Secondaries is Emerging as an Impact Opportunity

Minneapolis, MN — In a recent New Private Markets piece by Charles Avery, Scott Barrington, co-CEO of North Sky Capital, discusses how secondaries are becoming an “impact opportunity.”

Scott notes the uptick in opportunities North Sky is experiencing, stating, “We are seeing a significant surge in impact secondaries opportunities. LPs and GPs are looking to us right now for innovative liquidity solutions, and we feel as if we are drinking out of a fire hose.”

North Sky launched the first impact secondaries fund in the world in 2013, followed by three successor funds. New Private Markets’ impact database tracks 1,300 closed funds. Only seven of such funds (0.5%) include secondaries as part of their strategy, including the four North Sky funds that are 100% dedicated to impact secondaries.  “There is a lot of white space, and we are taking advantage of that for our investors,” he added. Currently, North Sky has committed 86% of its fourth impact secondaries fund across 28 investments.  Read the full article here.

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