Merced Capital Logo

Merced Capital is a privately-held registered investment advisor specializing in alternative investment strategies
Scroll Down

HISTORY

a legacy of value-based alternative investments

Founded in 1988, Merced Capital has raised seven lock-up funds since 2005 with aggregate committed capital of over $2.5 billion.  The firm has 41 employees in Minnetonka and London.  Seven partners average over twenty-six years of experience and have worked together for over a decade.  Eleven investment professionals average fourteen years of experience and nine years at Merced Capital.  Limited partners include endowments, foundations, state and corporate pension plans, family offices, and fund of funds.

PRINCIPLES

proven and applied to all investments

Opportunistic

OPPORTUNISTIC

Take advantage of “best ideas” as they arise

Right-Sized Capital

RIGHT-SIZED
CAPITAL

AUM consistent with opportunity set

Rigorous Underwriting

RIGOROUS
UNDERWRITING

Proprietary analysis; team review and decision-making

Focus on Risk

FOCUS ON
RISK

Downside assessment is the starting point for all investments

img12

DISCIPLINE

Patient deployment

img12

NO
LEVERAGE

Never employed at the fund level; highly selective at the investment level

INVESTMENT PLATFORM

numerous and diverse core competencies

CREDIT

Credit analysis is a fundamental skill at Merced Capital, with comprehensive experience in all facets of credit-related investing – passive, active, long, short, and arbitrage – in both public and private markets developed since the late 1980s.

INSURANCE

In the midst of the 2008 downturn, we identified several unique investment opportunities at the intersection of fundamental “tail-risk” insurance and the capital markets.

LENDING

Merced Capital has identified numerous and varied opportunities to lend money on a private one-off basis.

EQUIPMENT

Our team has meaningful knowledge and networks in three primary areas of equipment investing: aircraft, power generation, and shipping.

REAL ESTATE

The firm has been investing in real estate since the late ‘90s, moving among different sub-sectors as cycles presented new and better opportunities.

OPERATING INTERESTS

We have achieved considerable success by focusing on going concerns that have a limited number of products, predictable margins and strong management.

