Minneapolis, MN – North Sky Capital and CEO Scott Barrington were recently spotlighted in the Minneapolis-based Star Tribune by reporter Patrick Kennedy. The full-length feature highlighted North Sky’s record of innovation and success as a pioneer in impact investing over the past 16 years.
Scott discussed how North Sky saw advances in clean technologies early on and realized the potential of impact investing ahead of the curve.
“We were telling people this is a movement, this is coming, this is an investment trend, and you should get on board early,” Scott said.
Scott described the firm’s two strategies — sustainable infrastructure and impact secondaries — as well as where North Sky sees future opportunities.
North Sky has focused its sustainable infrastructure investments on clean power, electric grid enhancement and environmental infrastructure, which is where North Sky currently sees the biggest opportunities, particularly renewable natural gas.
One such investment is Project Golden Bear in California – which captures methane from a water treatment facility and converts it to renewable natural gas that is sold to a local gas utility. This public private partnership generates substantial positive environmental impact by capturing 6,000 metric tons of methane that would otherwise be released into the atmosphere to produce renewable natural gas to supply 4,470 homes each year. It also simultaneously produces meaningful social impact as the project creates prevailing wage green jobs for the local community.
North Sky’s early role at the nexus of the impact investing ecosystem allowed the firm to launch the industry’s first impact secondaries fund in 2013. Through this strategy, North Sky invests across the four themes of cleantech/climatech, sustainable food and agriculture, health care, waste and water.
Since 2005, North Sky has made great strides in setting and achieving sustainability goals.
“We think we have something pretty unique, pretty special, and we like to share it,” Scott says.
The full article is available here.
About North Sky Capital
North Sky Capital is a pioneer in impact investing in the United States. Now in its 21st year, North Sky has deployed more than $1.1 billion across 125 impact investments on behalf of its ten impact funds. The Firm’s active investment strategies focus on impact private equity (secondary strategy) and sustainable infrastructure (direct strategy) that support positive environmental and social change while targeting market rate investment returns. Based in Minneapolis with additional offices in Boston and New York, North Sky is one of the most active impact investment managers. For more information, visit northskycapital.com.