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North Channel
North Channel was established as the single-family office for the Welles family. Jeffrey F. Welles leads investment decisions while Maud Welles handles...
North Channel
North Channel was established as the single-family office for the Welles family. Jeffrey F. Welles leads investment decisions while Maud Welles handles portfolio management. The structure supports generational wealth objectives through disciplined allocation across multiple asset classes. The firm deploys capital via direct co-investments, SPVs, hedge funds, infrastructure, private credit, private equity, and real estate. Confirmed focuses include energy transition and renewables alongside fintech. Geographic reach extends to Europe, the Middle East and Central Asia, North America, and Oceania. Maud Welles joined the board of Rare in 2025. Team size and total deployment figures remain undisclosed. Denis Turcotte previously served as a principal before moving to Brookfield's private equity group. The office maintains its headquarters in New York with no additional locations reported. North Channel operates as a single-family office with direct ties to the founding family through Jeffrey F. Welles. This structure centralizes decision-making and aligns incentives with long-term family objectives rather than external LP mandates.
General information
Firm type
Single Family Office
Year founded
2000
AUM
Undisclosed
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, United States
Principals
Jeffrey F. Welles
Managing Partner
Maud Welles
Portfolio Manager
Denis Turcotte
Former Principal
Sector focus
Frequently asked questions
Who runs investment decisions at North Channel?
Jeffrey F. Welles serves as managing partner and leads investment decisions. Maud Welles acts as portfolio manager.
Where does the underlying wealth come from?
The office manages capital for the Welles family.
What investment stages does North Channel target?
The firm focuses on growth-stage opportunities.
Does North Channel participate in fund commitments or only direct deals?
North Channel uses both direct co-investments and fund allocations.
How is North Channel related to Rare?
Maud Welles was appointed to the Board of Trustees of Rare in 2025.
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.
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