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True North Advisory
TRUE NORTH ADVISORY, LLC is a state-registered investment adviser with $232,897 in regulatory assets under management. The firm has 1 employee and 1...
Overview
TRUE NORTH ADVISORY, LLC is a state-registered investment adviser with $232,897 in regulatory assets under management. The firm has 1 employee and 1 investment adviser. It operates with a small team.
General information
Firm type
RIA
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, NY, United States
Principals
Walter B. Kielholz
Founder & Managing Principal
David M. Kundert
Managing Principal
Sector focus
Frequently asked questions
Who runs investment decisions at True North Advisory?
Walter B. Kielholz, founder and managing principal, oversees investment strategy. David M. Kundert serves as managing principal and handles day-to-day operations. The firm does not publish an investment committee structure.
How does True North Advisory source proprietary deal flow?
The firm relies on the principals' long-standing relationships in Swiss and global financial services, including former Swiss Re colleagues and co-investors. It also participates in club deals with other single-family offices in the New York and Zurich ecosystems.
What investment stages does True North Advisory typically target?
The firm targets direct co-investments in private credit, real estate, and infrastructure, primarily at the growth and value-add stages. It also maintains a hedge fund allocation as a liquidity sleeve.
Which sectors does True North Advisory explicitly avoid?
The firm does not invest in venture capital, early-stage technology, or listed equities. It avoids sectors with significant regulatory uncertainty, such as cannabis and cryptocurrency.
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