Our Purpose
True North Institute is a dual-purpose organisation serving as both a think tank dedicated to uncovering deep institutional investment insights and an investment firm focused on accelerating the global energy transition
Our Story
In 2002, Stan Miranda founded Partners Capital from a modest two-bedroom apartment above an Italian shoe store on Beauchamp Place in London. Over the past 20 years, Partners Capital has grown into one of the most respected outsourced investment offices in the world, managing over $60 billion in assets for blue-chip foundations, endowments, and family offices globally.
Partners Capital was created to “right the wrongs” of an investment industry long plagued by conflicts of interest, lack of transparency, and fees that rarely reflected true value added. Its mission has always been to deliver sustainable outperformance with integrity and transparency
Building on this legacy, the True North Institute shares the deepest insights into the science of institutional investing—drawing not only on Stan’s experience and Partners Capital’s research, but also on highly respected third-party sources. While independent of Partners Capital, True North Institute maintains a close working relationship to advance the shared goal of bringing the most advanced institutional investment thinking to the world’s owners of capital.
Today, True North Institute serves as a platform through which the Miranda Family directs its investments into companies and technologies that are leading the global energy transition, leveraging decades of institutional investing expertise to generate both impact and value.
Current & Future Research Focus
We will go anywhere that has the potential to deliver important insights to institutional investors on both broad institutional investment strategy and on the challenging world of investing in support of the energy transition. 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. Research currently in progress in focused on first-of-a-kind risk reduction and financing, geothermal energy, grid efficiency and long-duration energy storage.
Current areas of TNI institutional investment research will include the Total Portfolio Approach vs The Endowment Model, Artificial Intelligence in Institutional Investing and the Future of Private Equity and Venture Capital.
CIO Forum
True North Institute has brought together a group of veteran Chief Investment Officers managing the portfolios of some of the world’s most respected endowments, foundations, and sovereign wealth funds. We convene to address only the biggest issues with significant investment action implications. These are the “elephants in the investment committee boardroom” that warrant the full attention of investment committee members in their all too infrequent and short meetings.
While we recognize that most macroeconomic challenges cannot be fully understood to the point of driving investment action, we focus on the rare exceptions—those most strategic of events where rigorous research and access to the world’s deepest thinkers yield insights with direct investment implications. Our aim is to identify where geopolitical and macroeconomic shifts will reshape financial markets and, in turn, materially shift the sources of the most attractive risk-adjusted returns for truly long-term investors.
Meet The Team
Stan Miranda
CEO
Stan Miranda
Founder
Stan Miranda is the Founder and CEO of the True North Institute (TNI), a dual-purpose organisation serving as both a think tank dedicated to uncovering deep institutional investment insights and an investment firm focused on accelerating the global energy transition. Before establishing TNI, Stan founded Partners Capital in 2001, growing it into a $60 billion AUM outsourced investment office serving leading endowments, foundations, senior investment professionals, and prominent families from its nine offices around the world. He served as CEO from 2001 to 2020, Chief Investment Officer until 2016, Chairman of the Board from 2020 to July 2024, and now holds the title of Chairman Emeritus. Earlier in his career, Stan was Co-Founder and Managing Director of Evolution Global Partners, a venture capital firm affiliated with Kleiner Perkins and TPG. He also served as a Director at Bain & Company, where he was a member of the Worldwide Executive Committee (Chairman in 1997–98) and played a key role in Bain’s Private Equity Practice and its private equity Investment Committee. Stan was initially trained as a Certified Public Accountant and holds an MBA from Harvard Business School.
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
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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.