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True North Advisors
Scott Wood and Mark Gehlbach launched True North Advisors in 2000. Their prior institutional consulting work supplied the base for a multi-family office...
True North Advisors
Scott Wood and Mark Gehlbach launched True North Advisors in 2000. Their prior institutional consulting work supplied the base for a multi-family office serving clients across the United States. The firm allocates across buyouts, growth equity, secondaries, seed and venture stages. Asset classes include private equity, private credit, hedge funds, real estate, infrastructure and distressed situations. Confirmed vehicles comprise Western Alternative Strategies Real Estate VIII and Western Alternative Strategies Income Series. Geographic reach covers North America, Europe, Asia, Africa, the Middle East, South America, the Caribbean and Oceania. True North Advisors employs an integrated team that supports both planning and alternatives execution. It maintains offices in Texas and selected coastal markets. Scott Wood belongs to YPO Gold-Dallas and previously served as president of the Salesmanship Club of Dallas; Mark Gehlbach also holds membership in the Salesmanship Club. In January 2024 Wealth Partners Capital Group took a strategic minority stake. The firm operates a distinct succession and governance model through its founding principals and the 2024 equity partnership. This structure separates client mandates from the ownership transition while preserving direct oversight of investment decisions.
General information
Firm type
Multi Family Office
Year founded
2000
AUM
$4.478B (Altss estimate)
Location
Region
North America
Country
United States
City
Salem
Corporate office
Dallas, TX, United States
Principals
Scott Wood
Co-founder and CEO
Mark Gehlbach
Co-founder and President
Sector focus
Frequently asked questions
Who runs investment decisions at True North Advisors?
Scott Wood serves as co-founder and CEO. Mark Gehlbach serves as co-founder and President. Both maintain direct involvement in portfolio construction and client mandates.
How does True North Advisors source proprietary deal flow?
The firm draws on relationships developed through institutional consulting work and club memberships including YPO Gold-Dallas and the Salesmanship Club of Dallas.
Is True North Advisors structured as a single family office or does it operate more like a venture firm?
True North Advisors functions as a multi-family office. It offers both direct co-investments through SPVs and commitments to funds across buyout, growth, secondaries and seed stages.
Does True North Advisors participate in fund commitments or only direct deals?
The firm uses both approaches. It commits to funds and also executes direct co-investments and SPVs in private equity, private credit, real estate and infrastructure.
What investment stages does True North Advisors typically target?
The firm covers buyout, growth equity, secondaries, seed and early-stage venture. It also allocates to expansion and late-stage opportunities.
Where does the underlying wealth come from?
The client base consists of entrepreneurs, business owners and multi-generational families. The firm originated from the institutional consulting backgrounds of its two founders.
How is True North Advisors related to Wealth Partners Capital Group?
Wealth Partners Capital Group acquired a strategic minority equity interest in January 2024. The transaction provides capital support while the founding principals retain operational control.
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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