Mercury Fund
Mercury Fund last closed a fund in May 2026 — 6 months ago. By its own rhythm, that is barely into the cycle.
Mercury Fund has raised 5 times about every 37 months. The last was Mercury Affiliates XXXVI, LLC. That points to Jun 2029.
Historically about 1 in 8 firms this early in their cycle filed within a year. The month is approximate — how often this is right.
This firm closed a fund in the last 18 months, so it has money to put to work now.
- Funds on file
- 8
- Capital raised
- $525M
- Latest close
- May 2026
- Based in
- TX
Vehicles on file
| Vehicle | First close | Amount | Filings |
|---|---|---|---|
| Mercury Affiliates XXXVI, LLC | May 2026 | $2M | 0002130904 ↗ |
| Mercury Fund Executives V, L.P. | October 2023 | $610,000 | 0001982583 ↗ |
| Mercury Fund Affiliates V, L.P. | February 2022 | $128M | 0001904340 ↗ |
| Mercury Fund V, L.P. | February 2022 | $128M | 0001904040 ↗ |
| Mercury Fund Ventures IV, L.P. | June 2018 | $125M | 0001742416 ↗ |
| Mercury Fund Ventures III, L.P. | October 2013 | $125M | 0001589444 ↗ |
| Mercury Fund III Affiliates, L.P. | — | $7M | 0001599791 ↗ |
| Mercury Fund Affiliates IV, L.P. | — | $10M | 0001776288 ↗ |
Each row links to that vehicle’s Form D filings on EDGAR — the name, date and amount above should match what is filed there.
Named on filings
M. Garrou, Adrian Fortino, Aziz Gilani, Daniel Watkins, Edward Hill
What Mercury Fund invests in
- Typical fund
- $125M median, early stage, Series A-B scale
- Says it invests in
- space/defense
- Cheque size, in its words
- $
- Website
- mercuryfund.com
Sector and stage are quoted from the firm’s own website, not inferred, and dated.
Service providers
- Fund administrator
- Carta (7 funds)
- Auditor
- BDO (3 funds)
From Form ADV filed by MERCURY PARTNERS MANAGEMENT, LLC CRD 163879 ↗, latest filing March 2026, covering 7 funds linked to this firm by Form D file number. Form ADV is filed once a year, so a provider may have changed since. How this is matched.
What this is. Every figure on this page comes from Form D filings with the U.S. Securities and Exchange Commission — public records, reproduced here as filed. Service providers, where shown, come from the adviser’s Form ADV and are dated.
What it is not. Single-deal SPVs, feeder vehicles and GP or employee commitment funds are listed but excluded from fund counts and capital totals: an SPV is one investment, a feeder holds the same capital as its master, and a “Principals” or “Entrepreneurs” fund closes alongside a main fund rather than being raised in its own right. Capital deployed from a family office, a corporate balance sheet or an evergreen structure never arrives as a fund close, so a firm doing that looks quiet here. Amounts are as of the last amendment and go stale. Dates are the date of first sale — a fund's first close, not its final one. Funds filed as “Indefinite” are excluded from totals rather than counted as zero, so a total is a floor.
“No recent fund” is a statement about filings. It is not a statement about whether a firm is solvent, investing, or still in business.