True North Wealth

Todd L. Beman serves as the firm’s Founder and Managing Director, overseeing investment strategy and deal origination. While the full investment committee structure is not publicly documented, multi-family offices of this size typically centralize approval authority with the founder and a small group of senior advisors. The firm’s direct origination model suggests Beman plays a hands-on role in sourcing and structuring private transactions.

True North Wealth originates deals directly rather than relying exclusively on external fund commitments, a model designed to give its families access to private equity, private credit, and real estate transactions that bypass traditional intermediaries. Based on its geography, the firm likely sources a meaningful portion of its direct real estate and credit deals through relationships with regional developers and operators in the Intermountain West. For private equity co-investments, the firm likely partners with larger sponsors seeking co-investment capital.

True North’s investment model emphasizes direct co-investments, direct real estate acquisitions, and proprietary credit structures, but a diversified multi-family-office portfolio often includes a core allocation to external fund commitments for asset classes where direct sourcing is inefficient. The firm pitches its direct origination capability as a differentiator rather than an exclusive mandate, meaning it likely blends fund commitments with its own originated deals. Specific fund commitments have not been publicly disclosed.

The firm deploys capital across the full private capital stack: opportunistic real estate acquisitions and development, middle-market private equity co-investments, and private credit including bridge and mezzanine lending. True North does not publicly identify itself as a venture capital investor, which suggests its private equity activity concentrates on later-stage, cash-flowing businesses rather than early-stage technology companies.

Most wealth management practices outsource alternative-investment decisions to third-party fund managers and focus on financial planning and liquid portfolio construction. True North Wealth functions as a multi-family office that directly originates and co-invests in private deals, meaning the firm’s principals invest their own capital alongside clients and retain control over deal structuring. This hybrid model sits between a pure outsourced CIO and a fully internalized single-family office.