PARTNERS & TEAM

stable and experienced

DAVID ERICSON
managing partner
David has twenty-nine years of experience in alternative investing, with the past fifteen years at Merced Capital, preceded by portfolio management positions at Cargill, Morgens Waterfall Vintiadis, and Touchstone.  He earned a BA in International Relations from the University of Minnesota and a MBA from the University of Chicago.  David joined Merced Capital in 2001.
STUART BROWN
partner
Stuart has twenty-eight years of experience in alternative investing, with the past thirteen years at Merced Capital, preceded by analytical and portfolio management positions at Cargill, Morgens Waterfall Vintiadis, Touchstone, and Avenue.  He earned a BA in Economics and a MBA from Northwestern University.  Stuart joined Merced Capital in 2003.
VINCE VERTIN
partner
Vince has twenty-three years of military and investment experience, with the past twelve years at Merced Capital, preceded by analytical and investment banking positions at Dain Rauscher Wessels, JP Morgan, and Providence, and service as a captain in the US Marine Corps.  He earned a BS in Mathematics from the United States Naval Academy and a MS in Applied Mathematics & Business from George Washington University.  Vince joined Merced Capital in 2004.
HENDRIK VROEGE
partner
Hendrik has twenty-eight years of investment experience, with the past twelve years at Merced Capital, preceded by analytical and lending positions at Fortis.  He earned a BA in Finance from the University of Oregon and a MBA from the Rotterdam School of Management.  Hendrik joined Merced Capital in 2004.
TOM ROCK
partner and general counsel
Tom has twenty-nine years of legal experience, with the past eleven years at Merced Capital, preceded by partner and in-house counsel positions at Rider, Bennett, Egan & Arundel, Oppenheimer Wolff & Donnelly, Smarte Carte, and GE Capital.  He earned a BA in English from Carleton College and a JD from Boston College.  Tom joined Merced Capital in 2005.
JOEL ANDERSON
partner and chief financial officer
Joel has nineteen years of financial experience, with the past eighteen years at Merced Capital, preceded by an accounting position at Eagle Capital.  He earned a BA in Economics and a MBA from the University of Minnesota.  Joel joined Merced Capital in 1998.
MIKE SULLIVAN
partner
Mike has thirty years of legal and investment experience, with the past ten years at Merced Capital, preceded by partner and management positions at Rider, Bennett, Egan & Arundel and Intrascapes Data.  He earned a BS in Business Administration from Colorado College and a JD from the University of Minnesota.  Mike joined Merced Capital in 2007.
ANDREW PLATT
managing director
Andrew has twenty-two years of investment experience, with the past six years at Merced Capital, preceded by analytical and business development positions at GE Asset Management, GE Equity, and Norwest Equity.  He earned and a BA in Political Science from the University of Wisconsin and a MBA from Duke University.  Andrew joined Merced Capital in 2010.
DAVE DUBACK
managing director
Dave has seventeen years of alternative investing experience, with the past two years at Merced Capital, preceded by analytical and trading positions at Goldman Sachs, Morgan Stanley, Stark, and Waterstone.  He earned a BA in History & Political Science from University of Wisconsin and a MBA from New York University.  Dave joined Merced Capital in 2014.
ERIK BENDER
managing director
Erik has twenty-two years of professional expertise, with the past two years at Merced Capital, preceded by business development positions at Credit Agricole, Prudential Securities, HFR, and Waterstone.  He earned a BA in Political Science & Marketing from DePaul University.  Erik joined Merced Capital in 2014.
ROBIN RADKE
associate general counsel
Robin has thirteen years of legal experience, with the past two years at Merced Capital, preceded by partner and associate positions at Oppenheimer Wolff & Donnelly.  She earned a BHS in Health Services Management and MBA from University of Missouri-Columbia and a JD from William Mitchell College of Law. Robin joined Merced Capital in 2014.
LUKE SCHAAN
investment team
Luke has fourteen years of trading and analytical experience, all at Merced Capital.  He earned a BSB in Finance from the University of Minnesota.  Luke joined Merced Capital in 2002.
JEFF ULRICH
investment team
Jeff has nineteen years of analytical experience, with the past fourteen years at Merced Capital, preceded by an information technology position at MTS Technologies.  He earned a BA in Computer Science and Physics from the University of Minnesota and an MS in Physics from the University of Illinois.  Jeff joined Merced Capital in 2002.
BEN FISHER
investment team
Ben has thirteen years of analytical and investing experience, all at Merced Capital.  He earned a BA in Finance and Entrepreneurial Studies from the University of Minnesota.  Ben joined Merced Capital in 2003.
ERIC WERWIE
investment team
Eric has twelve years of analytical and investing experience, all at Merced Capital.  He earned a BA in Finance from University of Wisconsin.  Eric joined Merced Capital in 2004.
STEVE KAVAN
investment team
Steve has fourteen years of analytical and investing experience, with the past ten years at Merced Capital, preceded by an audit position at Ernst & Young.  He is a CFA and earned a BSB degree in Finance and Accounting from the University of Minnesota.  Steve joined Merced Capital in 2007.
ERIK TROOIEN
investment team
Erik has twelve years of analytical and investing experience, with the past nine years at Merced Capital, preceded by analytical positions at LaSalle Bank and Piper Jaffray.  He is a CFA and earned a BSBA in Finance and International Business from Washington University.  Erik joined Merced Capital in 2007.
NATE REISKE
investment team
Nate has thirteen years of analytical and investing experience, with the past nine years at Merced Capital, preceded by analytical positions at Lazard Middle Market and Jeffery Slocum.  He received a BS in Finance and International Business from Drake University.  Nate joined Merced Capital in 2008.
PHILIP SBROCCHI
investment team
Philip has seven years of analytical and investing experience, with the past five years at Merced Capital, preceded by an analytical position at Houlihan Lokey.  He earned a BA in Finance from Loyola University of Chicago.  Philip joined Merced Capital in 2011.
JOE McELROY
investment team
Joe has eight years of analytical and investing experience, with the past year at Merced Capital, preceded by analytical and investment positions at Merrill Lynch, Norwest Equity, and CarVal.  He earned a BA in Finance, Investment, and Banking from the University of Wisconsin and a MBA from Harvard.  Joe joined Merced Capital in 2015.

CONTACTS

ERIK BENDER

TELEPHONE: +1 952 476 7215

EMAIL: erik.bender@mercedcapital.com

601 Carlson Parkway, Suite 200 | Minnetonka, MN 55305 (US)




For European Investments:

ANDREW PLATT

TELEPHONE: +44 (0)20 7016 9672

EMAIL: andrew.platt@mercedcapital.com

1 Berkeley Street | London W1J 8DJ (UK)

© 2016 Merced Capital, All Rights Reserved

|

USAGE & COPYRIGHT