# Northern Trust

Northern Trust is a Bank / Wealth / Trust based in Chicago, United States.

## Overview

- **Organization type:** Bank / Wealth / Trust
- **Headquarters:** Chicago, United States
- **Region:** North America
- **Address:** Chicago, IL, United States
- **Founded:** 1889
- **Assets under management:** Undisclosed
- **Website:** northerntrust.com
- **LinkedIn:** https://www.linkedin.com/company/3831
- **Wikidata:** Q970695

## About

Northern Trust is an SEC-registered investment adviser in Chicago, IL, since 1988. It manages approximately $1.2 trillion in regulatory assets. The firm has 662 employees and 219 investment advisers.

## Sectors

- Private Credit
- Real Estate
- Private Equity
- Hedge Funds
- Infrastructure

## People

- Michael O'Grady — Chairman and Chief Executive Officer
- Jason Tyler — President, Asset Management

## Questions

### Who runs investment decisions at Northern Trust's asset management arm?

Jason Tyler serves as President of Asset Management, overseeing the division's strategy, research, and portfolio implementation. He reports to CEO Michael O'Grady. For specific private market allocations, investment committees and dedicated sector teams make fund selection and direct investment decisions within client mandate parameters (per the firm's official communications).

### Is Northern Trust's alternatives business structured as a fund-of-funds or does it make direct investments?

Northern Trust employs a hybrid model. The firm commits to external private equity, real estate, infrastructure, and hedge fund managers through fund-of-funds vehicles, but also executes direct co-investments and separately managed accounts for larger institutional clients. The mix depends on client size and specific mandate objectives.

### Which sectors or asset classes does Northern Trust explicitly avoid?

Northern Trust does not publish exclusion lists, but as a fiduciary managing institutional capital, its alternatives platform has historically avoided early-stage venture capital and highly speculative strategies. The firm's conservative trust-bank heritage means it favors established, operationally mature private markets exposures over emerging or niche sectors.

## Related profiles

- [Northern Powerhouse Investment Fund](https://altss.com/profile/northern-powerhouse-investment-fund-npif)
- [Northern Trust Investments](https://altss.com/profile/northern-trust-investments)

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

Canonical page: https://altss.com/profile/northern-trust

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