EBF & Associates closes Merced Partners IV on $800 mln hard cap

EBF & Associates, an alternative investment firm, has held a final close on $800 million for Merced Partners IV. The fund, which closed on its hard cap, had an initial target of $750 million. Merced Partners IV makes opportunistic value investments in niche financial instruments and hard assets, generally ranging from $10 million to $100 million. Merced Partners III closed on $567 million in December 2010.

Press Release

EBF & Associates, L.P., a leading alternative investment firm, today announced the final close of Merced Partners IV, L.P. (“the Fund”) with total commitments at its hard cap of $800 million. The fund had an initial target of $750 million.

Merced Partners IV will make opportunistic value investments in niche financial instruments and hard assets, pursuing the same investment strategy successfully utilized in its predecessor fund, Merced Partners III, L.P. (a $567 million fund closed in December 2010). The Fund will target opportunities generally ranging from $10 million to $100 million. Limited partners in the Fund include endowments, foundations, state and corporate pension plans, and family offices.

“With strong early support from prior EBF investors, and interest from a meaningful number of new limited partners, demand not only exceeded our original target but our hard cap as well,” said David Ericson, Managing Partner, EBF & Associates. “EBF principals are committing significant capital, firmly aligning our interests with those of our limited partners. I would like to thank all of our investors for their confidence in EBF.”

Since 2005, EBF has raised six multi-year lock-up funds with approximately $2.4 billion in aggregate commitments. EBF also manages Merced Partners Limited Partnership, an annual liquidity fund formed in 1990. EBF has 37 employees including six partners and 12 investment professionals.

“EBF has built a reputation for integrity, rigorous analysis and sound investment judgment,” said Andrew Platt, Managing Director, EBF & Associates. “Our innovative strategies, combined with our commitment to transparency and ‘off-cycle’ communication with investors allowed us to raise Merced Partners IV within six months of our April launch.”

O’Melveny & Myers LLP provided legal counsel to EBF.

About EBF & Associates

Founded in 1988, EBF & Associates is a privately-held registered investment advisor based in Minnetonka, MN. EBF currently has over $2.1 billion in capital under management. More information about EBF can be found at www.ebf.com.