Our Purpose
True North Institute uncovers critical investment insights for Chief Investment Officers across the institutional spectrum, focusing on issues with the greatest impact on future investment returns
Our Story
In 2002, Stan Miranda founded an investment firm, Partners Capital, out of a two-bedroom apartment converted to office space above an Italian shoe store on Beauchamp Place in London. Over 20 years later, Partners Capital has grown into one of the most highly respected outsourced investment offices, managing over $55B in assets belonging to blue-chip foundations, endowments and family offices around the world.
Partners Capital was founded to “right the wrongs” of an investment industry that was (and still is) seriously flawed with conflicts of interest, an acute lack of transparency, and costs not justified by value added in the form of sustainable outperformance.
The True North Institute aims to carry on the mission of Partners Capital, to share the deepest of insights into the science of institutional investing, whether from Stan and his True North Institute, Partners Capital or from highly respected third-party sources.
The True North Institute is an entity independent of Partners Capital but which maintains a close working relationship to jointly achieve the mission of taking the most advanced proven institutional investment approach to the world’s owners of Investment capital.
Current & Future Research Focus
We will go anywhere that has the potential to deliver important insights to institutional investors. Our primary focus at present is on our Energy Transition Investment Framework (ETIF). This provides asset owners, asset managers and corporate executives with deep insights into future economics, technology and regulation affecting asset values today. Our latest publications beyond the ETIF include deep dives into clean hydrogen, renewables penetration limitations and carbon taxation. Very few institutional investors can invest without this domain expertise. Other potential future areas of TNI institutional investment research will include:
- The impact of artificial intelligence on the institutional investment process
- Who is truly generating alpha in the public equity markets, and how?
- Managing a portfolio through extreme geopolitical scenarios
- The changing role of Chinese investments in light of changing geopolitics
- Investment Committee Best Practices
- The paradigm change in private equity and venture capital investing
- The optimal LP-GP relationship -- where can value truly be added from an LP to GP?
- Diversity best practices among asset managers
Meet The Team
Stan Miranda
CEO
Stan Miranda
Founder
Stan Miranda founded Partners Capital in 2001 and is Chairman of the firm’s Board of Directors. He was previously the Chief Executive Officer from 2001 until June 2020 and also held the Chief Investment Officer position until 2016. He is a former member of the firm’s Global Investment Committee and was the senior advisor to the Private Equity asset class team since the firm’s founding. Previously, Stan was a Co-Founder and Managing Director of Evolution Global Partners, a Kleiner Perkins and TPG affiliated venture capital firm; Director of Bain & Company and member of its Worldwide Executive Committee (Chairman in 1997-98); and member of Bain & Company’s Private Equity Practice and Private Equity Investment Committee member. Stan is a Certified Public Accountant and holds an MBA from Harvard.
Jack Haynes
Partner, Head of Investments
Jack Haynes
Partner, Head of Investments
Jack joined TNI after three years at Bain & Company in their Private Equity Group, where he focused on commercial due diligence and post-acquisition projects. Prior to this, Jack spent four years in investment banking at Citibank & Canaccord Genuity, working on M&A, equity & debt transactions across various sectors. Jack holds an MBA from INSEAD.
Contributing Partners
Partners Capital is one of our most important contributors and a “peer reviewer” of our research. In light of our current focus on investing in the Energy Transition, we are also working closely with Bain & Company’s energy practice group, the Clean Air Task Force and think tank, Open Minds (openminds203x.org).
PC
Bain Image
Clean Air Task Force
Open Minds Institute
The conclusions and views expressed by the Truth North Institute are its alone and do not necessarily reflect the views of our thought partners.