MERCED CAPITAL, L.P.
MERCED CAPITAL, L.P. is a Seed, distressed and special-situations fund in the US writing $5M–$50M checks into Climate, Enterprise, credit, insurance, lending, equipment-financing, real-estate, media-and-information-services, office-supplies, telecommunications, travel-tech, b2b-e-commerce and optical-telecommunications.
- Stages
- Seed, distressed, special-situations
- Sectors
- Climate, Enterprise, credit, insurance, lending, equipment-financing, real-estate, media-and-information-services, office-supplies, telecommunications, travel-tech, b2b-e-commerce, optical-telecommunications
- Check size
- $5M–$50M
- Invests in
- US-wide
- Round role
- Leads rounds
- Actively investing
- Yes
- Founded
- 1988
- Assets under management
- $2.5B+
- Website
- mercedcapital.com
Thesis
Merced Capital, L.P. is a privately held investment firm founded in 1988, specializing in alternative investment strategies with a focus on financially distressed entities, high yield securities, and special situation transactions. Operating primarily in the United States, their investment thesis centers on identifying and capitalizing on market dislocations and overlooked situations across various sectors including credit, insurance, lending, equipment financing, and real estate. They employ fundamental credit, long/short credit, and arbitrage approaches in both public and private markets, emphasizing disciplined risk management and long-term value creation. The firm manages multiple investment vehicles and has raised significant capital over the years. As of December 31, 2025, regulatory assets under management were approximately $251 million, with historical aggregate capital commitments exceeding $2.5 billion. They typically invest between $5 million and $50 million in distressed opportunities.
Common questions
Does MERCED CAPITAL, L.P. invest at the Seed stage?
Yes. MERCED CAPITAL, L.P. lists Seed, distressed and special-situations among the stages it invests in.
What check size does MERCED CAPITAL, L.P. write?
MERCED CAPITAL, L.P. writes $5M–$50M checks.
Where does MERCED CAPITAL, L.P. invest?
MERCED CAPITAL, L.P. invests in the US.