# Meritage Group

Meritage Group is a Multi Family Office based in San Francisco, United States.

## Overview

- **Organization type:** Multi Family Office
- **Headquarters:** San Francisco, United States
- **Region:** North America
- **Address:** San Francisco, CA, United States
- **Founded:** 1997
- **Assets under management:** Undisclosed
- **Website:** meritagegroup.com
- **LinkedIn:** https://www.linkedin.com/company/meritage-group

## Regulatory record

- **CRD number:** 142622
- **SEC file number:** 801-67394
- **Registration status:** APPROVED
- **Latest Form ADV filing:** 2026-03-26T05:00:00.000Z
- **Reports private funds:** Yes
- **Private funds reported:** 0
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/142622

## About

Meritage Group traces its origin to 1997 when Nat Simons established the firm to steward excess capital generated by his father Jim Simons at Renaissance Technologies. The arrangement began as a vehicle for the Simons family and later expanded to a limited set of like-minded families. The firm allocates across public equity, private equity, credit, real estate and infrastructure. Investment stages include buyout, growth equity and venture capital. Structures encompass direct co-investments, SPVs, fund commitments and hedge-fund allocations. Confirmed positions include wireless infrastructure assets operated through the TowerPoint Infrastructure Partners platform and the residential property at 2750 Vallejo Street in San Francisco. Geographic reach covers North America and South America. The team numbers 55 professionals. Additional vehicles tied to the same capital base include the Sea Change Foundation and participation in the Breakthrough Energy Coalition since 2015. In the last 24 months no material operational announcements have appeared in public records. Meritage maintains a hybrid mandate that combines internal direct investments with relationships to external managers such as Medley Partners and Euclidean Capital. This setup separates the Simons family wealth from Renaissance Technologies while preserving access to infrastructure co-investments alongside partners including Ullico and MEAG.

## Sectors

- PropTech
- Energy Transition & Renewables
- Healthcare Services
- ClimateTech
- Mobility & Transportation

## People

- Nat Simons — Founder

## Questions

### Who runs investment decisions at Meritage Group?

Nat Simons founded the firm and remains the principal decision-maker. Day-to-day allocations are executed by the 55-person San Francisco team.

### How does Meritage Group source proprietary deal flow?

The firm sources through long-standing relationships with Renaissance Technologies alumni and through co-investment platforms such as TowerPoint Infrastructure Partners.

### Does Meritage Group participate in fund commitments or only direct deals?

Both. The firm commits to external funds and also executes direct co-investments and SPVs, particularly in infrastructure and real estate.

### What investment stages does Meritage Group typically target?

The firm targets buyout, growth equity and venture capital opportunities.

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Last updated: 2026-06-03T20:00:00.000Z

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