North Sky Capital, LLC
North Sky Capital is a pioneer in impact investing. Our impact private equity (secondaries) and sustainable infrastructure funds target market rate returns while making positive environmental and social impact.
In the firm's own words, from its website.
15 additional team members, 11 additional investments, funds and LPs, 18 events, 50 verified contacts (27 professional url, 12 published business email, 10 direct business phone, 1 firm phone)
Every relationship, signal and contact on this record, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
What matters now
- 1 companynew in 12 months
1 new company in the last 12 months. Took 1 board seat on new Form D filings in 90 days (OBE Power Networks 1).
A firm writing cheques this quarter is one a founder can pitch now.
- 1 companyportfolio raising
One portfolio company has new financing on record in 6 months without this firm named on the round; the latest on 30 Jul 2026 ($1.92M sold on Form D).
A portfolio company raising again is a follow-on decision for the firm and a co-investment opening for others.
People to know
View all people- Managing DirectorWhy: Managing directorEmailPhoneProfile
- Managing DirectorWhy: Managing directorNo route on file yet
- Managing MemberWhy: Named with investment responsibilityNo route on file yet
Relationship network
33 connected entities
From financing rounds and every investor named in them, Form ADV and Form D filings, the firm's funds and team, and disclosed LP commitments in the venture capital graph. A round's amount is the size of the round, not money that moved between two investors.
Some relationships on this record are counted rather than named here. They open with the full profile.
Click any name or line for the rounds and sources behind it. Line weight is rounds together; dashed lines are inferred.
- Company
- Fund or vehicle
- Person
›How strength and recency are read
Co-investors are read from the rounds: three or more shared rounds is a strong observed relationship, two a repeat co-investor, one a single round. Funds and people are structural. Nothing is scored that a reader cannot check.
Darker lines were active in the last 24 months or are current; lighter lines are older or undated.
How am I connected?
Name your firm, a company or a person, and DFX finds the published routes to North Sky Capital, LLC: a shared portfolio company or board, a prior employer, a co-investor, a shared LP or service provider. Every step is a filed or published record with its source; none is a guess about who knows whom.
See how you connect to North Sky Capital, LLC
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Investing
1 company on record, 1 new in 12 months
Investments on record
What these amounts mean“This investor” is the amount disclosed for this investor alone; it is unknown unless a source said it. The round size is the whole round.Acquired, Public, Exited and Active are what the firm’s own portfolio card says, read on the date shown when you hover the chip; they are not deal dates. A company with no chip is one whose card states no outcome: DFX does not assume it is active.| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| OBE Power Networks 1, LLC | board seat | unknown · board | Ying Lucy Fan (strongly supported) | unknown | unknown | Aug 14, 2026 | Inference Form D |
Stated thesis versus observed behaviour
- Sectors
- marketplaces, climate, agtech
- Stages
- not stated or not yet read
- Geography
- not stated
- Check size
- not stated; DFX does not estimate checks from round sizes
Team
22 current, 0 departed
Decision makers
- Adam Bernstein · Managing DirectorWhy this person: Managing director; Named with investment responsibility; Confirmed current on the firm's own site 2026-10-01Business phone, LinkedIn or profile link and work email on file (their bio on the firm's website, firm website), confirmed 2026-10-01, confidence 90%
- Daniel Adam Zouber · Managing DirectorWhy this person: Managing director; Named with investment responsibility
Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. 1 with a route on file. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.
Investment team
How the team is orderedPartners who lead rounds first (rounds led, then deals attributed, then seniority), then the rest of the investment team, then investor relations, finance and operations. A person named by two sources under two spellings is shown once.- Managing Member
- Managing Director
- Managing Director
Contacts
12 published business email, 1 firm phone, 10 direct business phone, 27 professional url on record, each with its source. Values open with the complete profile.
