Meritage Holdings II

The firm lists seven co-founders—Jack Tankersley, Jay Tankersley, Bart Lorang, Erika Trautman, Alex Hodgkin, Sarah Lorang, and Diana Steverson—as its leadership team. Meritage does not publish a separate investment committee, and the public website describes the group as operators and investors who collectively built and funded portfolio companies.

Meritage publicly positions itself as an EOS implementation partner for companies that have already raised outside capital, implying that sourcing occurs through founder and investor networks rather than cold outreach. The firm's partnership with Techstars extends that reach into early-stage venture-backed companies, while the co-founders' 40-year history in Rocky Mountain venture capital provides a regional anchor.

Meritage operates as a private equity firm that deploys operational capital rather than passive balance-sheet investment. Though the Altss research record classifies it as an Asset Manager with a Private Equity subtype, the public-facing model resembles an embedded advisory and operating-partner hybrid more than a conventional fund manager.

The firm works with companies that have reached initial traction—typically $2 million or more in revenue or $3 million in outside funding—and extends through organizations with $10 million to $50 million in revenue. Meritage also states it accepts public-company transformation engagements, making it stage-agnostic once a business has institutional backing.

The portfolio includes The Unreasonable Group, an organization that connects entrepreneurs to resources for social impact, but Meritage's website does not disclose a separate foundation or donor-advised structure tied to the firm or its principals.

The firm's public materials do not mention co-investment programs, SPVs, or fund-of-funds allocations. Meritage describes its involvement as direct operational partnership, which suggests its capital is deployed through balance-sheet equity or operating agreements rather than syndicated co-investment vehicles.

Meritage does not publish a restricted-sector list. The disclosed portfolio spans consumer products, financial services, real estate, aerospace, and enterprise SaaS, but the firm's primary filter appears to be the presence of outside capital and leadership receptivity to EOS implementation rather than industry exclusion.