# Meritage: portfolio, investments and team

> Meritage is a hedge fund based in United States. 2 investments on record, latest Apr 2019. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/meritage (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# Meritage

Filed with the SEC to raise a fund in Feb 2026, closing $8,994M. Last cheque observed Apr 2019.

Email

Quiet New fund $9.0B, Feb 2026 Hedge fund

Debt Venture Capital & Private Equity

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Cheques on record

**0%** of best year **0** **cheques in 12 months**, 2 on record

Since the last cheque **2769** days **00** hrs **00** min **00** sec

Median round **$59M** Rounds led **0 of 2**

Pitch Meritage

## Meritage highlights

- 01 2 rounds on record
- 02 Mostly Debt: 100% of its rounds

## What they do

> We help you navigate capital decisions, from choosing the right investors to raising on the right terms, and occasionally investing ourselves. From their own website

- **Type:** Hedge fund (from a list, unverified)
- **Cheque size:** Not stated
- **Sectors:** Venture Capital & Private Equity
- **Based in:** Denver, United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **2 appearances**

- **2019** 2 rounds
- **Apr** **[Faction](https://millionrounds.com/company/faction)** US · FinSMEs **$14M** With 4 others
- **Feb** **[SmartSky Networks](https://millionrounds.com/company/smartsky-networks)** Debt · US · FinSMEs **$104M** With 4 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **24 named**

AM **Alex Magaro** Co-President and Senior Managing Director of MWG GP LLC, General Partner of Meritage Group LP (the Issuer's Investment Manager) i Filing they signed

AN **Alice Ng** Chief Financial Officer of Ceres Managed Futures LLC, the General Partner i Filing they signed

AT **Alper T. Daglioglu** President and Director of Ceres Managed Futures LLC, the General Partner i Filing they signed

AN **Andrew Nathan** Managing Member of MEROP III LLC, General Partner i Filing they signed

AD **Art DellaSalla** Executive Officer i Filing they signed

BD **Bart David Lorang** Managing Director i Form ADV

BP **Brian P. Center** Chief Financial Officer and Director of General Partner i Filing they signed

CJ **Colbert J. Narcisse** Director of Ceres Managed Futures LLC, the General Partner i Filing they signed

CA **Craig Abruzzu** Director of Ceres Managed Futures LLC, theGeneral Partner i Filing they signed

DJ **Damian J. George** Chief Financial Officer and Director of General Partner i Filing they signed

DJ **David Jackson Solomon** Executive Officer i Filing they signed

DZ **David Zierk** Co-President & Senior Managing Director of MWG GP LLC, General Partner of Meritage Group LP (the Issuer's Investment Manager) i Filing they signed

DR **Derek R. Pilling** Director i Filing they signed

DJ **Douglas J. Ketterer** Director of General Partner i Filing they signed

EP **Edmond Paul Moriarty** Principal of Ceres Managed Futures, LLC, the General Partner i Filing they signed

FP **Feta Paul Zabeli** Director of Ceres Managed Futures LLC, the General Partner i Filing they signed

FP **Frank Paul Smith** Director of Ceres Managed Futures LLC, the General Partner i Filing they signed

GJ **G. Jackson Tankersley, Jr.** Director i Filing they signed

GJ **George Jackson Tankersley** Managing Director i Form ADV

GJ **George Jackson Tankersley, Jr** Executive Officer i Filing they signed

GJ **George JACKSON TANKERSLEY, Jr.** Executive Officer i Filing they signed

HJ **Harry J. Handler** Director of Ceres Managed Futures LLC, the General Partner i Filing they signed

IJ **Ian J. Bernstein** Director of General Partner i Filing they signed

JP **Jennifer P. Magro** Chief Financial Officer and Director of General Partner i Filing they signed

We also hold **30** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$24M** gross assets of its funds Oct 2026

**Exempt** reporting adviser venture or small private funds

- **Legal name:** Meritage Holdings II, LLC
- **SEC number:** CRD 330538

## What they claim to have backed

From their own portfolio page (on their website)

**6** of 32 we have independently watched raise

[Arc](https://millionrounds.com/company/arc)[Ninety](https://millionrounds.com/company/ninety)[Techstars](https://millionrounds.com/company/techstars)[Thedyrt](https://millionrounds.com/company/the-dyrt)[Theinventionnetwork](https://millionrounds.com/company/the-invention-network)[Xtiaerospace](https://millionrounds.com/company/xti-aerospace) 828venues Bonfireig Campminder Cubbybeds Entityacademy Envrad Eosworldwide Getsunday Hiremav Hvgre Koelbelco Kolbe Littlemanicecream Longpathtech Luggageforward Lumenserve Myfw Oakwoodhomesco Origincpagroup Panoptyc Rallydaypartners Scaleip Stormbreaker Syntrinsic Unreasonablegroup Zestypaws

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

New fund on file

**$9.0B**

raised in Feb 2026

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Debt

Median round joined **$59M** the round, not its cheque

Led 0 of 2 rounds **0%**

- **Sole investor:** Never alone
- **Last cheque:** Apr 2019

Rounds by stage said on their site

- Debt *1*

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## Recently backed

The latest companies Meritage put money into.

[**Faction** $14M · Apr 2019](https://millionrounds.com/company/faction)[**SmartSky Networks** $104M · Feb 2019](https://millionrounds.com/company/smartsky-networks)

## Quick answers about Meritage

### What does Meritage invest in?

Meritage invests most often at Debt (100% of the rounds on record), in sectors such as Venture Capital & Private Equity.

### How active is Meritage?

2 investments on record, 0 of them in the last 12 months. The most recent was in Apr 2019.

### What has Meritage invested in recently?

Its most recent investments on record: Faction (Undisclosed round, Apr 2019) and SmartSky Networks (Debt, Feb 2019).

### How big are Meritage's cheques?

The median round it joins is $59M.

### Is Meritage investing now?

No investments in the last 12 months; the latest was in Apr 2019.

### What kind of investor is Meritage?

Meritage is a hedge fund based in Denver, United States.

### How much does Meritage manage?

About $24M, as gross assets of its private funds (Oct 2026).

### Has Meritage raised a new fund?

Its latest fund filing with the SEC was in Feb 2026, reporting $9.0B raised.

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