North Sky Capital Targets $350m for Fourth Infrastructure Fund

Midmarket investment firm North Sky Capital is targeting $350m for its fourth sustainable infrastructure fund, according to people familiar with the effort.

Firm’s strategy includes investments in sustainable infrastructure and impact-focused secondaries.

Wayzata, Minnesota-based North Sky, which traces its roots to Piper Jaffray Private Capital, manages money across two private investment strategies, one focused on sustainable infrastructure and the other on secondary investments in impact assets. It raised $220m for its fifth impact secondary fund in September 2019.

North Sky Capital is a pioneer in impact investing, bringing about positive social and environmental change while targeting superior investment returns across its impact private equity (secondaries) and sustainable infrastructure strategies. Founded in 2000 and with offices in Minneapolis, New York and Boston, North Sky is one of the largest and most active impact investment managers in North America. To date, North Sky has raised $1.5bn in committed capital, including more than $1bn across its nine impact funds.

Source: Wall Street Journal