True North Management Group, Llc
- Regulatory AUM
- $493M
- Discretionary
- $493M
- Clients
- 5
- Avg AUM / client
- $98.5M
- Accounts
- 5
- Employees
- 9
AUM over time
Annual snapshots from Form ADV filings · as of Mar 16, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 5 | $493M | 100.0% |
Private funds (4)
Reported in Form ADV Section 7.B.(1), filing of Mar 2024 · $605M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| True North Real Estate Fund Iii, L.P. master | Real Estate Fund | Delaware | $252M | 60 |
| True North Real Estate Fund Iv, L.P. | Real Estate Fund | Delaware | $191M | 7 |
| True North Real Estate Co Investment Sidecar Lp | Real Estate Fund | Delaware | $108M | 2 |
| True North Real Estate Co Investment Sidecar 2 Lp | Real Estate Fund | Delaware | $53.2M | 3 |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| Children's Hospital Medical Center Retirement Plan Children's Hospital Medical Center | 2024 |
People (2)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Turovsky, Paul, Robert | Sole Member | Dec 2004 (22y) | ≈ 18.75% – 50% via Eton Capital, Llc | |
| Perrotta, Craig, L | Chief Financial Officer / Chief Compliance Officer | Oct 2015 (11y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Eton Capital, Llc | Member | Dec 2004 | A | 25% – 50% |
| Md Family Capital, Llc | Member | Dec 2004 | A | 10% – 25% |
Undisclosed: 20% – 65% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Turovsky, Paul, Robert: 75% – 100% of Eton Capital, Llc × 25% – 50% direct ≈ 18.75% – 50% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (4, $605M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| True North Real Estate Fund Iii, L.P. | Real Estate Fund | $252M | $100K | 60 |
| True North Real Estate Fund Iv, L.P. | Real Estate Fund | $191M | $10.0M | 7 |
| True North Real Estate Co Investment Sidecar Lp | Real Estate Fund | $108M | $75.0M | 2 |
| True North Real Estate Co Investment Sidecar 2 Lp | Real Estate Fund | $53.2M | $30.0M | 3 |
From Form ADV Section 7.B private fund reporting.
Retirement plans served (1)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Children's Hospital Medical Center Retirement Plan | Children's Hospital Medical Center | 16,162 | $1.2B | 01/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/16/2026 | 1.66 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for pooled investment vehicles
Custody
Firm reports having custody of client funds or securities (Item 9.A).
No custodian data reported or mined yet.
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 16, 2026.
View current Form ADV (SEC/IAPD) ↗