Mercato Partners Closes Traverse Fund IV, at $400M
Summary
Traverse Fund IV was supported by institutional allocators, including public pension funds, university endowments, charitable foundations, health care systems, and insurance companies. In addition to this traditional mix of long-term investors, it reserved a portion of Fund IV for accomplished service affiliates, executives and business leaders that bring mission-critical access, resources and networking opportunities to the fund’s portfolio companies. Traverse Fund IV will be deployed to high-growth, mature technology and branded consumer companies. Co-founded by Ryan Sanders, Joe Kaiser and Greg Warnock, Mercato Partners is a multi-practice investment firm that provides funding, guidance and support to technology, branded consumer, and food and beverage companies. Notable past investments include Central Logic, Cotopaxi, Cradlepoint, DOMO, Ephesoft, Fusion-IO, Galileo Financial Technologies, Goal Zero, Mediconnect, SaltStack, Simplus, Skullcandy, Stance, Swig, and Venafi.