Western Alternative Strategies Launches Tail Risk and Multi-Strategy Solutions on iCapital Marketplace

DALLAS--(BUSINESS WIRE)--Western Alternative Strategies (“Western”), an alternative investment platform developed within the multi-family office environment of True North Advisors, today announced the launch of its Tail Risk and Multi-Strategy Limited Partnership (“MSLP”) solutions, now available on iCapital Marketplace.

The launch represents a significant milestone in Western’s evolution from an internal institutional platform to a broader, advisor-accessible alternative investment offering designed to integrate intentionally within traditional portfolios.

Western’s Tail Risk and MSLP solutions were developed to address two of the most persistent challenges facing private wealth portfolios: managing severe drawdowns that impair long-term compounding and accessing diversified sources of return across market environments.

“Severe drawdowns do the most damage to long-term outcomes, particularly when portfolios lack intentional downside protection,” said Dhruv Maniktala, Chief Investment Officer of True North Advisors. “Owning tail risk is not about predicting markets, it’s about preserving the ability to stay invested and redeploy capital when dislocations create opportunity. Complemented by a multi-strategy approach that diversifies return drivers, these solutions help portfolios behave more intentionally across cycles.”

The Tail Risk solution provides highly capital-efficient, market crash hedging designed to safeguard equity portfolios against rare but severe market shocks while preserving long-term return potential. The strategy offers access to institutional-caliber tail risk implementation historically available only to large global institutions, enabling advisors and qualified investors to incorporate explicit downside hedging into portfolio construction.

The MSLP solution is an actively managed, tax-efficient, public-markets strategy designed to pursue equity-like returns with materially lower volatility over a full market cycle. By allocating across directional, non-directional, and opportunistic sleeves, the strategy seeks to capture return inefficiencies while emphasizing risk discipline and manager selection.

Both solutions are available to qualified investors on iCapital Marketplace, expanding access to Western’s institutional investment capabilities through a platform trusted by advisors across the private wealth ecosystem.

“Western was built to solve real portfolio construction challenges we faced as fiduciary investors inside a multi-family office,” said Jeff Welday, Chief Development Officer, Alternative Investments at Western. “Making these strategies available on iCapital Marketplace allows us to extend that same alignment, rigor, and intentional design to a broader community of advisors and qualified investors seeking institutional-quality alternatives without institutional-sized barriers.”

Welday added that Western’s platform approach is designed to support—not complicate—advisors’ existing portfolios.

“Our focus is not product for product’s sake,” Welday continued. “Western is about delivering thoughtfully structured, portfolio-ready alternatives that are cost-aware, operationally efficient, and grounded in real-world fiduciary use. That heritage continues to shape how we build and distribute our solutions today.”

About Western Alternative Strategies

Western Alternative Strategies is an all-in-one alternative investment platform developed within a multi-family office to serve private wealth advisors and their clients. Built on a foundation of fiduciary alignment, disciplined risk management, and differentiated access, Western’s solutions are designed to integrate seamlessly into traditional portfolios across market cycles.

The platform provides access to a broad range of public and private market alternatives, including equity hedging, multi-strategy solutions, private equity, private credit, real assets, venture capital, and opportunistic investments. Western emphasizes thoughtful portfolio construction, manager selection, and structural efficiency to help investors pursue durable outcomes while managing downside risk. Learn more at www.westernalterantivestrategies.com

Important Information

Investment strategies are available to qualified purchasers and/or accredited investors only and involve risk, including the potential loss of principal. Availability of strategies is subject to eligibility requirements and applicable regulations. This communication does not constitute an offer to sell or a solicitation of an offer to buy any security. For all current iCapital users, you can find us directly at www.icapital.com/westernalternativestrategies