TLDR:
- North Sky Capital raises $250 million for impact fund focused on energy transition, climate tech, circular economy, and healthy living sectors
- CG VI fund is an EU Sustainable Finance Disclosure Regulation Article 8 fund, promoting environmental or social characteristics
Impact investor North Sky Capital has successfully raised $250 million for its impact secondaries fund, Clean Growth VI (CG VI). This fund is primarily focused on investing in the energy transition, climate tech, circular economy, and healthy living sectors. Founded in 2000, North Sky Capital aims to create positive social and environmental impact while generating strong financial returns through its investment strategies of impact secondaries and sustainable infrastructure.
The company has deployed over $1.4 billion across more than 140 impact investments on behalf of its various impact funds. CG VI is an EU Sustainable Finance Disclosure Regulation Article 8 fund, indicating its promotion of environmental or social characteristics. Fund investors include pension plans, foundations, wealth management platforms, and family offices from across the United States, Canada, Brazil, Singapore, and the UK/Europe.
North Sky has already deployed nearly 60% of the CG VI funds and is scheduled to make its first distribution to investors later this month. Tom Jorgensen, Co-Head of the impact secondaries team, highlighted the diverse range of investments being pursued globally in developed markets, including sectors such as water remediation, smart grid, natural consumer products, heat pumps, EV charging, and healthcare. He noted the significant growth and depth of the impact marketplace compared to a decade ago.
The company’s CEO, Scott Barrington, praised the secondaries team for their strong returns and impactful work in creating a cleaner, greener planet. North Sky’s focus on sustainable investing has positioned it at the forefront of the movement since 2005, leveraging its global network to source impactful investments. Overall, the successful fundraise for CG VI solidifies North Sky’s commitment to driving positive change through its investments.
