# True North Associates

True North Associates is a Private Equity based in Kathmandu, Nepal.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Kathmandu, Nepal
- **Region:** Asia
- **Address:** Kathmandu, Nepal
- **Founded:** 2015
- **Assets under management:** Undisclosed
- **Website:** tna.com.np
- **LinkedIn:** https://www.linkedin.com/company/true-north-associates

## Regulatory record

- **Reports private funds:** No

## About

True North Associates is a domestic private equity and venture capital firm investing in financial services, agriculture, and tech-enabled businesses. They have made six investments. Their most recent investment was in Foodmandu as part of their Series A funding on January 1, 2015.

## Questions

### How does True North source investment opportunities in Nepal?

As one of very few institutional private equity managers operating domestically in Nepal, True North relies on direct founder relationships and local professional networks. The firm does not have the benefit of a mature investment banking ecosystem or robust broker-intermediated deal flow. Its origination advantage comes from its established Kathmandu presence and the scarcity of competing institutional bidders.

### What is True North's exit strategy given Nepal's limited capital markets?

Nepal lacks a liquid public equity market suitable for venture-backed IPOs, and secondary sponsor-to-sponsor sales are rare. True North's exit options are therefore constrained: strategic sales to regional corporations, dividend recapitalizations, or long-duration holds represent the most plausible paths. This frontier-market reality shapes the firm's underwriting criteria and expected hold periods.

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- [Trivest Partners](https://altss.com/profile/trivest-partners)
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Last updated: 2026-06-03T20:00:00.000Z

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