# North Shore Private Asset Management

North Shore Private Asset Management is a Multi Family Office based in Lake Forest, United States.

## Overview

- **Organization type:** Multi Family Office
- **Headquarters:** Lake Forest, United States
- **Region:** North America
- **Address:** 222 East Wisconsin Avenue, Suite 102, Lake Forest, IL 60045
- **Founded:** 2004
- **Assets under management:** 475 (Altss estimate)
- **Website:** nsprivateam.com
- **LinkedIn:** https://www.linkedin.com/company/north-shore-private-asset-management

## Regulatory record

- **CRD number:** 130132
- **SEC file number:** 801-92175
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/130132

## About

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.

## Sectors

- Hedge Funds
- GovTech
- AI/ML

## People

- 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

## 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.

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

Canonical page: https://altss.com/profile/north-shore-private-asset-management

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