
Year Founded: 2000
AUM: $1.7B | Dry Powder: $275.1M
701 Lake Street East Suite 350 Wayzata, MN 55391, US
North Sky Capital is a private markets investment firm founded in 2000 and is based in Minneapolis, Minnesota. The firm prefers to acquire companies operating in the cleantech, climate tech, waste and water, sustainable food and agriculture and healthy living sectors
Key Contacts
-
Scott Barrington
Chief Executive Officer & Managing Director
-
Angela Wood
Chief Financial Officer
-
Gretchen Postula
Managing Director & Head of Investor Relations
Investment Preferences
-
Preferred Industries
Agriculture, Business Products and Services (B2B), Food Products, Healthcare, Water Utilities
-
Geographical Preference
Australia, Canada, Central America, East Asia, North America, Northern Europe, Southern Europe, Western Europe
-
Preferred Deal Types
Buyout/LBO, Early-Stage VC, Later Stage VC, PE Growth/Expansion, Secondary Buyout, Secondary Transaction – Private
-
Other Investment Preferences
Long-Term Investor, Prefers minority stake, Seeks ESG investments, Seeks Impact investments, Will syndicate
Investments By Year
Funds Closed
Size: $200M
Dry Powder: $89M
Details: The fund targets investments in the infrastructure sector
Size: $219.6M
Dry Powder: $80M
Details: The fund seeks impact investments in the energy and transportation sectors
Size: $240M
Dry Powder: $34M
Details: The fund finances the construction and/or re powering of solar, wind, hydro, energy storage & other related projects
Investments By Industry
Investments By Region
Key Investments
In July 2022, ComRent International received an undisclosed amount of development capital from North Sky Capital. ComRent offers turnkey load testing services to the wind, solar, utility substations and healthcare industries
In January 2022, Community Energy secured an undisclosed amount of venture funding from North Sky Capital. Community Energy is a developer of renewable energy projects including wind and solar
In November 2021, General Fusion, a utility-scale fusion power developer, received $132.2 million of Series E venture funding in a deal led by Temasek. North Sky Capital, IBX, Thistledown Foundation, Business Development Bank of Canada and other investors also participated in the funding round. The funds will be used to develop General Fusion’s technology
In January 2020, North Sky Capital’s Alliance Fund II acquired 51MW Grand Ridge Energy II and the 49.5MW Grand Ridge Energy III wind farms in LaSalle county from Stanton Equity Trading Delaware LLC. The projects hold long- term power purchase agreements with Appalachian Power Co.
In July 2019, North Sky Capital provided financing as a financial sponsor to Soltage in its acquisition of 14MW solar assets in North Carolina from ReNew Petra
In October 2018, North Sky Capital backed Nautilus Solar Energy acquired a 6.6MW community PV portfolio in Maryland for an undisclosed amount
In December 2017, North Sky Capital invested an undisclosed amount of development capital in KDC Solar. The funding will be used to provide development capital and permanent project equity for a portfolio of four solar PV projects located in New Jersey
In October 2017, North Sky Capital backed Nautilus Solar Energy, acquired Clean Energy Collective’s 5.4MW community solar portfolio
In September 2017, North Sky Capital invested $25 million in JLM Energy which is an innovative technology company that creates renewable energy generation and energy storage solutions and products
In July 2017, Southern Current, developer and installer of solar utility systems, received an undisclosed amount of development capital from North Sky Capital, MMA Capital Management and New Energy Capital. The fund has been used for project financing
Other Details
Founded in 2000, North Sky is an innovator in the impact investment marketplace. Since its inception, North Sky has raised more than $1.7 billion of investor commitments. So far, it has invested approximately $700 million in 38 projects, creating 3.3GW in clean power generation.
In April 2022, North Sky Capital launched its latest open fund, “Clean Growth Fund VI”. The fund has a target size of $350 million and will invest in the cleantech sector.
Advent-Morro Equity Partners, Arcapita, Argonaut Private Equity, BASF Venture Capital, Crosslink Capital, DBL Partners, Emerald Technology Ventures, EnerTech Capital, GM Ventures, InvestEco Capital, MediaWin & Partners, New Energy Capital, NGP Energy Technology Partners, Triton Systems, The Carlyle Group, Virgo Investment Group, Walden Venture Capital, XPV Water Partners are some of the co-investors who invest alongside North Sky Capital.
Source: Pitchbook, Company Website, Press Release