Minneapolis, MN – North Sky Capital (“North Sky”), a pioneer in impact investing, is pleased to announce that it has made the final investment from Clean Growth V, an impact secondaries fund. The investment was structured to provide attractive return potential with downside protection and centered on an LP interest in a 2018 fund managed by a highly experienced climatech general partner with whom North Sky has had a nearly two-decade long relationship.
In the last 17 years, North Sky has been an innovator in private markets impact investing and invests out of two flagship strategies: sustainable infrastructure (direct investments) and impact secondaries (private equity). Among other “firsts”, North Sky was the first firm worldwide to offer an impact secondaries strategy. The firm is now sourcing investments for its 11th impact fund.
Clean Growth V invested across four impact themes: cleantech/climatech, waste & water, sustainable food & agriculture and healthy living. All North Sky impact fund portfolios are mapped to the UN Sustainable Development Goals (“SDGs”). The final investment in Clean Growth V mapped to SDGs 7 (affordable and clean energy), 8 (decent work and economic growth), 9 (industry, innovation and infrastructure) and 11 (sustainable cities and communities).
About North Sky
North Sky Capital is a pioneer in impact investing in the United States. Now in its 23rd year, North Sky has deployed more than $1.2 billion across 125+ impact investments on behalf of its various impact funds. The firm’s flagship strategies support positive environmental and social impact while targeting market rate investment returns. North Sky has been an active impact investor since the beginning of the modern era of private markets impact investing in 2005-6. For more information, visit northskycapital.com.