DFX Intelligence

Data Factory

Private equityFirmcandidate pe · candidatelower middle market

Merced Capital, L.P.

Private Equity

Minnetonka, MN

Three decades of innovative investing

This is the graph view. The full profile, with its team, deals and sources, is on Private Equity.Open the full profile →

Search this name across graphsid dfx:pe:5610cfc4-b423-48e9-9c3e-140906da17ea

Data as of Sep 17, 2026 (this record's last observation) from federal regulator filings, firm and issuer disclosures. Page built Sep 19, 2026, 8:39 AM UTC and rebuilt at most every 15 minutes.

Relationships: 21
Dated events: 26
On other graphs: 4
Observed: Sep 13, 2026 to Sep 17, 2026
27 observations

Across DFX

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

Independent Sponsorsidentity

Merced Capital, L.P.

Capital provider to sponsors · cited, shared crd

RIA / Wealth Managementidentity

MERCED CAPITAL, L.P.

Registered adviser · cited, shared crd

Allocatorsidentity

Merced Capital, L.P.

Manager with allocator commitments · cited, shared crd

Real Estate Fundsidentity

Merced Capital, L.P.

Real estate fund manager · cited, shared crd

Facts

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

Funds: 11
PE funds: 6
Vintages: 2013 to 2023
PE GAV, 2024 filing: $442Mgross asset value on Form ADV; never dry powder
Regulatory AUM: $636M
Investments: 0
Active investments: 0
Size band: LOWER MIDDLE MARKETderivedproxy: $0.44bn Private Equity Fund GAV on the Form ADV filed 2024-06-04
Latest ADV filing: Jun 4, 2024
Employees (ADV): 13
Website: mercedcapital.com

Funds

Fund	Vintage	Lifecycle	ADV type	Form D sold	GAV	LPs
Merced Real Estate Partners II, L.P.	2023	Early deployment	Real Estate Fund	n/a	$59.3M	0
Merced Non-Operated Resources, L.P	2023	Early deployment	Private Equity Fund	n/a	$31.1M	0
Merced Real Estate Partners I, L.P.	2018	Harvest	Real Estate Fund	n/a	$25.4M	0
AGH Acquisition Partners, LLC	2018	Unknown	Private Equity Fund	n/a	$69.0M	0
Merced Partners V, L.P.	2016	Mature	Private Equity Fund	n/a	$243M	1
Merced Shipping Partners, L.P.	2014	Wound down	Private Equity Fund	n/a	$20.1M	0
Merced Partners IV, L.P.	2013	Harvest	Private Equity Fund	n/a	$98.3M	1
Merced Partners II, L.P.	n/a	Wound down	Hedge Fund	n/a	$2.3M	0
ILS Partners, L.P.	n/a	Wound down	Hedge Fund	n/a	$23.1M	0
Harrington Partners, L.P.	n/a	Wound down	Hedge Fund	n/a	$1.3M	0
Merced Partners III, L.P.	n/a	Wound down	Private Equity Fund	n/a	$0	0

LP commitments

Limited partner	Fund	Commitment	Committed	Vintage
Minnesota State Board of Investment	Merced Partners IV, L.P.	$125M	n/a	2013
Minnesota State Board of Investment	Merced Partners V, L.P.	$53.7M	n/a	2017

Relationships

Employs (9)

→ Thomas Gerard RockPersonMember
Jun 1, 2013 to presentfactForm ADV
→ Joseph Patrick McelroyPersonMember
Jan 1, 2021 to presentfactForm ADV
→ Joel W AndersonPersonMember
May 1, 2013 to presentfactForm ADV
→ David Alan EricsonPersonMember
Jun 1, 2013 to presentfactForm ADV
→ Stuart B BrownPersonMember
May 1, 2013 to presentfactForm ADV
→ Vincent Callahan VertinPersonMember
Jun 1, 2013 to presentfactForm ADV
→ Michael James FreyPersonLimited Partner
Nov 1, 1988 to Mar 28, 2024inferenceForm ADV
→ Robin Moulin RadkePersonChief Legal Officer And Chief Compliance Officer
Jan 1, 2022 to Mar 30, 2023inferenceForm ADV
→ Hendrik Jan VroegePersonMember
Jun 1, 2013 to Mar 31, 2022inferenceForm ADV

Manages (11)

