Western Alternative Strategies

Overview

Western Alternative Strategies is a division of True North Advisors, LLC, CRD 116048. True North Advisors, LLC is described as a registered investment adviser under the United States Securities and Exchange Commission Investment Advisers Act of 1940.¹ The division provides alternative investments for wealth management firms, family offices and ultra-high-net-worth clients.⁵

History

True North Advisors launched Western Alternative Strategies in 2011 and developed it for its private wealth clients.³⁴ On February 28, 2026, the division announced a new website describing access to private markets, public-market diversifiers, portfolio-construction support, sourcing, diligence and monitoring.²⁴ On March 16, 2026, it announced the availability of Tail Risk and Multi-Strategy Limited Partnership through iCapital Marketplace.²³

Timeline

1. 1940True North Advisors, LLC is described as a registered investment adviser under the United States Securities and Exchange Commission Investment Advisers Act of 1940.
2. 2011True North Advisors launched Western Alternative Strategies in 2011 and developed it for its private wealth clients.
3. 2026On February 28, 2026, the division announced a new website describing access to private markets, public-market diversifiers, portfolio-construction support, sourcing, diligence and monitoring.

Leadership

Jeff Welday, CIMA®, is Chief Development Officer, Alternative Investments.¹⁷ Dhruv Maniktala, CFA®, is Chief Investment Officer and Partner.¹⁸ Chris Pate is Chief Operating Officer and Partner.¹⁹ Brian Heider, CFA®, CAIA®, is Deputy Chief Investment Officer and Partner.²⁰ Ty Sanders is Senior Director and Partner.²¹ Jamil McNeal, CFA®, CAIA®, is Director of Investments, Private Markets.²²

Services

Western Alternative Strategies offers private investments, private income, public-market alternatives and equity hedging.⁷ Its strategies include multi-strategy, alternative premia and active-equity public-market strategies.⁸ The division also offers tail-risk market hedging, Global Private Strategies Fund VIII and Income Series private-credit solutions.⁹ It provides access to primary commitments, direct investments and co-investments.¹⁰

What the firm offers

• Investment management
• Private and alternative investments

Client focus

The division identifies wealth managers, individuals and institutions as client groups.⁶ It also provides alternative investments for family offices and ultra-high-net-worth clients.⁵

Investment philosophy and approach

The firm says its platform combines disciplined underwriting, aligned structures and turnkey execution.¹¹ It says founders, shareholders and clients invest alongside investors at the same economics.¹² The firm describes its culture as intellectual curiosity, collaboration and humility in the face of markets.¹³ It defines risk as permanent impairment of capital rather than short-term volatility.¹⁴ Its focus is on inefficiency premiums in lower-middle-market private equity, specialized credit and emerging asset classes.¹⁵ Its diligence process uses sourcing, screening, underwriting, Investment Policy Committee review and monitoring.¹⁶

FAQs

Related resources

• LocationMultifamily offices in Dallas

  This Dallas directory helps readers compare local firms that serve wealthy families, business owners, and institutions. It offers regional context for assessing whether a firm's investment management and private investment focus fits the needs of a family or business based in the area.

• Network siteCorporateVentureCapital.com

  CorporateVentureCapital.com provides a separate view of firms that invest through corporate venture capital programs. Reviewing this directory can help a reader distinguish private market strategies from corporate investing and prepare questions about how alternative investments may fit a broader wealth plan.

• Network siteFamilyOffices.com

  FamilyOffices.com offers resources and a community focused on single family offices and wealthy families. A reader can use it to learn how family offices approach investment management, private investments, governance, and outside advisers before evaluating a firm serving similar client groups.

• GuideQuestions to ask a multifamily office

  This question guide helps a prospective client structure an initial conversation with a multifamily office. Topics such as fees, investment process, private market access, reporting, conflicts, and client service can clarify whether the firm's services match a family's financial circumstances.

• Similar firmsAutumn Lane Advisors, LLC
  Badii Group Private Wealth Management
  Calderwood Financial

  These profiles provide nearby points of comparison for readers reviewing Western Alternative Strategies. Looking at Autumn Lane Advisors, LLC, Badii Group Private Wealth Management, and Calderwood Financial can help a family or business owner compare service descriptions, client focus, and approaches to investment management.

Sources

1. SEC Investment Adviser Profile , accessed October 23, 2026.
2. Western Alternative Strategies , accessed October 23, 2026.
3. About Western Alternative Strategies , accessed October 23, 2026.
4. About Western Alternative Strategies , accessed October 23, 2026.
5. Western Alternative Strategies , accessed October 23, 2026.
6. Western Alternative Strategies , accessed October 23, 2026.
7. Solutions , accessed October 23, 2026.
8. Solutions , accessed October 23, 2026.
9. Solutions , accessed October 23, 2026.
10. About Western Alternative Strategies , accessed October 23, 2026.
11. About Western Alternative Strategies , accessed October 23, 2026.
12. About Western Alternative Strategies , accessed October 23, 2026.
13. Our Approach , accessed October 23, 2026.
14. Our Approach , accessed October 23, 2026.
15. Our Approach , accessed October 23, 2026.
16. Our Approach , accessed October 23, 2026.
17. Team , accessed October 23, 2026.
18. Team , accessed October 23, 2026.
19. Team , accessed October 23, 2026.
20. Team , accessed October 23, 2026.
21. Team , accessed October 23, 2026.
22. Team , accessed October 23, 2026.
23. Tail Risk and Multi-Strategy Limited Partnership announcement , as of March 16, 2026.
24. New website announcement , as of February 28, 2026.

Claim or correct this profile

This profile is a factual summary written in our own words from public sources. It is for information only. It is not an endorsement, rating, ranking or recommendation, and it is not investment advice. MultiFamilyOffices.com is not affiliated with the SEC or with this firm unless stated. Form ADV figures are self-reported by the firm.