Karmel Capital Management provides portfolio management for pooled vehicles. The firm advises 9 private funds.
Karmel Capital Management reports 11 pooled investment vehicles. These counts refer to investment vehicles, rather than the individual investors in them. Of its assets, 55.7% ($354M across 9 accounts) are managed with discretion; $282M across 2 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Pooled investment vehicles | 100% | 100% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Pooled investment vehicles | 11 | $636M | 100.0% | $57.8M |
| Total | 11 | $636M | 100% | $57.8M |
- Clients
- 11
- Regulatory AUM
- $636M
- AUM share
- 100.0%
- Avg. per client
- $57.8M
Total
- Clients
- 11
- Regulatory AUM
- $636M
- AUM share
- 100%
- Avg. per client
- $57.8M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 9
Karmel Capital Management is paid through a percentage of assets under management and performance-based fees; its fees and minimums are set out in its brochures on the SEC website.
Brailean Family Trust Dated November 12, 2002, As Amended owns 25% to 50% of Karmel Capital Management and is in turn owned by James Brailean (75% or more). It has 8 employees.
Leadership
- James BraileanManager and Officer
- Christian BuckleyCCO and GC
- Antolin GarzaPartner
- Scott NeubergerManager and Officer
Staff
- 8 employees
- 8 in advisory functions
- 2 soliciting firms
- Owns 25% to 50% of Karmel Capital Management LLC
Brailean Family Trust Dated November 12, 2002, As Amended
Control person · since March 2020
- Owns 75% or more of Brailean Family Trust Dated November 12, 2002, As Amended
James Brailean
Control person · since November 2002
- Owns 25% to 50% of Karmel Capital Management LLC
Neuberger Family Trust Dated May 20, 2015
Control person · since March 2020
- Owns 75% or more of Neuberger Family Trust Dated May 20, 2015
Scott Neuberger
Control person · since May 2015
- Owns 10% to 25% of Karmel Capital Management LLC
Geosam Capital US LLC
since June 2021
- Owns 75% or more of Geosam Capital US LLC
Geosam Capital Holdings Ulc
Control person · since June 2021
- Owns 75% or more of Geosam Capital Holdings Ulc
G2S2 Capital Inc.
Control person · since June 2021
- Owns 75% or more of Geosam Capital US LLC
George Armoyan
Control person · since June 2021
Karmel Capital Management’s regulatory assets grew 4.1× from $155M (June 2022) to $636M (July 2026); clients rose from 4 to 11 and employees from 6 to 8.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| July 2026 | $636M | 11 | 8 | 1 |
| June 2025 | $170M | 6 | 8 | 1 |
| June 2022 | $155M | 4 | 6 | 1 |
Besides its headquarters, Karmel Capital Management has 0 offices, with 1 listed address in California.
California · 1 listed address
- 512 Via De La Valle, Suite 207, Solana BeachHQ
Contact and registration details
- Legal name
- Karmel Capital Management LLC
- Headquarters
- 512 Via De La Valle, Suite 207, Solana Beach, CA 92075
- Website
- karmelcapital.com
- Phone
- 858-208-3636
- @karmel-capital
- SEC file
- 801-132661
- Structure
- Delaware LLC
- Fiscal year end
- December
Karmel Capital Management has custody of $47.4M in client assets for 4 clients.
How many clients does Karmel Capital Management have?
Karmel Capital Management has 11 clients and manages $636 million for them, as of July 2026. They include 11 pooled investment vehicles.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 17 July 2026
What services does Karmel Capital Management offer?
Karmel Capital Management provides portfolio management for pooled vehicles.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How many financial advisors does Karmel Capital Management have?
Karmel Capital Management has 0 investment adviser representatives registered with state securities authorities, out of 8 employees, and 8 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
Who owns Karmel Capital Management?
Karmel Capital Management is owned through trusts and a chain of holding companies by G2S2 Capital Inc., George Armoyan, James Brailean and Scott Neuberger. Its direct owners are Brailean Family Trust Dated November 12, 2002, As Amended, Neuberger Family Trust Dated May 20, 2015 and Geosam Capital US LLC, each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 17 July 2026
How does Karmel Capital Management get paid?
Karmel Capital Management is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Karmel Capital Management?
Karmel Capital Management’s main office is at 512 Via De La Valle, Suite 207, Solana Beach, CA 92075. Its phone number is 858-208-3636. Its website is karmelcapital.com.