A Specialty Governance & Advisory Platform

TrueNorth Council

Elevate Your Governance. Accelerate Your Growth.

A Compass for Navigating Every Aspect of Your Investment Management Business

We are a specialty governance and advisory firm providing non-executive director services and bespoke strategic advisory to investment managers across all stages of their lifecycle.

TrueNorth Council brings deep experience across the full spectrum of investment management—from seed stage emerging managers through first close to advising established platforms navigating periods of transformation and growth.


Our expertise spans governance, operational strategy, and strategic advisory across multiple market cycles and asset classes, providing perspective that comes only from direct involvement in building and scaling investment firms. Our focus is on being true partners in your success, advising on critical decisions while you and your team execute.

Core governance services…enhanced

Governance and director services are at the center of our engagement, with tailored operating partner advisory for both emerging and established firms.

Emerging Firms

Operating Partner & Advisory

Launch & buildout support
  • Organizational Structure & Buildout
  • Talent Acquisition and Roadmap
  • Operational Infrastructure
  • Compliance Program
  • Vendor Selection
  • Budget Development
  • Fund Structure and Terms Benchmarking
  • Investor Positioning & Seed Strategy
  • DDQ & Data Room Development
  • Mock Operational Due Diligence
Serving Both

Governance & Director Services

Emerging & established firms
  • Non-Executive Director
  • Advisory Board Member
  • Governance Framework Design & Implementation
  • Conflict Management & Resolution
Established Firms

Operating Partner & Advisory

Growth & transformation support
  • Strategic Growth Planning
  • Organizational Change Management
  • Market Intelligence
  • New Product Design
  • Operational Gap Review
  • Vendor Review / Cost Benchmarking
  • Succession Planning
  • Key Officer Transitions
  • Talent Retention
  • GP Valuation

Deep fluency across investment asset classes

Hedge Funds
Multi-Strategy
Private Credit
Private Equity
Venture Capital

A differentiated offering backed
by hands-on operating experience

A Differentiated Offering

Governance + Advisory = Value

Non-executive directorship combined with hands-on operating partner advisory

Cross-Asset Coverage

Supporting managers across asset classes, lifecycle stages and organizational verticals

True Partners

Ensuring operational stability, standing in the trenches when you need it most

Operator Perspective

Leveraging perspective that comes only from having been in your seat

Beyond the Checkbox

Delivering real, substantive value

Flexible Engagement

Customizable, cost effective and aligned engagement structures

Background & Expertise

Deep Network

Deep operating partner experience and extensive professional network

Full Lifecycle

Seeding and advising startup GPs to directly operating established platforms

Broad Capabilities

Org setup, human capital, operational & financial strategy, product development, LP engagement, global regulatory regimes

Battle-Tested

Multiple market cycles and asset classes

Master Complex Generalists

Impassioned to tackle even the most complex scenarios

Thoughtful Partners

Collaborative, relationship-driven approach rooted in trust, transparency and long-term alignment

Eric Wortman - Founder of TrueNorth Council

Eric Wortman

Founder & Managing Member

Eric Wortman is the Founder and Managing Member of TrueNorth Council, a specialty governance and advisory platform for investment managers.

Previously, Eric was a Partner, COO, CFO and CCO at Stable, a leading GP Seeder. At Stable, Eric was responsible for overseeing the firm's operational, financial, compliance and governance programs, as well as its operating partner platform efforts supporting general partners with their firm launches. During his time at Stable, Eric oversaw multiple product launches during a period of significant growth and served as operating partner to dozens of new GP launches across public and private markets. Eric also spent several months directly supporting a portfolio company with their launch of a control equity platform.

Prior to Stable, Eric was a Managing Director for AllianceBernstein's Investment Management business, a cross-asset class third-party multi-manager investment platform. In this role he managed operations and infrastructure, governance, reporting, operational due diligence and product development efforts. At AB, Eric also served as Director of Strategy and Transformation for AB's Fixed Income Alternative Investment Operations team, designing and directing change initiatives within AB's Fixed Income business. Prior to AB, Eric served as a Senior Associate at Rothstein Kass, conducting audit engagements of investment managers.

Eric holds a Bachelor of Science from Yeshiva University in Accounting and is a Certified Public Accountant (Inactive).

Elevate Your Governance.
Accelerate Your Growth.

For additional information please reach us at

info@truenorthcouncil.com