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

a legacy of value-based alternative investments

Merced Capital is an opportunistic investment firm founded in 1988 by the team responsible for the development of Cargill's Financial Markets Department. The team averages nearly thirty years of experience in alternative investing and has been working together at Merced Capital for over fifteen years. The team seeks niche, complex, off-the-run investments.

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

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.

TEAM

stable and experienced

VINCE VERTIN
managing partner
Vince has twenty-nine years of military and investment experience, with the past eighteen 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 fourteen years of analytical and investing experience, with the past seven 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 University.
STUART BROWN
partner
Stuart has thirty-four years of alternative investing experience, with the past nineteen 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.
DAVE ERICSON
partner
Dave has thirty-five years of alternative investing experience, with the past twenty-one 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.
MIKE SULLIVAN
partner
Mike has thirty-six years of legal and investment experience, with the past sixteen 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.
JOEL ANDERSON
partner and chief financial officer
Joel has twenty-five years of financial experience, with the past twenty-four years at Merced Capital, preceded by an accounting position at Eagle Capital. Education: BA in Economics and a MBA from the University of Minnesota.
ROBIN RADKE
general counsel
Robin has nineteen years of legal experience, with the past eight years at Merced Capital, preceded by partner and associate positions at Oppenheimer Wolff & Donnelly. Education: BHS in Health Services Management and MBA from the University of Missouri-Columbia and a JD from William Mitchell College of Law.
BEN FISHER
analyst
Ben has nineteen 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 eighteen years of analytical and investing experience, all at Merced Capital. Education: BA in Finance from the University of Wisconsin.
JEFF ULRICH
quantitative analyst
Jeff has twenty-five years of analytical experience, with the past twenty 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 twenty-one years of trading and analytical experience, all at Merced Capital. Education: BSB in Finance from the University of Minnesota.
MATT CRANDELL
director of FP&A / innovation
Matt has ten years of professional experience, with less than a year at Merced Capital, preceded by FP&A and analytical positions at Guardian RFID, Medtronic, Riverbridge Partners and Fiat Chrysler Automobiles (FCA). Education: BA in Finance from Michigan State University and a MBA from the University of St. Thomas.
JACK LEICK
programmer and systems analyst
Jack has five years of technical experience, with the past three years at Merced Capital. Education: BS in Computational Mathematics from the University of Minnesota.
MATT CHRISTIAN
head of IT
Matt has twenty-two years of technical experience, all at Merced Capital. Education: BS in Computer Science from the University of Minnesota.
JODI SIE
controller
Jodi has twenty-two years of accounting experience, all at Merced Capital. Education: BA in Economics and Management from the University of Minnesota.
AMY SUNDELL
accounts payable and executive assistant
Amy has thirty-two years of professional experience, with the past fifteen years at Merced Capital, preceded by seventeen years working in the real estate/mortgage industry. Education: BS from Augsburg University.

CONTACT

MAIN: MINNETONKA OFFICE

TELEPHONE:  +1-952-476-7200

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


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