Wings of Mercury
Wings of Mercury last closed a fund in March 2026 — 8 months ago. By its own rhythm, that is not yet halfway to the next one.
Wings of Mercury has raised 3 times about every 30 months. The last was Wings of Mercury XIII, L.P. That points to Sep 2028.
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
- 9
- Capital raised
- $97M
- Latest close
- March 2026
- Based in
- TX
Vehicles on file
| Vehicle | First close | Amount | Filings |
|---|---|---|---|
| Wings of Mercury XIII, L.P. | March 2026 | $6M | 0002139485 ↗ |
| Wings of Mercury XX LP | December 2024 | $8M | 0002055700 ↗ |
| Wings of Mercury XII LP | May 2024 | $9M | 0002062622 ↗ |
| Wings of Mercury XI, L.P. | July 2023 | $15M | 0002015567 ↗ |
| Wings of Mercury X, L.P. | January 2023 | $31M | 0001965701 ↗ |
| Wings of Mercury VII LP | October 2021 | $7M | 0001901730 ↗ |
| Wings of Mercury VI, L.P. | April 2021 | $4M | 0001885564 ↗ |
| Wings of Mercury V, L.P. | April 2021 | $11M | 0001856056 ↗ |
| Wings of Mercury IV, L.P. | April 2021 | $7M | 0001861160 ↗ |
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
Peter Lucey
What Wings of Mercury invests in
- Typical fund
- $8M median, pre-seed / seed scale
- Website
- bull-bear.com
Service providers
- Fund administrator
- NAV Consulting (6 funds)
- Auditor
- Not on file
From Form ADV filed by BULL & BEAR, LP CRD 317904 ↗, latest filing March 2026, covering 6 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.