Max Miller from Ohio’s 7th district makes significant investment in GLAS Funds and Mercato Partners

Max Miller, a congress member representing Ohio’s 7th congressional district, has made substantial investments in GLAS Funds, LP (HN) and Mercato Partners Travers IV QP, LP (HN), according to a recent congressional trade report. GLAS Funds’ parent company has shown strong market performance, trading near its 52-week high of $60 with an impressive 40% return over the past six months.

The transactions, which took place on February 5, 2025, were reported on February 24, 2025. The investments were made via a 2012 Trust, an investment vehicle often used for estate planning purposes. The parent company maintains a solid 5.09% dividend yield and has received a "GOOD" financial health rating from InvestingPro, which offers comprehensive analysis of over 1,400 US stocks through its detailed Pro Research Reports.

GLAS Funds, LP, a private equity fund, saw an investment ranging from $15,001 to $50,000. The report also noted that this investment was a pre-fund for future capital calls of $17,965.

On the same day, Miller also invested in Mercato Partners Travers IV QP, LP, another private equity fund under GLAS Funds, LP. This investment was slightly smaller, falling in the range of $1,001 to $15,000. Similar to the first transaction, this was a capital call for $7,035.

The investments in these private equity funds, which are classified as Hedge Funds & Private Equity Funds (non-EIF) according to the transaction type code, represent a significant financial commitment. However, it’s important to note that the exact amounts invested are not disclosed due to the reporting format in the congressional trade report, which only provides a range.

The transactions were certified as true, complete, and correct to the best of Miller’s knowledge and belief, in line with the requirements of the STOCK Act. The act mandates that all congress members disclose their transactions to maintain transparency and prevent any potential conflicts of interest.

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