North Sky Capital recently announced that it raised $200 million to finance the development and construction of new sustainable assets in low-income communities across the United States. North Sky launched its Low-Income Communities Investment Initiative in late 2019 with two parallel investment vehicles: Infrastructure Investment Fund (IIF), a qualified opportunity fund focused on clean energy, waste and water projects in qualified opportunity zones, and National Impact Fund (NIF), a qualified community development entity focused on clean energy, green manufacturing and sustainable agriculture projects in new markets.
“Our IIF strategy aims to finance sustainable infrastructure projects that create jobs and benefit the lives of people living in low-income communities while also generating market-rate returns,” said Scott Barrington, CEO at North Sky. “We are grateful that so many of our existing investors have decided to join us in this initiative.”
IIF raised