# MacNeil Capital Management

MacNeil Capital Management is an Asset Manager based in Chicago, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Chicago, United States
- **Region:** North America
- **Address:** Chicago, IL, United States
- **Founded:** 1979
- **Assets under management:** Undisclosed
- **Website:** macneilcapital.com

## Regulatory record

- **CRD number:** 130246
- **Registration status:** Registered
- **Latest Form ADV filing:** 2026-03-18T00:00:00.000Z
- **Reports private funds:** No
- **Private funds reported:** 0
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/130246

## About

MACNEIL CAPITAL MANAGEMENT is a state-registered investment adviser with $48 million in regulatory assets under management. The firm has 1 employee and 1 investment adviser. It operates with a single investment team.

## Sectors

- Value Equity
- Real Estate

## People

- Robert MacNeil — Founder and President

## Questions

### Who runs investment decisions at MacNeil Capital Management?

Founder and President Robert MacNeil directs all investment decisions. He established the firm in 1979 and remains the sole named principal in public filings and corporate records.

### What asset classes does MacNeil Capital Management invest in?

The firm concentrates on deeply discounted micro-cap equities, pharmaceutical royalty trusts, and real estate acquired through tax-lien foreclosures and bankruptcy auctions. Public records identify timber holdings in North Carolina and a Delaware-incorporated pharma royalty entity, reflecting an approach that rarely overlaps with institutional benchmarks.

### How does the firm source its investment ideas?

Sourcing relies on monitoring bankruptcy court dockets, SEC deregistration filings, corporate trust liquidations, and county tax-lien sale notices — channels that fall outside the broker-dealer research most funds depend on. Positions often involve securities that have been orphaned by forced index deletions or institutional mandate screens.

### What investment approach distinguishes MacNeil's strategy from other value investors?

MacNeil applies a liquidation-value discipline to illiquid claim types — pharmaceutical royalty rights and tax-repossessed land — rather than standard operating companies. The permanent-capital structure removes the pressure to liquidate positions before post-reorganization catalysts materialize, a constraint that historically limits distressed-value strategies within drawdown fund formats.

## Related profiles

- [Pearson Financial Services](https://altss.com/profile/pearson-financial-services)
- [Houben Planning Associates](https://altss.com/profile/houben-planning-associates-inc)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/macneil-capital-management

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