Updated:
North Shore Private Asset Management
North Shore Private Asset Management was established in 2004 by David H. Melsheimer, CFA. It started as an adviser to affluent families on Chicago's North...
North Shore Private Asset Management
North Shore Private Asset Management was established in 2004 by David H. Melsheimer, CFA. It started as an adviser to affluent families on Chicago's North Shore and later incorporated the practice of Mark F. Saran in 2014. The firm invests in hedge funds, public equities, and fixed income. Representative holdings include positions in IVV, VTI, AAPL, MSFT, and NVDA. It maintains exposure across North America, Europe, Asia, and other regions. Client portfolios are constructed through discretionary mandates rather than commingled funds. The firm employs senior professionals including William N. Gregg and Michael J. Melsheimer. It maintains relationships with custodians Charles Schwab and Raymond James. David Melsheimer participates in the Michigan Shores Club and CFA Society of Chicago. North Shore operates an affiliated data services business and tax services business that support its core advisory work. Governance centers on the founding principal and long-tenured partners rather than external boards.
General information
Firm type
Multi Family Office
Year founded
2004
AUM
475 (Altss estimate)
Location
Region
North America
Country
United States
City
Lake Forest
Corporate office
222 East Wisconsin Avenue, Suite 102, Lake Forest, IL 60045
Principals
David H. Melsheimer
President and Chief Investment Officer
Mark F. Saran
Executive Vice President
William N. Gregg
Senior Managing Director of Fixed-Income
Michael J. Melsheimer
Principal and Chief Compliance Officer
Sector focus
Frequently asked questions
Who runs investment decisions at North Shore Private Asset Management?
David H. Melsheimer serves as President and Chief Investment Officer. Mark F. Saran acts as Executive Vice President and William N. Gregg leads fixed-income management.
Does North Shore Private Asset Management participate in fund commitments or only direct deals?
The firm constructs discretionary portfolios that include hedge fund allocations alongside public equity and fixed-income holdings. No direct private company investments are disclosed.
Where does North Shore Private Asset Management source its investment opportunities?
The firm relies on relationships with custodians and industry networks including the CFA Institute. Specific sourcing channels beyond these affiliations are not detailed in available records.
What is North Shore Private Asset Management's known posture on co-investments alongside external GPs?
No co-investment activity or club deal participation is recorded. The firm focuses on portfolio construction through established managers and public markets.
How is North Shore Private Asset Management related to its operating businesses?
It owns North Shore Private Data Services and North Shore Private Tax Services outright. These entities provide operational support to the advisory practice.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
Need institutional-grade insight on family offices?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: