Companies · Other

Mercury Alternative Assets Fund I, L.P.

BUFFALO · Other

Diligence memoA one-page analyst read on Mercury Alternative Assets Fund I, L.P. — recommendation, valuation, rhythm, risks.
$55.1M
Total raised · real
2
Rounds
0.1×
Latest step-up
Top 7%
Sector rank · raised
Series C
Latest stage · inferred · Mon Feb 13 2012 00:00:00 GMT+0000 (Coordinated Universal Time)

Mercury Alternative Assets Fund I, L.P. looks under-valued against its niche peers and is dormant on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Under-valued
  • Modeled value is 0.09× the median modeled value of Series C Other companies in 2010–2012 (152 peers) — value vs value, same stage and era.
Dormant
  • Last raise 14.4 yr ago; this sector typically re-raises about every 11 months.
  • Silent for over 3× the sector's normal cadence.

Procedural diagnosis est. — rule-based common-sense checks over the filing pattern, issuer name, activity cadence, and surfaced operating evidence.

Issuer-vehicle patternmedium confidence

Mercury Alternative Assets Fund I, L.P. behaves more like a recurring private-offering issuer than a conventional venture-backed operating company.

Issuer structure
Company-like
No recurring-offering pattern strong enough to override normal financing interpretation.
Lifecycle
56.5 yr record
Peak capital year was Undated with $50.0M across 1 filings.
Market position
ahead of 94% of Other peers
Capital scale is ahead of 94% of Other peers; modeled value is above 80% of peers by modeled value. Large capital with mid-pack modeled value can signal an issuer/program profile rather than operating-company growth.
Valuation reliability
Lower applicability
Stage/dilution valuation models are weakest when the issuer is broad-sector, recurring, or vehicle-like.
Operating evidence
Sparse
No clear CEO/founder/principal role is surfaced, so operating-company confidence is lower.
Data quality
Consistent
Canonical totals and visible filing detail are broadly aligned.
What triggered this
  • Legal name looks like an issuer vehicle rather than a product company.
  • Sector is still broad/Other, so operating comparables are weak.
  • No clearly named CEO/founder/principal role in the public records surfaced here.
  • No verified homepage on the profile yet.
  • Capital program peaked in Undated: $50.0M across 1 filings.
  • Largest single filing was $50.0M on .
How to read the page
  • Read this less like a startup funding journey and more like a capital-raising program.
  • Stage-based valuation and peer labels have lower applicability for this pattern.
  • The more important signal is lifecycle: repeated filings ended years ago, so current activity needs outside confirmation.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Other

Mercury Alternative Assets Fund I, L.P. is one of 25015 Other companies tracked from BUFFALO. By capital raised it ranks among the largest (ahead of 94% of sector peers), and in the upper tier by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

As reported in public records reported — not modeled.

US
Jurisdiction
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$125M$250M$375M$500MSeries C · Raised $50M (real) Modeled valuation $260M (est)$50M$260MSeries CSeries A · 2012-02-13 Raised $5.1M (real) Modeled valuation $77M (est)$5.1M$77MSeries A2012+$5.1MCumulative $55M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Series C$50.0M
Bridge · Series C-stage$5.1M · 2012smaller follow-on

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series B — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 40%.

Modeled valuation trajectory
$77.0M
Base estimate est.
$6.9M
Conservative case
$418.8M
Upside case
$23.1M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ca $40M–$100M round). Valuation is modeled from stage benchmarks. Directional, not a quoted figure.

Series C · modeled $260.0M · Series A · modeled $77.0M · 2012-02-132012
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
55%
Survival probability
30% low · 75% high
1.35×/yr
Annual markup
1.70×/yr upside case
6.0 yr
Elapsed time used
14.4 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
505 mo
Avg between rounds
$1.3M/yr
Capital velocity
56.5 yr
On record since
1970
First round
2
Rounds on file
How it compares to the market

Benchmarked against 25015 companies in Other. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 27× above median
This company$55.1M
Sector median$2.0M
Latest round — vs other Series C rounds in sector (real $, this stage) 0.1× of median
This company$5.1M
Sector median$50.0M
Modeled value — vs sector median (estimate, all stages) 4.4× above median
This company$77.0M
Sector median$17.7M

