Merced Capital, L.P.
● SEC registered since 2006CRD 137228SEC# 801-65966Minnetonka, MN
Ranks #4,835 of 6,030 private fund managers by regulatory AUM.
Reg. AUM
$251.2M
Fund GAV
$251.2M
Private funds
6
Employees
5
Accounts
7
Location
Minnetonka, MN
Merced Capital, L.P. assets under management
Merced Capital, L.P. is an SEC-registered investment adviser based in Minnetonka, MN. The firm has been registered since 2006. It reports $251.2 million in regulatory assets under management and employs 5 people. Merced Capital, L.P. manages 6 private funds with combined gross assets of $251.2 million, including Merced Real Estate Partners II, L.P. By regulatory assets, it ranks 4,835 of 6,030 private fund managers.
Merced Capital, L.P. private funds
6 funds · $251.2M GAV| Fund | Type | Gross assets | Min. |
|---|---|---|---|
| Merced Real Estate Partners II, L.P. | Real Estate | $64.3M | $1.1M |
| Agh Acquisition Partners, LLC | Private Equity | $56.1M | — |
| Merced Partners Limited Partnership | Hedge | $54.5M | $1M |
| Merced Partners V, L.P. | Private Equity | $49.2M | $5M |
| Merced Partners IV, L.P. | Private Equity | $25M | $5M |
| Merced Real Estate Partners I, L.P. | Real Estate | $2M | $5M |
Merced Capital, L.P. owners & executives
12 reported| Name | Title | Ownership | Since |
|---|---|---|---|
| Burntside Capital, Inc. Control | Limited Partner | 25-50% | 2013 |
| Joel William Anderson Control | Chief Compliance Officer And Chief Financial Officer | Under 5% | 2025 |
| Joseph Patrick McElroy Control | Managing Director | Under 5% | 2021 |
| Jpm Merced Investments, Inc. Control | Limited Partner | 25-50% | 2021 |
| Michael James Frey | Limited Partner | 10-25% | 1988 |
| Series e of Merced Capital Partners, LLC Control | General Partner | Under 5% | 2013 |
| David Alan Ericson Control | Manager | — | 2013 |
| Joseph Patrick McElroy Control | Manager | — | 2021 |
| Joseph Patrick McElroy Control | Owner | Over 75% | 2018 |
| Stuart Bradley Brown Control | Manager | — | 2013 |
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Join to unlock · $37/moFrequently asked questions
How much does Merced Capital, L.P. manage?
Merced Capital, L.P. reports $251.2 million in regulatory assets under management on its Form ADV.
How many private funds does Merced Capital, L.P. manage?
Merced Capital, L.P. manages 6 private funds with combined gross assets of $251.2 million.
How many employees does Merced Capital, L.P. have?
Merced Capital, L.P. reports 5 employees.
Where is Merced Capital, L.P. located?
Merced Capital, L.P. is based in Minnetonka, MN and has been SEC-registered since 2006.
Does Merced Capital, L.P. disclose fund performance?
Merced Capital, L.P. is not required to publicly disclose fund returns. Form ADV filings include assets, ownership, and service providers, shown above.
Contact & registration
| Address | 701 Carlson Parkway, Suite 1110, Minnetonka, MN 55305 |
| Phone | 952-476-7200 |
| Fax | 952-476-7201 |
| Office hours | 09:00 To 17:00 |
| SEC region | Chicago Regional Office (CHRO) |
| Discloses disciplinary history | No |
Regulatory AUM
$251.2M▼ 43%
Mar '25Form ADV, monthlyJul '26
How this firm compares
Regulatory AUMTop 68%
Larger than 32% of 16,306 advisers
AUM vs fund managersTop 80%
Larger than 20% of 6,030 private-fund managers
Number of fundsTop 36%
More funds than 64% of fund managers
EmployeesTop 62%
More than 38% of 16,824 advisers
Assets under management
$251.2Mregulatory AUM
Discretionary $251.2M
Fund type mix
Private Equity3
Real Estate2
Hedge1
Service providers
Auditor
Prime broker
Custodian
Administrator