Mercato Partners
Mercato Management, LLC
Salt Lake City, UT WWW.MERCATOPARTNERS.COM Exempt reporting adviser
Mercato Partners reports 3 venture funds on Form ADV among 3 private funds, with $3.9M in gross private fund assets.
The numbers
| Began raising | Raised |
|---|---|
| 2011 | $115M |
| 2015 | $136M |
| 2020 | $90M |
Updates from Mercato Partners
Funds on Form D
Venture funds whose Form D filings carry this adviser’s name, matched by name. Amounts are what each fund last reported to the SEC.
| Fund | Began raising | Target | Raised | Investors | Latest filing |
|---|---|---|---|---|---|
| Mercato Partners Traverse IIIe, L.P. | 2023 | $30M | — | — | August 18, 2023 |
| Mercato Partners Traverse Affiliates IV, L.P. | 2022 | $40M | — | — | December 9, 2022 |
| Mercato Partners Savory II QP, LP | 2021 | $100M | — | — | March 2, 2021 |
| Mercato Partners Traverse IV, L.P. | 2021 | $250M | — | — | March 10, 2021 |
| Mercato Partners Savory IV QP, L.P. | 2020 | $100M | $90M | — | July 20, 2020 |
| Mercato Partners Savory IV QP, L.P. | 2019 | $100M | — | — | December 17, 2019 |
| Mercato Partners Savory IV, L.P. | 2018 | $250M | — | — | September 28, 2018 |
| Mercato Partners Growth III, L.P. | 2015 | $210M | $136M | 69 | April 4, 2016 |
| Mercato Partners Growth Affiliates II, L.P. | 2012 | $5M | — | — | July 17, 2012 |
| Mercato Partners Growth II, L.P. | 2011 | $115M | $115M | 78 | July 17, 2012 |
Track record
A score of 45 out of 100 from one of the 2 funds public LPs report, in the bottom half of its vintage. Its ranked funds’ median TVPI is 1.59x and median DPI 0.18x. Pooled where reports give cash flows: 1.59x TVPI, 0.18x DPI. That ranks it 79th of 123 managers with a score.
Each fund once, as the latest of 2 LPs’ reports ranks it by TVPI against funds of the same vintage in those reports; 50 is the median fund, and a short record is pulled toward 50. The full record in LP Intelligence, with each fund’s rank and what usually follows a fund like its latest, or every manager’s.
LPs on the record
2 private foundations list on their latest IRS Form 990-PF, and 7 other LPs report holding Mercato Partners’s funds.
- Nationwide Mutual Insurance Company
- Deseret Mutual Master Retirement Plan
- Great American Insurance Company
6 more LPs are in the app. Find LPs that back firms like this one in Hottub’s LP Intelligence: ranked by overlap, with what each holds and how to reach it.
Firms whose LPs overlap
The firms sharing the most LPs on record with Mercato Partners, relative to how many LPs each has. A peer set like this is what Find LPs ranks LPs from.
- Pelion Venture Partners
- Kickstart Capital, LLC
- FPV Management, LLC
- Drive Capital LLC
- Cross Creek Advisors, LLC
- Upfront Ventures
Find LPs for Mercato Partners and these firms: Hottub ranks the LPs that hold their funds, the ones still adding funds first.
Registration
- Legal name
- Mercato Management, LLC
- Status
- Exempt reporting adviser since December 8, 2023
- CRD number
- 163142
Full Form ADV on the SEC’s Investment Adviser Public Disclosure site
About this data
Registered and exempt reporting advisers that report managing at least one venture capital fund on Form ADV, with the number of private funds and their gross assets as each adviser reports them. Advisers whose business name reads as an individual's are left out. From the roster published for September 2026. Source. Benchmarks for funds like these are in Raise benchmarks.
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