Funds and LPs
9 vehicles, 0 LPs disclosed
Funds and vehicles
What these amounts meanGAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Clean Growth Fund VI, LP | Growth fund | 2022 form d first sale | Active deployment | $373M Mar 25, 2026 | 187 | $252M | Jul 11, 2024 |
| Clean Growth Feeder Fund VI, LP | Growth fund | 2022 form d first sale | Active deployment | $59.3M Mar 25, 2026 | 39 | $39.7M | Jul 11, 2024 |
| Clean Growth Feeder Fund V, LP | Growth fund | 2019 form d first sale | Mature | $31.5M Mar 25, 2026 | 5 | $35.7M of $35.7M | Sep 19, 2019 |
Limited partners
Known LPs and allocators
What these amounts and dates areEach commitment is counted once across the pension tape and the allocator graph. A commitment date prints only when the source printed one; otherwise the row carries the report date. A foundation’s 990-PF line is a holding at fair value, never a commitment. Rows without a fund on the venture graph are commitments to this manager.| Allocator | Type | Fund | Amount | Date | Source |
|---|---|---|---|---|---|
| Hampshire Foundation Inc | FOUNDATION | Clean Growth Feeder Fund VI, LP | $679,948 fair value on the foundation's return | reported as of Dec 31, 2024 | Fact IRS Form 990 / 990-PF e-file returns |
| Frank E Payne and Seba B Payne Foundation | FOUNDATION | Clean Growth Feeder Fund VI, LP | $1.0M fair value on the foundation's return | reported as of Dec 31, 2024 | Fact IRS Form 990 / 990-PF e-file returns |
Relationships across DFX
0 co-investors · on 4 other DFX graphs
Co-investors
Across DFX and the capital chainon 4 other DFX graphs · 4 capital paths ShowHide
- Sponsor-market profile (matched by same CRD)
- The same institution is held on Allocators, Independent Sponsors, Private Equity, RIA and Wealth, matched by identifier. See which records
North Sky Capital, LLC is the same institution as 4 records in Allocators, Independent Sponsors, Private Equity and RIA and Wealth.
DFX found 4 relationships across 4 datasets
Which record it is in each graph, what it is called there, and how the two were matched.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Checking your plan…
North Sky Capital, LLC sits on 4 traced paths of capital across the graphs.
DFX traced 4 paths of capital through this record
Every record on each path, what it committed or lent, and as of when.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.
Checking your plan…
Evidence and history
23 dated events, 70 observations from 4 sources
Timeline
- Mar 25, 2026Clean Growth Fund VII, LP first reported on Form ADV by North Sky Capital, LLC (Venture Capital Fund), GAV $156,360,750
- Mar 25, 2026NSC Feeder Fund VII, LP first reported on Form ADV by North Sky Capital, LLC (Venture Capital Fund), GAV $9,000,000
- Dec 5, 2025North Sky Capital, LLC filed the first Form D for Clean Growth Fund VII, LP (fund 7), its next fund after Clean Growth Fund VI, LP (vintage 2022)
- Sep 1, 2023Daniel Adam Zouber joined Schedule A of North Sky Capital, LLC as Managing Director
- Mar 30, 2023North Sky Venture Fund III, L.P. no longer reported on Form ADV by North Sky Capital, LLC
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Mar 25, 2026 · 15 private fundsShowHide
- Headquarters
- Wayzata, MNadviserinfo.sec.gov
- Office address
- unknownadviserinfo.sec.gov
- Business phone
- unknownadviserinfo.sec.gov
- Website
- NORTHSKYCAPITAL.COM
- SEC adviser type
- Registered investment adviseradviserinfo.sec.gov
- SEC exemption claimed
- unknown
- Latest Form ADV
- Mar 25, 2026
- Private funds reported
- 15 (7 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets, adviser total
- $1.1Badviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- Regulatory AUM
- $986Mthe adviser's RAUM, a regulatory measure, never a fund size
- Employees
- 17
Classification history
Classification history
Every classification this record has carried1 on recordShowHide
- Sep 12, 2026Private equity with venture activity (probable, 75%)Registered adviser; venture funds are 48% of 15 private funds
Evidence
Every observation behind this profile, with its source, date and class
| Fact | Value | Effective | Class | Source |
|---|---|---|---|---|
| Why admitted | VC funds reported | Mar 25, 2026 | Fact | Form ADV |
| SEC adviser type | Registered investment adviser | Mar 25, 2026 | Fact | Form ADV |
| SEC adviser type | Registered investment adviser | Mar 25, 2026 | Fact | Form ADV |
| SEC adviser type | Registered investment adviser | Apr 1, 2024 | Fact | Form ADV |
| First Form ADV filing | 2011-12-21 | Mar 25, 2026 | Fact | Form ADV |
