Diligence memo · auto-generated · as of July 3, 2026

Mercury Alternative Assets Fund I, L.P.

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

DeprioritizeFinancing has gone silent well past the sector's normal cadence — treat as inactive until outside confirmation of a live operation.

Businessfiled

Mercury Alternative Assets Fund I, L.P. operates in Other, based in BUFFALO.

Sector still resolves to a broad 'Other' bucket, so operating comparables below are weaker than for a tightly-classified peer.

No verified homepage on file yet — operating evidence is limited to the public record.

Capital & rounds (filed)filed

Mercury Alternative Assets Fund I, L.P. has raised $55M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Series C (a $40M–$100M round).

Largest single filing: $50M on —.

Most recent recorded round closed around 2012-02-13.

Valuation (modeled)modeled

Provath models Mercury Alternative Assets Fund I, L.P. at approximately $77M (range $6.9M–$419M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.

Read: 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.

Financing rhythm & timingmixed

Historic cadence: a new round about every 505 months.

Last raise 14.4 yr ago; this sector typically re-raises about every 11 months.

Silent for over 3× the sector's normal cadence.

The last round was 9.8× smaller than the prior — a bridge or down round.

Comparablesmixed

Capital scale ranks ahead of 94% of Other peers (25015 compared).

Modeled value ranks above 80% of those peers.

Closest niche peers: China XD Plastics Co Ltd, TPG-Axon Cube Trust, TPG-Axon Cube Sa rl, Ralco Holdings, Inc., 1-800-Pack-Rat, LLC.

Peoplefiled

3 named people on file across officers, directors and signatories.

Risks & flagsmixed

Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.

Broad sector classification weakens peer comparison.

No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.