Investing in the future of the Northwoods.
November | Delta (N|D) is an investment-focused holding company built on service, discipline, and a deep commitment to the Northwoods Region of the United States. Our name is a tribute to the public service of our founders, N|D brings the same standards we held in uniform to every investment we make - in public markets and in the communities we call home.
About N|D
November | Delta is an investment-focused holding company and multi-family office headquartered in Green Bay, Wisconsin. Our mission is straightforward: invest in the future of the Northwoods Region - the Laurentian Mixed Forest Province.Our investment philosophy draws from Warren Buffett's concept of the Circle of Competence. Inside that circle, we make individual stock selections in businesses we understand deeply. Outside it, we use low-cost ETFs to maintain broad exposure. We don't pretend to know everything - we focus on what we do know.The Northwoods Region isn't just a market opportunity to us. It's home. We believe this area deserves thoughtful capital, serious attention, and committed partners who will be here for the long run.
The Team
(from left to right)Nic Pummill-Prausa | Co-Founder, CEO and Chief Investment OfficerNic brings over two decades of military service and a decade in finance to his role leading November | Delta. A retired Senior Non-Commissioned Officer in the U.S. Army, he led and mentored more than a thousand soldiers, earning recognition as Michigan Recruit Sustainment Program Cadre Member of the Year. His overseas service included rebuilding efforts in Iraq, where he worked directly with local leaders to restore essential public services.In finance, Nic progressed from retail banking to wealth management at Morgan Stanley and then State Farm before joining Integrity Wealth Management, where he helps oversee more than $800 million in 401(k) and retirement assets. A long-time YMCA volunteer and dedicated technology beta tester, Nic's roots in the Northwoods run deep and shape every investment decision N|D makes.--
Dan Althaus | Co-Founder, Managing PartnerDan Althaus partners with founders and leadership teams as both a capital partner and a hands-on operator. His specialty is helping organizations move from intuition-driven growth to disciplined, repeatable execution - the transition that separates businesses that survive from those that scale.With more than a decade of executive leadership in complex, highly regulated service environments, Dan's experience spans strategic planning, financial modeling, operational systems design, contracting, and workforce development. He currently serves as Executive Director of Orange Cross Ambulance in Sheboygan, Wisconsin - a role that reflects his commitment to mission-driven organizations. At N|D, Dan ensures that every portfolio company gets not just capital, but the operational rigor to use it well.--
Ben Berres | Partner, Chief AnalystBen Berres holds an MBA with a focus in Project Management and brings a rare combination of financial and clinical experience to his role at N|D. His background spans banking, registered nursing, and financial analysis — a breadth that gives him a practical, people-grounded perspective that pure finance backgrounds rarely develop.Ben spent years analyzing financial statements at Wells Fargo, developing insight into both large-scale operations and the day-to-day realities of smaller businesses. At N|D, he translates complex data into clear, confident narratives that drive investment decisions. His ability to move between clinical environments and balance sheets means he asks questions others miss — and finds the story inside the numbers.--
V.I.C. - Valuation & Investments Computer | AnalystVic is N|D's AI-powered research and operations partner, built on Perplexity Computer. Named to continue the team's three-letter tradition (Nic, Dan, Ben, Vic), V.I.C. stands for Valuation & Investments Computer. Vic maintains the firm's investment meeting database spanning 180+ meetings and 6,000+ articles, monitors public markets and news for portfolio-relevant developments, conducts financial analysis and ETF research, and tracks bond issuances across N|D's core holdings. Equal parts analyst, archivist, and early-morning news reader - Vic is the team member who never sleeps.
Our Funds
the North Coast FundThe North Coast Fund is our public equity portfolio. We follow a buy-and-hold strategy anchored in businesses we know well, individual equities selected within our Circle of Competence based on fundementals, complemented by ETFs covering bonds, international markets, real estate, and specific industries where broad exposure makes more sense than individual picks.
Each partner also mirrors fund positions in their personal accounts, creating a true multi-family office structure where our interests are fully aligned with our investment decisions. The benchmark is simple: beat the S&P 500 over time. We measure ourselves against that standard and hold ourselves accountable to it.the Northwoods FundThe Northwoods Fund is our private equity vehicle; an LLC savings account specifically earmarked for direct investment in the Northwoods Region. Our focus is Northern Wisconsin and Michigan's Upper Peninsula.
We target legally established companies that have moved past the ideation stage and need capital to prove their concept or begin scaling. We are not passive check-writers. Our team brings hands-on experience across military leadership, finance, healthcare, and operations and we roll up our sleeves alongside the founders we back.
If you're building something real in this region and need more than capital, we want to hear from you.the Enterprise Fund
Coming Soon.
Contact Us
Interested in learning more? We'd love to hear from you.
Whether you're a potential portfolio company, a fellow investor, or simply curious about what we're building in the Northwoods — reach out. We respond to every message.