Overview
Our Firm
Meritage Group LP (“Meritage”) is a Delaware limited partnership that was formed in November 2006. It
began managing the Private Investment Funds’ (as defined below) investment program effective January 1,
2007. Meritage’s general partner is MWG GP LLC, which is controlled by Nathaniel Simons, Laura Baxter-
Simons, Alexander Magaro and Arif Mawji. The 1998 Simons Family Revocable Trust is the principal
owner of Meritage and MWG GP LLC. Nathaniel Simons and Laura Baxter-Simons are the trustees of The
1998 Simons Family Revocable Trust. As of December 31, 2023, Meritage had approximately U.S.
$13.846 billion of regulatory assets under management, managed on a discretionary basis.
Private Investment Funds
Meritage provides discretionary investment management services to private investment funds for which
Meritage serves as investment manager and/or investment general partner (each, a “Private Investment
Fund” or a “Client” and collectively, the “Private Investment Funds” or the “Clients”). The Private
Investment Funds are exempt from registration under the Investment Company Act of 1940, as amended
(the “Investment Company Act”).
Meritage pursues investment strategies on behalf of the Private Investment Funds that are generally
fundamentally-oriented and longer-term in their investment horizon. Such investments are generally in the
form of public and private equity, credit, and real estate. As appropriate, positions may be both long and
short, and investments may be made both directly and/or indirectly with external managers (“External
Managers”). Meritage has broad discretion to invest in other investment instruments and employ other
strategies in pursuing the objectives of the Private Investment Funds. Meritage manages the Private
Investment Funds pursuant to the investment objectives and restrictions of each such Private Investment
Fund. The investment objective and strategy for each Private Investment Fund is described in its respective
offering materials. Please see Item 8 for a more detailed description of the strategies pursued by the Private
Investment Funds.
Ability to Tailor Services and Impose Restrictions
Meritage provides investment management services directly to the Private Investment Funds as pooled
investment vehicles based on the specific investment objectives and strategies of the Private Investment
Funds themselves and not individually to investors in the Private Investment Funds (the “Investors”).
Therefore, Meritage does not tailor its advisory services to the individual needs of any of the Investors. The
Investors generally may not impose restrictions on investing in certain securities or types of securities.
Form ADV: Part 2A Page 5