The Purpose of this Website
This website is designed to advance our mission of mobilising trillions of dollars in support of the energy transition. It serves as a hub for deep, objective investment insights and as a meeting place for a community of investors who can both contribute their expertise and channel the capital needed to drive the energy transition
Our Community
True North Institute serves two primary audiences:
- Chief Investment Officers (CIOs) of the world’s capital owners — including sovereign wealth funds, pension plans, endowments, foundations, and family offices, both large and small.
- Investors driving the global energy transition — the specialist teams within those same institutions, as well as asset managers across public equities, venture capital, private equity, and infrastructure.
Featured Research
Here we feature a selection of the True North Institute's most important and influential research for both communities – Institutional CIOs and energy transition investors.
Analysis of Large US University Endowment Outperformance
This paper is an update two years on from our whitepaper entitled “Analysis of Large US University Endowment Outperformance” covering the 10-years ending June 2023 of a select group of 12 US university endowments. This update is a summary of the analysis of large US University Endowment outperformance for the period ending June 2025. US Endowment…
PGIM: Rethinking Diversification: Learnings from a Total Portfolio Approach
With the economic and investment landscape evolving rapidly, some institutional asset owners are championing a new model for ensuring that asset allocations continue to remain aligned with their investment objectives. While a Strategic Asset Allocation (SAA) approach continues to be the most common approach, the Total Portfolio Approach (TPA) is garnering increasing attention. An SAA…
Chart of the Month
We estimate that approximately $7.9 trillion of market value has been created in the last 30 years from energy transition companies, mostly in the EV, battery, solar and wind sectors. We further estimate that $5.9T of this has been grown inside publicly listed “brown” companies turning “green” such as Iberdrola ($118B), SSE ($28B), China Yangtze Power ($102B) and PG&E ($30B). $2.0T of value creation has been in wholly new companies created primarily over the last 30 years, with $1T in the form of Tesla, $161B in Chinese battery producer CATL and $141B in Chinese EV company BYD. The bulk of other large energy transition success stories have less than $20B in market cap today and only 10 of these with more than $10B (<$20B).
