Investment adviser · CRD 116048

TRUE NORTH ADVISORS, LLC

Investment adviser filing (IA)

DALLAS, TX, United States · Form ADV filed Jul 16, 2026

Regulatory AUM: $5.42B
Client accounts: 5,298
Employees: 89
Advisory professionals: 31

Who they report serving

Form ADV · Item 5.D

Client types and their share of reported regulatory assets.

Client type	Clients	Regulatory assets	Share of AUM
High-net-worth individuals	594	$3,790,841,146	69.9%
Pooled investment vehicles	34	$1,084,458,088	20.0%
Corporations & businesses	5	$373,153,541	6.9%
Individuals	428	$135,992,749	2.5%
Charities	7	$38,207,944	0.7%

Filing source

Form ADV 2116979 · Jul 16, 2026 · Item 5.D

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Private funds & service providers

34 Private funds

The count excludes feeder funds. Funds in the latest filing appear first, ordered by reported gross assets. Earlier funds retain their last reported values.

WESTERN ALTERNATIVE STRATEGIES, L.P. MULTI-STRATEGY SERIESHedge Fund · Last reported Jul 16, 2026$287MGross asset value

Form D fundraising filings

Western Alternative Strategies, L.P. - Multi-Strategy Series

Fund administrator TRUSTSERVE, LP MIAMI, Florida, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor WEAVER, LLP FT WORTH, Texas, United States

Custodian NORTHBROOK BANK AND TRUST COMPANY N.A. NORTHBROOK, Illinois, United States Related to adviser: No

Marketer ICAPITAL MARKETS LLC NEW YORK, New York, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

WEAVER, LLP
PCAOB 410

ICAPITAL MARKETS LLC
CRD 118219 · SEC 8-53640

Fund details & source

Fund ID: 805-9945961104
Reported beneficial owners: 150
Minimum commitment: $500K
Form D file number: 021-363033

Form ADV 2116979 · Jul 16, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

WESTERN ALTERNATIVE STRATEGIES, L.P. - INCOMEOther Private Fund · Last reported Jul 16, 2026$158MGross asset value

Form D fundraising filings

Western Alternative Strategies, L.P. - Income Series

Fund administrator TRUSTSERVE, LP MIAMI, Florida, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor WEAVER, LLP FT WORTH, Texas, United States

Custodian NORTHBROOK BANK AND TRUST COMPANY N.A. NORTHBROOK, Illinois, United States Related to adviser: No

Marketer ICAPITAL MARKETS LLC NEW YORK, New York, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

WEAVER, LLP
PCAOB 410

ICAPITAL MARKETS LLC
CRD 118219 · SEC 8-53640

Fund details & source

Fund ID: 805-9737011782
Reported beneficial owners: 164
Minimum commitment: $500K
Form D file number: 021-431405

Form ADV 2116979 · Jul 16, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

WESTERN ALTERNATIVE STRATEGIES, L.P. - ACTIVE EQUITYHedge Fund · Last reported Jul 16, 2026$82.7MGross asset value

Form D fundraising filings

Western Alternative Strategies, L.P.- Active Equity Series

Fund administrator TRUSTSERVE, LP MIAMI, Florida, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor WEAVER, LLP FT WORTH, Texas, United States

Custodian NORTHBROOK BANK AND TRUST COMPANY N.A. NORTHBROOK, Illinois, United States Related to adviser: No

Marketer ICAPITAL MARKETS LLC NEW YORK, New York, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

WEAVER, LLP
PCAOB 410

ICAPITAL MARKETS LLC
CRD 118219 · SEC 8-53640

Fund details & source

Fund ID: 805-6575210216
Reported beneficial owners: 147
Minimum commitment: $500K
Form D file number: 021-481375

Form ADV 2116979 · Jul 16, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

WESTERN ALTERNATIVE STRATEGIES, L.P. - EQUITYHedge Fund · Last reported Jul 16, 2026$52MGross asset value

Fund administrator TRUSTSERVE, LP MIAMI, Florida, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor WEAVER, LLP FT WORTH, Texas, United States

Custodian NORTHBROOK BANK AND TRUST COMPANY N.A. NORTHBROOK, Illinois, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

WEAVER, LLP
PCAOB 410

Fund details & source

Fund ID: 805-3372644343
Reported beneficial owners: 68
Minimum commitment: $500K
Form D file number: 021-168350

Form ADV 2116979 · Jul 16, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

WESTERN ALTERNATIVE STRATEGIES, L.P. - GPS VIOther Private Fund · Last reported Jul 16, 2026$43.4MGross asset value

Form D fundraising filings

Western Alternative Strategies, L.P. - GPS VI Series

Fund administrator TRUSTSERVE, LP MIAMI, Florida, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor WEAVER, LLP FT WORTH, Texas, United States

Custodian NORTHBROOK BANK AND TRUST COMPANY N.A. NORTHBROOK, Illinois, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

WEAVER, LLP
PCAOB 410

Fund details & source

Fund ID: 805-3630766309
Reported beneficial owners: 141
Minimum commitment: $500K
Form D file number: 021-499641

Form ADV 2116979 · Jul 16, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

WESTERN ALTERNATIVE STRATEGIES, L.P. - GPS IVOther Private Fund · Last reported Jul 16, 2026$38.7MGross asset value

Form D fundraising filings

Western Alternative Strategies, L.P. - GPS IV Series

Fund administrator TRUSTSERVE, LP MIAMI, Florida, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor WEAVER, LLP FT WORTH, Texas, United States

Custodian NORTHBROOK BANK AND TRUST COMPANY N.A. NORTHBROOK, Illinois, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

WEAVER, LLP
PCAOB 410

Fund details & source

Fund ID: 805-6765209475
Reported beneficial owners: 148
Minimum commitment: $500K
Form D file number: 021-418201

Form ADV 2116979 · Jul 16, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

WESTERN ALTERNATIVE STRATEGIES, L.P. - GPS VOther Private Fund · Last reported Jul 16, 2026$38.6MGross asset value

Form D fundraising filings

Western Alternative Strategies, L.P. - GPS V Series

Fund administrator TRUSTSERVE, LP MIAMI, Florida, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor WEAVER, LLP FT WORTH, Texas, United States

Custodian NORTHBROOK BANK AND TRUST COMPANY N.A. NORTHBROOK, Illinois, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

WEAVER, LLP
PCAOB 410

Fund details & source

Fund ID: 805-6253992080
Reported beneficial owners: 112
Minimum commitment: $500K
Form D file number: 021-470725

Form ADV 2116979 · Jul 16, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Services & filing details

Most recent filing: Jul 16, 2026. View historical filings

Reported services

Financial planning · Individual portfolio management · Pooled investment vehicle management · Business portfolio management · Pension consulting · Selection of other advisers

Compensation

Percentage of assets · Fixed · Performance-based

Principal office

3131 TURTLE CREEK, SUITE 1300
DALLAS, TX, 75219, United States

CRD 116048

Filing source

Form ADV 2116979 · Jul 16, 2026 · Items 1 & 5

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.