→ Merced Real Estate Partners II, L.P.FundPrivate Equity Fund
Mar 30, 2023 to presentfactForm ADV
→ AGH Acquisition Partners, LLCFundHedge Fund
Jan 5, 2018 to presentfactForm ADV
→ Merced Real Estate Partners I, L.P.FundHedge Fund
May 14, 2018 to presentfactForm ADV
→ Merced Non-Operated Resources, L.PFundPrivate Equity Fund
Mar 30, 2023 to presentfactForm ADV
→ Harrington Partners, L.P.FundPrivate Equity Fund
Mar 30, 2012 to presentfactForm ADV
→ Merced Partners II, L.P.FundPrivate Equity Fund
Mar 30, 2012 to presentfactForm ADV
→ ILS Partners, L.P.FundPrivate Equity Fund
Mar 30, 2012 to presentfactForm ADV
→ Merced Partners III, L.P.FundPrivate Equity Fund
Mar 30, 2012 to presentfactForm ADV
→ Merced Partners IV, L.P.FundHedge Fund
Oct 8, 2013 to presentfactForm ADV
→ Merced Shipping Partners, L.P.FundPrivate Equity Fund
Mar 25, 2014 to presentfactForm ADV
→ Merced Partners V, L.P.FundHedge Fund
Oct 26, 2016 to presentfactForm ADV

Owns (1)

← Series E of Merced Capital Partners, LLCFirmGeneral Partner
May 1, 2013 to presentfactForm ADV

Dated events

17 bookkeeping events (roster, classification and holdings changes) folded below

Occurred
Mar 28, 2024
Person left
Michael James Frey (Limited Partner) no longer on Schedule A of Merced Capital, L.P.
Form ADVobserved 5 days ago
Occurred
Mar 30, 2023
Person left
Robin Moulin Radke (Chief Legal Officer And Chief Compliance Officer) no longer on Schedule A of Merced Capital, L.P.
Form ADVobserved 5 days ago
Occurred
Mar 31, 2022
Person left
Hendrik Jan Vroege (Member) no longer on Schedule A of Merced Capital, L.P.
Form ADVobserved 5 days ago
Occurred
Jan 1, 2022
Person joined
Robin Moulin Radke joined Schedule A of Merced Capital, L.P. as Chief Legal Officer And Chief Compliance Officer
Form ADVobserved 5 days ago
Occurred
Jan 1, 2021
Person joined
Joseph Patrick Mcelroy joined Schedule A of Merced Capital, L.P. as Member
Form ADVobserved 5 days ago
Occurred
Jun 1, 2013
Person joined
Hendrik Jan Vroege joined Schedule A of Merced Capital, L.P. as Member
Form ADVobserved 5 days ago
Occurred
Jun 1, 2013
Person joined
Vincent Callahan Vertin joined Schedule A of Merced Capital, L.P. as Member
Form ADVobserved 5 days ago
Occurred
May 1, 2013
Person joined
Stuart B Brown joined Schedule A of Merced Capital, L.P. as Member
Form ADVobserved 5 days ago
Occurred
Mar 30, 2012
Adviser first adv filing
Merced Capital, L.P. first filed Form ADV in the extract (IA)
Form ADVobserved 5 days ago

Show 17 bookkeeping events

Occurred
Mar 25, 2026
Merced Capital, L.P.: Private Equity Funds on Form ADV 4 (2024 extract) -> 3 (roster 2026-09-01)
Occurred
Mar 28, 2024
Fund 805-9269379071 no longer reported on Form ADV by Merced Capital, L.P.
Occurred
Mar 30, 2023
Merced Non-Operated Resources, L.P first reported on Form ADV by Merced Capital, L.P. (Private Equity Fund), GAV $29,156,224
Occurred
Mar 30, 2023
Merced Real Estate Partners II, L.P. first reported on Form ADV by Merced Capital, L.P. (Private Equity Fund), GAV $53,383,538
Occurred
Mar 27, 2020
Fund 805-4604698215 no longer reported on Form ADV by Merced Capital, L.P.
Occurred
Mar 27, 2020
Fund 805-2804478545 no longer reported on Form ADV by Merced Capital, L.P.
Occurred
Mar 27, 2019
Fund 805-2302097647 no longer reported on Form ADV by Merced Capital, L.P.
Occurred
Mar 27, 2019
Fund 805-7371473186 no longer reported on Form ADV by Merced Capital, L.P.
Occurred
May 14, 2018
Merced Real Estate Partners I, L.P. first reported on Form ADV by Merced Capital, L.P. (Hedge Fund), GAV $32,426,695
Occurred
Jan 5, 2018
AGH Acquisition Partners, LLC first reported on Form ADV by Merced Capital, L.P. (Hedge Fund), GAV $238,700,251
Occurred
Oct 26, 2016
Merced Partners V, L.P. first reported on Form ADV by Merced Capital, L.P. (Hedge Fund), GAV $103,655,062
Occurred
Mar 25, 2014
Merced Shipping Partners, L.P. first reported on Form ADV by Merced Capital, L.P. (Private Equity Fund), GAV $27,653,867
Occurred
Oct 8, 2013
Merced Partners IV, L.P. first reported on Form ADV by Merced Capital, L.P. (Hedge Fund), GAV $446,671,049
Occurred
Mar 30, 2012
Merced Partners II, L.P. first reported on Form ADV by Merced Capital, L.P. (Private Equity Fund), GAV $221,472,940
Occurred
Mar 30, 2012
Merced Partners III, L.P. first reported on Form ADV by Merced Capital, L.P. (Private Equity Fund), GAV $395,329,063
Occurred
Mar 30, 2012
ILS Partners, L.P. first reported on Form ADV by Merced Capital, L.P. (Private Equity Fund), GAV $95,864,056
Occurred
Mar 30, 2012
Harrington Partners, L.P. first reported on Form ADV by Merced Capital, L.P. (Private Equity Fund), GAV $140,706,202