| First Form ADV filing | 2011-12-21 | Apr 1, 2024 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-30 | Oct 1, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-29 | Sep 30, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-25 | Sep 26, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-23 | Sep 24, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-21 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-22 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1 | Sep 12, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-03-25 | Mar 25, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-03-25 | Mar 25, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2024-04-01 | Apr 1, 2024 | Fact | Form ADV |
| SEC status | Approved | Mar 25, 2026 | Fact | Form ADV |
| SEC status effective | 2005-03-17 | Mar 25, 2026 | Fact | Form ADV |
| Venture share of reported funds | 0 | Mar 25, 2026 | Fact | Form ADV |
| Venture share of reported funds | 0 | Apr 1, 2024 | Fact | Form ADV |
| Business phone | Mar 25, 2026 | Fact | Form ADV | |
| Business phone | Apr 1, 2024 | Fact | Form ADV | |
| Contact page url | Sep 30, 2026 | Fact | ||
| Contact page url | Sep 16, 2026 | Fact | ||
| Description | Sep 30, 2026 | Fact | ||
| Description | Sep 16, 2026 | Fact | ||
| Description | Sep 15, 2026 | Fact | ||
| Employees | 17 | Mar 25, 2026 | Fact | Form ADV |
| Employees | 20 | Apr 1, 2024 | Fact | Form ADV |
| Headquarters | Wayzata, MN | Mar 25, 2026 | Fact | Form ADV |
| Headquarters | Wayzata, MN | Apr 1, 2024 | Fact | Form ADV |
| Office address | Mar 25, 2026 | Fact | Form ADV | |
| Office address | Apr 1, 2024 | Fact | Form ADV | |
| Legal form | Limited Liability Company | Mar 25, 2026 | Fact | Form ADV |
| Other funds reported | 7 | Mar 25, 2026 | Fact | Form ADV |
| PE funds reported | 1 | Mar 25, 2026 | Fact | Form ADV |
| Private funds reported | 15 | Mar 25, 2026 | Fact | Form ADV |
| Private funds reported | 15 | Mar 25, 2026 | Fact | Form ADV |
| Private funds reported | 15 | Apr 1, 2024 | Fact | Form ADV |
| Private fund gross assets (reported) | $1.1B | Mar 25, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $1.1B | Mar 25, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $655M | Apr 1, 2024 | Fact | Form ADV |
| Regulatory AUM (adviser, not fund size) | $986M | Mar 25, 2026 | Fact | Form ADV |
| Regulatory AUM (adviser, not fund size) | $852M | Apr 1, 2024 | Fact | Form ADV |
| Schedule a diff | sadiff-1 | Sep 29, 2026 | Fact | Form ADV |
| Stated sectors | Marketplaces, climate, agtech “sector words on the home page” | Sep 30, 2026 | Fact | |
| Stated sectors | Marketplaces, climate, agtech “sector words on the home page” | Sep 16, 2026 | Fact | |
| Stated sectors | Marketplaces, climate, agtech “sector words on the home page” | Sep 15, 2026 | Fact | |
| Team page | Sep 30, 2026 | Fact | ||
| Team page | Sep 16, 2026 | Fact | ||
| Team page | Sep 15, 2026 | Fact | ||
| Venture funds reported | 7 | Mar 25, 2026 | Fact | Form ADV |
| Venture funds reported | 7 | Mar 25, 2026 | Fact | Form ADV |
| Venture funds reported | 7 | Apr 1, 2024 | Fact | Form ADV |
| Website | Apr 1, 2024 | Fact | Form ADV | |
| Site title | Sep 30, 2026 | Fact | ||
| Site title | Sep 16, 2026 | Fact | ||
| Site title | Sep 15, 2026 | Fact |
How this is scored
Scores, classification basis and filing advisersPrivate equity with venture activity, probableShowHide
Registered adviser; venture funds are 48% of 15 private funds
- importance
- gav: 0.58 · funds: 0.67 · people: 0.4 · investments: 0 · scale basis: Venture-typed funds only (Private equity with venture activity): 8 funds, $846M of $840M reported · co investors: 0
- active deployment
- investments 12m: 0.13 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 0 · latest investment at: 2026-08-14
- emerging manager
- fund count: 14 · reported gav: $840M · first adv filing: 2011-12-21 · years since first filing: 14.8
Fits, record history and connections
scored matches for this investor, every identity change, every edge
Fits
- score 32.6confidence 90%Why: sector fit; activity; analogousWatch: adjacent portfolio
- score 32.6confidence 90%Why: sector fit; activity; analogousWatch: adjacent portfolio
Scored by DFX match engines from the record's observed portfolio, stage, geography and recent activity. A fit is a reason to look, not a mandate; the blockers say what the model could not confirm. Names and the evidence sentences show with the names on this page.
Record history
- Adviser's first ADV filing2011-12-21source on record
The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.