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RIA / WealthRegistered adviserasset managerSEC registeredRAUM 100m 1b

MERCATOR PARTNERS

MERCATOR MANAGEMENT (USA) LP, CRD 318911

PRINCETON, NJ

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:8db35deb-5cd0-ef8d-ab7d-6cb9a41a286d

Data as of Mar 25, 2026 (this record's last observation) from federal regulator filings. Page built Sep 20, 2026, 3:39 AM UTC and rebuilt at most every 15 minutes.

Relationships: 8
Dated events: 3
On other graphs: 0
Observed: Mar 17, 2022 to Mar 25, 2026
10 observations

Across DFX

This entity has not been resolved onto another DFX graph by a shared identifier. A name match elsewhere would be a candidate, never an identity, and none is recorded.

Facts

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

Firm class: asset managerderivedprivate_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0
Regulatory AUM: $298MItem 5.F on the latest filing (2026-03-25); as reported, and an affiliate's assets may be counted again on its own filing
Discretionary RAUM: $298M
Private client RAUM: $0derivedItem 5.D individuals plus high net worth individuals
Private client share: 0%derivedprivate client RAUM over total RAUM
Advisors on IAPD: 0
Employees: 7
Advisory employees: 4
Offices: 1Schedule D 1.F, beyond the principal office
Accounts: 3
Private funds: 2Schedule D 7.B(1)
Custody, client assets: $298M
SEC number: 801-123730
CRD: 318911
Filings on the tape: 10
First filed: Mar 17, 2022
Latest filed: Mar 25, 2026
Organised: Limited Partnership, DE

Private funds

Schedule D 7.B(1); gross asset value as reported, never fund size; reporting ends 2024-12-31

Fund	Type	Reported GAV	As of	Owners	First reported	Status	Form D file
MERCATOR CONVERGENCE FUND, LP	Hedge Fund	$240M	Jun 25, 2024	2	Aug 12, 2022	reported	021-447275
SMID ENERGY TRANSITION FUND LP	Hedge Fund	$38.4M	Jun 25, 2024	3	Aug 12, 2022	reported	n/a
MERCATOR CONVERGENCE (ONSHORE) FUND LP	Hedge Fund	$29.7M	Mar 17, 2022	6	Mar 17, 2022	dropped	n/a

Owners and control persons

Schedule A and B as filed; ownership codes are the form's bands (NA under 5%, A 5 to 10%, B 10 to 25%, C 25 to 50%, D 50 to 75%, E over 75%); people are listed as filed and never merged by name

Owner	Title	Ownership code	Control person	Acquired	First seen	Last seen
FRANSSON, MARTIN	HEAD OF PRIMARY RESEARCH, LIMITED PARTNER	C	yes	01/2019	Mar 17, 2022	Jun 25, 2024
HOBART, SCOTT, ROBERT	MANAGING MEMBER	E	yes	01/2019	Mar 17, 2022	Jun 25, 2024
HOBART, SCOTT, ROBERT	CHIEF INVESTMENT OFFICER, LIMITED PARTNER	D	yes	01/2019	Mar 17, 2022	Jun 25, 2024
KUS, RYAN, JOSEPH	CHIEF COMPLIANCE OFFICER & CHIEF OPERATING OFFICER, LIMITED PARTNER	B	yes	08/2022	Aug 12, 2022	Jun 25, 2024
WARRAYURE LLC	GENERAL PARTNER	Na	yes	01/2019	May 8, 2024	Jun 25, 2024

Affiliates (Item 7.A)

as filed on Item 7.A; a related person with a CRD on the graph links to its own page

Related person	Type	Class on the graph	Its RAUM	Control	Common control	State
MERCATOR CONVERGENCE GP LLC	n/a	n/a	n/a	N	yes	n/a

Regulatory AUM by fiscal year

annual amendments (and the roster's annual snapshot) as filed; where a year was amended twice the later filing draws the line

Fiscal year	Filed	RAUM	Discretionary	Employees	Advisory staff	Offices	Private funds	Fund GAV
2025	Mar 25, 2026	$298M	$298M	7	4	1	2	n/a
2024	Apr 16, 2025	$279M	$279M	6	4	0	2	n/a
2023	Mar 27, 2024	$278M	$278M	6	4	0	2	$278M
2022	Mar 30, 2023	$222M	$222M	5	5	0	2	$222M

Growth

derived from consecutive annual filings; RAUM as reported

Latest fiscal year	RAUM	A year earlier	1y change	Three years earlier	3y CAGR	Employees	A year earlier	Offices	A year earlier
2025	$298M	$279M	6.7%	$222M	10.2%	7	6	1	0

Relationships

Advises (3)

