# MIG Capital

MIG Capital is a Private Equity based in Newport Beach, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Newport Beach, United States
- **Region:** North America
- **Address:** Newport Beach, CA, United States
- **Founded:** 2002
- **Assets under management:** 589 (Altss estimate)
- **Website:** migcap.com
- **LinkedIn:** https://www.linkedin.com/company/mig-capital-llc

## Regulatory record

- **Reports private funds:** No

## About

MIG Capital was founded in 2002 after Paul Merage and David Merage sold Chef America, the maker of Hot Pockets, to Nestlé. Richard Merage, Paul's son, serves as CEO and portfolio manager. The firm began as a vehicle for the family's capital and later accepted commitments from other families and endowments. MIG runs long/short equity portfolios alongside private equity, venture, and real estate allocations. It executes direct co-investments and fund commitments. Confirmed holdings include positions in public equities and real assets such as Avila Newport Beach, Newport Palms, and industrial portfolios in Broward County and Austin. The firm invests across North America and Europe. It targets buyouts, growth equity, seed, and early-stage opportunities in AI/ML, advanced materials, and energy transition. The team consists of family principals and a small number of investment and operations staff. Additional vehicles include MIG Real Estate, managed by Greg Merage, and the MIG Core ETF listed on NYSE Arca. Richard Merage sits on the founding board of the UCI Center for Investment and Wealth Management. Greg Merage belongs to YPO. No material operational changes occurred in the last 24 months. MIG keeps the Merage family as the largest investor with more than $500 million committed alongside external capital. This structure creates direct alignment between the principals' personal balance sheet and outside limited partners without an external GP layer.

## Sectors

- Circular Economy
- ClimateTech
- Energy Transition & Renewables
- Industrial Tech
- Robotics & Automation
- SpaceTech
- Supply Chain & Logistics
- Digital Health

## People

- Paul Merage — Chairman
- Richard Merage — CEO
- Greg Merage — CEO of MIG Real Estate
- David Merage — Co-founder of Chef America
- Lisa Bhathal Merage — Managing Partner of Raj Capital
- Bob Alter — Board member

## Questions

### Who runs investment decisions at MIG Capital?

Richard Merage serves as CEO and portfolio manager. Paul Merage chairs the firm. Investment choices reflect the family's operational experience in consumer products and real estate.

### How does MIG Capital source proprietary deal flow?

The firm relies on the Merage family's network from the Chef America sale and prior operating roles. It also draws on relationships through YPO and the UCI Center for Investment and Wealth Management.

### Does MIG Capital participate in fund commitments or only direct deals?

The firm executes both fund commitments and direct co-investments. It also holds public equity positions through long/short strategies and real estate assets.

### What investment stages does MIG Capital typically target?

MIG targets buyouts, growth equity, seed, and early-stage opportunities. It also pursues distressed debt and secondaries when market conditions align with its fundamental approach.

## Related profiles

- [Fayard Holding](https://altss.com/profile/fayard-holding)
- [Belvoir Capital](https://altss.com/profile/belvoir-capital)

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

Canonical page: https://altss.com/profile/mig-private-equity

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