Mercato Partners

Mercato Management, LLC is a financial advisor firm established in 2006, specializing in providing investment advisory services to pooled investment vehicles exempt from registration under the Investment Company Act of 1940. The firm focuses on managing, monitoring, and disposing of investments for various Funds, including Traverse Funds, Savory Funds, and Prelude Fund. Mercato Management operates on a discretionary basis and had approximately $1.34 billion in assets under management as of December 31, 2022. The principal owner is Gregory H. Warnock. The minimum investment requirement for the Funds typically ranges between $1,000,000 to $5,000,000, with discretion for the General Partner to permit investments below this threshold. Management fees for the Funds are generally up to 2.0% of total capital commitments, paid quarterly in advance. The firm does not receive performance-based fees but allows for carried interest distributions to the General Partner of each Fund. Investment strategies include targeting lower middle market companies for Traverse Funds, food and beverage sector companies for Savory Funds, and early-stage technology companies for Prelude Fund. The firm emphasizes risk management due to the inherent risks in private equity investments and changing economic conditions. Mercato Management, LLC also discloses no disciplinary events and provides details on its Code of Ethics, brokerage practices, account oversight, and custody practices.