Raised more than 94% of sector peers (real $). Modeled value above 80% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series C) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #144 of 152.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0B$10.0M$100.0M$1.0BCapital raised (log)China XD Plastics Co Ltd · Series C Raised $115.2M · modeled $1.7B (est)TPG-Axon Cube Trust · Series C Raised $100.0M · modeled $1.7B (est)TPG-Axon Cube Sa rl · Series C Raised $100.0M · modeled $1.7B (est)Ralco Holdings, Inc. · Series C Raised $154.7M · modeled $1.7B (est)1-800-Pack-Rat, LLC · Series C Raised $99.2M · modeled $1.7B (est)Mill Creek Residential Trust Llc · Series C Raised $98.0M · modeled $1.7B (est)Progressive Finance Holdings, Llc · Series C Raised $95.0M · modeled $1.6B (est)Momentum Topco, Inc. · Series C Raised $94.0M · modeled $1.6B (est)Cross Match, Inc. · Series C Raised $92.3M · modeled $1.6B (est)Mcp Cps Group Holdings, Inc. · Series C Raised $91.8M · modeled $1.6B (est)Satmex Investment Holdings L.P. · Series C Raised $91.7M · modeled $1.6B (est)FHC Holdings, LLC · Series C Raised $91.2M · modeled $1.6B (est)Mercury Alternative Assets Fund I, L.P. (this company) Raised $55.1M · modeled $77.0M (est)Mercury Alternative Assets Fund I, L.P.
CompanyStageRaised · realValue · estvs peer med.
China XD Plastics Co LtdSeries C$115.2M$1.7B1.89×
TPG-Axon Cube TrustSeries C$100.0M$1.7B1.89×
TPG-Axon Cube Sa rlSeries C$100.0M$1.7B1.89×
Ralco Holdings, Inc.Series C$154.7M$1.7B1.89×
1-800-Pack-Rat, LLCSeries C$99.2M$1.7B1.88×
Mill Creek Residential Trust LlcSeries C$98.0M$1.7B1.85×
Progressive Finance Holdings, LlcSeries C$95.0M$1.6B1.80×
Momentum Topco, Inc.Series C$94.0M$1.6B1.78×
Cross Match, Inc.Series C$92.3M$1.6B1.75×
Mcp Cps Group Holdings, Inc.Series C$91.8M$1.6B1.74×
Satmex Investment Holdings L.P.Series C$91.7M$1.6B1.73×
FHC Holdings, LLCSeries C$91.2M$1.6B1.73×
Mercury Alternative Assets Fund I, L.P. this companySeries C$55.1M$77.0M0.09×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Series A$5.1M2012-02-13$23.1M$77.0M90%
Series C$50.0M$333.3M$260.0M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Series A$5.1M2012-02-13
    • First recorded raise — entered as Series A.
Intelligence
2054 ~Q1
Modeled next raise · ~505mo cadence
$5.1M
Modeled next size est.range $5.1M$8.1M
0.1×
Last step-up
$1.3M/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Charles W. Banta7 other2012-02
Sandra A. Miller7 other2012-02
C. Teo Balbach4 other
Registry & provenance

Mercury Alternative Assets Fund I, L.P. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1548195
SEC CIK
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Mercury Capital Partners Principle Bay Area Fund, L.P.OtherSeries A$5.1M$77.3Mnetwork3 shared operators · same sector
Mercury Capital Principle KVVN-AM KVTO-AM Fund, L.P.TelecommunicationsSeries A$7.7M$18.7Mnetwork3 shared operators
Mercury Capital Partners Principle San Jose Fund, L.P.TelecommunicationsSeries A$5.6M$13.6Mnetwork3 shared operators
Mercury Capital Partners Principle KSJO-FM Fund, L.P.TelecommunicationsSeed$1.3M$28.3Mnetwork3 shared operators
TS OpCo Holding, LLCOtherSeries C$64.9M$78.3Msame sector · same stage
Carpathian Gold IncOtherSeries C$82.1M$76.1Msame sector · same stage
Largo Resources Ltd.OtherSeries B$50.7M$78.0Msame sector
StackHawk, Inc.OtherSeries B$50.2M$74.6Msame sector
Frequently asked
How much funding has Mercury Alternative Assets Fund I, L.P. raised?
Mercury Alternative Assets Fund I, L.P. has raised approximately $55.1M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Mercury Alternative Assets Fund I, L.P.'s estimated valuation?
Provath's modeled valuation for Mercury Alternative Assets Fund I, L.P. is approximately $77.0M (modeled range $6.9M–$418.8M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Mercury Alternative Assets Fund I, L.P. at?
Mercury Alternative Assets Fund I, L.P.'s latest modeled financing stage is Series C. Its most recent recorded round closed around Mon Feb 13.
What does Mercury Alternative Assets Fund I, L.P. do and where is it based?
Mercury Alternative Assets Fund I, L.P. operates in the Other sector, based in BUFFALO.
Explore related

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