→ SMID ENERGY TRANSITION FUND LPPrivate fundHedge Fund, IA
Aug 12, 2022 to presentfactForm ADV
→ MERCATOR CONVERGENCE FUND, LPPrivate fundHedge Fund, IA
Aug 12, 2022 to presentfactForm ADV
→ MERCATOR CONVERGENCE (ONSHORE) FUND LPPrivate fundHedge Fund, IA, no longer reported
Mar 17, 2022 to Mar 17, 2022factForm ADV

Controls (4)

← KUS, RYAN, JOSEPHOwnerCHIEF COMPLIANCE OFFICER & CHIEF OPERATING OFFICER, LIMITED PARTNER, ownership code B, individual
Aug 12, 2022 to Jun 25, 2024factForm ADV
← HOBART, SCOTT, ROBERTOwnerMANAGING MEMBER, ownership code E, individual
Mar 17, 2022 to Jun 25, 2024factForm ADV
← FRANSSON, MARTINOwnerHEAD OF PRIMARY RESEARCH, LIMITED PARTNER, ownership code C, individual
Mar 17, 2022 to Jun 25, 2024factForm ADV
← WARRAYURE LLCOwnerGENERAL PARTNER, ownership code NA, domestic entity
May 8, 2024 to Jun 25, 2024factForm ADV

Dated events

Occurred
Jun 25, 2024
Control person left
Charles Matthew Cross (Analyst, Limited Partner) no longer on Schedule A of Mercator Partners (listed 2024-05-08, absent 2024-06-25)
Form ADVobserved 5 days ago
Occurred
Aug 12, 2022
Control person joined
Joseph Ryan Kus (Chief Compliance Officer & Chief Operating Officer) appeared on Schedule A of Mercator Partners
Form ADVobserved 5 days ago
Occurred
Mar 17, 2022
First Form ADV filing
Mercator Management (Usa) Lp filed its initial SEC registration (Form ADV)
Form ADVobserved 5 days ago

Provenance

Graph: RIA / Wealth Management
Canonical id: dfx:ria:8db35deb-5cd0-ef8d-ab7d-6cb9a41a286d
First observed: Mar 17, 2022
Last observed: Mar 25, 2026 5 months ago
Source families: Federal regulator filings
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.

MERCATOR PARTNERS

MERCATOR MANAGEMENT (USA) LP, CRD 318911

PRINCETON, NJ

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:8db35deb-5cd0-ef8d-ab7d-6cb9a41a286d

Data as of Mar 25, 2026 (this record's last observation) from federal regulator filings. Page built Sep 20, 2026, 3:39 AM UTC and rebuilt at most every 15 minutes.

Fund

Type

Reported GAV

As of

Owners

First reported

Status

Form D file

MERCATOR CONVERGENCE FUND, LP

Hedge Fund

$240M

Jun 25, 2024

Aug 12, 2022

reported

021-447275

SMID ENERGY TRANSITION FUND LP

Hedge Fund

$38.4M

Jun 25, 2024

Aug 12, 2022

reported

n/a

MERCATOR CONVERGENCE (ONSHORE) FUND LP

Hedge Fund

$29.7M

Mar 17, 2022

dropped

n/a

Owner

Title

Ownership code

Control person

Acquired

First seen

Last seen

FRANSSON, MARTIN

HEAD OF PRIMARY RESEARCH, LIMITED PARTNER

yes

01/2019

Mar 17, 2022

Jun 25, 2024

HOBART, SCOTT, ROBERT

MANAGING MEMBER

yes

01/2019

Mar 17, 2022

Jun 25, 2024

HOBART, SCOTT, ROBERT

CHIEF INVESTMENT OFFICER, LIMITED PARTNER

yes

01/2019

Mar 17, 2022

Jun 25, 2024

KUS, RYAN, JOSEPH

CHIEF COMPLIANCE OFFICER & CHIEF OPERATING OFFICER, LIMITED PARTNER

yes

08/2022

Aug 12, 2022

Jun 25, 2024

WARRAYURE LLC

GENERAL PARTNER

yes

01/2019

May 8, 2024

Jun 25, 2024

Related person

Type

Class on the graph

Its RAUM

Control

Common control

State

MERCATOR CONVERGENCE GP LLC

n/a

yes

n/a

Fiscal year

Filed

RAUM

Discretionary

Employees

Advisory staff

Offices

Private funds

Fund GAV

2025

Mar 25, 2026

$298M

n/a

2024

Apr 16, 2025

$279M

n/a

2023

Mar 27, 2024

$278M

2022

Mar 30, 2023

$222M

Latest fiscal year

RAUM

A year earlier

1y change

Three years earlier

3y CAGR

Employees

A year earlier

Offices

A year earlier

2025

$298M

$279M

6.7%

$222M

10.2%