSEE DEPARTMENT OF COMMERCE AND INSURANCE AGAINST FFII FOR VIOLATIONS WITH RESPECT TO THE TN SECURITIES TRANSACTION. ALTHOUGH FFII IS NOT TECHNICALLY AN ADVISORY AFFILIATE OF KCM, OUT OF AN ABUNDANCE OF CAUTION, A DRP REGARDING FFII'S CONSENT ORDER IS BEING INCLUDED WITH THIS FILING. NONE OF KCM, KCLLC, MR. NEUBERGER OR MR. BRAILEAN, OR ANY OTHER EMPLOYEE OF KCM OR KCLLC WAS A PARTY TO THE CONSENT ORDER OR SUBJECT TO ANY INVESTIGATION OR SANCTION RELATING TO THE TN SECURITIES TRANSACTION.
Disclosure text reproduced verbatim from the firm's own Form ADV filings.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for pooled investment vehicles
Custody
Firm reports having 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: Jul 17, 2026.
View current Form ADV (SEC/IAPD) ↗