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

Merced Capital is a billion dollar opportunistic investment firm founded in 1988 by the team responsible for the development of Cargill's Financial Markets Department. The partner group averages nearly thirty years of experience in alternative investing and has been working together at Merced Capital for over fifteen years. The investment team seeks niche, complex, off-the-run investments. Investors include sophisticated endowments, foundations, pensions and family offices.

PRINCIPLES

proven and applied to all investments

OPPORTUNISTIC

Take advantage of "best ideas" as they arise

RIGHT-SIZED
CAPITAL

AUM consistent with opportunity set

RIGOROUS
UNDERWRITING

Proprietary analysis; team review and decision-making

FOCUS ON
RISK

Downside assessment is the starting point for all investments

DISCIPLINE

Patient deployment

NO
LEVERAGE

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

INVESTMENT PLATFORM

niche opportunities in broad sectors

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

DAVE ERICSON
managing partner
Dave has thirty-four years of experience in alternative investing, with the past nineteen years at Merced Capital, preceded by portfolio management positions at Cargill, Morgens, Waterfall, Vintiadis and Touchstone. Education: BA in International Relations from the University of Minnesota and a MBA from the University of Chicago.
STUART BROWN
partner
Stuart has thirty-three years of experience in alternative investing, with the past eighteen years at Merced Capital, preceded by analytical and portfolio management positions at Cargill, Morgens, Waterfall, Vintiadis, Touchstone, and Avenue. Education: BA in Economics and a MBA from Northwestern University.
VINCE VERTIN
partner
Vince has twenty-seven years of military and investment experience, with the past seventeen 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. Education: BS in Mathematics from the United States Naval Academy and a MS in Applied Mathematics & Business from George Washington University.
JOE McELROY
partner
Joe has thirteen years of analytical and investing experience, with the past six years at Merced Capital, preceded by analytical and investment positions at Merrill Lynch, Norwest Equity, and CarVal. Education: BA in Finance, Investment, and Banking from the University of Wisconsin and a MBA from Harvard.
MIKE SULLIVAN
partner
Mike has thirty-five years of legal and investment experience, with the past fourteen years at Merced Capital, preceded by partner and management positions at Rider, Bennett, Egan & Arundel and Intrascapes Data. Education: BS in Business Administration from Colorado College and a JD from the University of Minnesota.
TOM ROCK
partner and general counsel
Tom has thirty-three years of legal experience, with the past sixteen 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. Education: BA in English from Carleton College and a JD from Boston College.
JOEL ANDERSON
partner and chief financial officer
Joel has twenty-four years of financial experience, with the past twenty-two years at Merced Capital, preceded by an accounting position at Eagle Capital. Education: BA in Economics and a MBA from the University of Minnesota.
ERIK BENDER
partner
Erik has twenty-seven years of professional expertise, with the past seven years at Merced Capital, preceded by business development positions at Credit Agricole, Prudential Securities, HFR, and Waterstone. Education: BA in Political Science & Marketing from DePaul University.
ROBIN RADKE
associate general counsel
Robin has seventeen years of legal experience, with the past six years at Merced Capital, preceded by partner and associate positions at Oppenheimer Wolff & Donnelly. Education: BHS in Health Services Management and MBA from University of Missouri-Columbia and a JD from William Mitchell College of Law.
STEVE KAVAN
analyst
Steve has eighteen years of analytical and investing experience, the past fourteen years at Merced Capital, preceded by an audit position at Ernst & Young. Education: CFA and BSB degree in Finance and Accounting from the University of Minnesota.
BEN FISHER
analyst
Ben has eighteen years of analytical and investing experience, all at Merced Capital. Education: BA in Finance and Entrepreneurial Studies from the University of Minnesota.
ERIC WERWIE
analyst
Eric has seventeen years of analytical and investing experience, all at Merced Capital. Education: BA in Finance from University of Wisconsin.
JEFF ULRICH
quantitative analyst
Jeff has twenty-three years of analytical experience, with the past eighteen years at Merced Capital, preceded by an information technology position at MTS Technologies. Education: BA in Computer Science and Physics from the University of Minnesota and an MS in Physics from the University of Illinois.
LUKE SCHAAN
trader
Luke has nineteen years of trading and analytical experience, all at Merced Capital. Education: BSB in Finance from the University of Minnesota.

CONTACT

MAIN: MINNETONKA OFFICE

TELEPHONE:  +1-952-476-7200

ADDRESS:  601 Carlson Pkwy Suite 200, Minnetonka, MN 55305 (US)


INVESTORS: ERIK BENDER

TELEPHONE:  +1-952-476-7215

EMAIL:  erik.bender@mercedcapital.com

© 2021 Merced Capital, All Rights Reserved

|

USAGE & COPYRIGHT