North Sky Capital’s sustainable infrastructure funds exited four investments during 2021, spanning utility-scale, commercial and industrial, and municipal/community projects across six U.S. states. The assets were sold to a diverse group of strategic and financial buyers, according to the firm.
Among the assets was the penultimate asset in North Sky’s first sustainable infrastructure fund, which deployed $240 million across 15 investments between 2010 and 2015. The other three exits represented the seventh, eighth and ninth liquidity events in North Sky’s second sustainable infrastructure fund, which deployed $325 million across 14 investments between 2015 and 2019.
Together, these funds financed the development and/or construction of more than 3 gigawatts of new clean energy generating capacity in North America.
“The demand for sustainable assets continues to be strong,” said Adam Bernstein, managing director of North Sky. “The types of core infrast