Who to call

the organisation, the role and the published line, with the filing or website that published it; revealed to signed-in accounts

The firm's published line

Revealable: 1 business phone (Form ADV), 1 office address (Form ADV), 1 website (Form ADV) · as of 2026-09-13

Also named here, with no published line of their own (reach them through the firm): Thomas Gerard Rock (Member), Joseph Patrick Mcelroy (Member), Joel W Anderson (Member), David Alan Ericson (Member), Stuart B Brown (Member), Vincent Callahan Vertin (Member).

Who to call is the organisation, the person's role and the line they published themselves: a business phone, office address, website or profile link from Form ADV, Form 13F or their own website, with that source named on every value. The counts above are what a reveal returns; a personal email is rarely published, so most reveals are the firm's line. Never data bought from a provider, never anything personal. Reveals by plan

Provenance

Graph: Private Equity
Canonical id: dfx:pe:5610cfc4-b423-48e9-9c3e-140906da17ea
First observed: Sep 13, 2026
Last observed: Sep 17, 2026 2 days ago
Source families: Federal regulator filings, Firm and issuer disclosures
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.

Merced Capital, L.P.

Private Equity

Minnetonka, MN

Three decades of innovative investing

This is the graph view. The full profile, with its team, deals and sources, is on Private Equity.Open the full profile →

Search this name across graphsid dfx:pe:5610cfc4-b423-48e9-9c3e-140906da17ea

Data as of Sep 17, 2026 (this record's last observation) from federal regulator filings, firm and issuer disclosures. Page built Sep 19, 2026, 8:39 AM UTC and rebuilt at most every 15 minutes.

Fund

Vintage

Lifecycle

ADV type

Form D sold

GAV

LPs

Merced Real Estate Partners II, L.P.

2023

Early deployment

Real Estate Fund

n/a

$59.3M

Merced Non-Operated Resources, L.P

2023

Early deployment

Private Equity Fund

n/a

$31.1M

Merced Real Estate Partners I, L.P.

2018

Harvest

Real Estate Fund

n/a

$25.4M

AGH Acquisition Partners, LLC

2018

Unknown

Private Equity Fund

n/a

$69.0M

Merced Partners V, L.P.

2016

Mature

Private Equity Fund

n/a

$243M

Merced Shipping Partners, L.P.

2014

Wound down

Private Equity Fund

n/a

$20.1M

Merced Partners IV, L.P.

2013

Harvest

Private Equity Fund

n/a

$98.3M

Merced Partners II, L.P.

n/a

Wound down

Hedge Fund

n/a

$2.3M

ILS Partners, L.P.

n/a

Wound down

Hedge Fund

n/a

$23.1M

Harrington Partners, L.P.

n/a

Wound down

Hedge Fund

n/a

$1.3M

Merced Partners III, L.P.

n/a

Wound down

Private Equity Fund

n/a

Limited partner

Fund

Commitment

Committed

Vintage

Minnesota State Board of Investment

Merced Partners IV, L.P.

$125M

n/a

2013

Minnesota State Board of Investment

Merced Partners V, L.P.

$53.7M

n/a

2017