Investment Strategies
True North Institute manages the Miranda Family investments supported by our team at Partners Capital.
Our investment strategy focuses 80% of the family’s assets on the most catalytic investments behind the global energy transition, to be invested roughly 50/50 between public and private companies.
We make no concessions on investment returns, underwriting each investment against the benchmark of the best public and private investments outside of the energy transition theme.
We believe that the most profitable path will lead to the most successful decarbonization.
TNI Investments Scope
Power
Global Emissions: 36%
- Wind, solar and storage batteries
- Transmission infrastructure, VPPs and microgrids
- Grid efficiency management and demand response
- Next generation geothermal
- Next generation nuclear
- Clean hydrogen and alternative fuels
- Gas and coal plant Carbon Capture
- Long duration energy storage (LDES)
Industry
Global Emissions: 14%
- Electrification of industrial processes
- Carbon capture, utilisation and storage
- Low carbon alternative materials
Transport
Global Emissions: 14%
- Electric vehicles
- Batteries, battery efficiency and recycling
- Alternative low carbon fuels: Hydrogen, Ammonia, biofuels, SAF
- Charging infrastructure
- Micromobility
Buildings
Global Emissions: 6%
- Energy management and efficiency (smart buildings)
- Advanced construction and insulation materials
- Electric heating (heat pumps)
Waste
Global Emissions: 4%
- Waste to low carbon fuels
- Plastics recycling
- Alternative packaging
- Environmental services
Food, Ag and Forestry
Global Emissions: 18%
- Alternative proteins
- Automation and electrification of agricultural processes (farm management software)
- Ag biotech
- Value chain optimisation
- Forestry
- Water
Our 5 Core Energy Transition Investment Themes
Energy efficiency
Picks and shovels (e.g., software and services) needed for the infrastructure build out
The “first 10%” of Energy Infrastructure Development (pre-construction)
Brown-to-green business conversions by companies best positioned to decarbonise
Breakthrough technology in its commercial scaling (“missing middle”) stage, backed by blue chip VC/PE syndicates and strategic corporate partners with a clear path to sector leadership
Public Equity
Our public equity strategy focuses on generating outperformance from deep insights into sector decarbonisation pathways, backing those companies with an economic edge in decarbonisation.
Private Equity
Our private equity strategy targets capital-light, energy-efficiency-focused early-stage ventures, as well as more capital-intensive breakthrough technologies, leveraging large syndicates of VC and corporate partners to propel these businesses into sector-defining leadership roles in the energy transition.