New Energy Capital Partners, LLC (“NEC”), a leading alternative asset management firm focused on debt and equity investments in small- and mid-sized clean energy infrastructure projects and companies, today announced its appointment as sub-advisor to North Sky Capital’s Alliance Fund II (the “Fund”). This represents NEC’s second affiliation with North Sky Capital having acted as a manager to North Sky’s $207 million Alliance Fund I in 2012.
North Sky Capital’s Alliance Fund II is a $240 million fund that finances the construction and/or repowering of solar, wind, hydro, energy storage and other related projects. Investors include Taft Hartley pension plans, foundations, and family offices.
Scott Brown, Chief Executive Officer of NEC, said, “We are happy to extend our work with North Sky Capital and serve as a sub-advisor to their latest Fund. We think our industry experience and risk management processes, coupled with our broad diversification across the renewable energy markets, regulatory regimes, and technologies, offers North Sky’s investors unique access to the clean energy industry. We look forward to a long and prosperous relationship in the years ahead.”
About New Energy Capital Partners
New Energy Capital Partners, LLC is a leading alternative asset management firm which invests across the capital structures of small- and mid-sized clean energy infrastructure projects and companies. Since its founding in 2004, NEC has participated in more than 25 transactions across a broad array of industry verticals, including solar, energy efficiency, storage, landfill gas, waste water treatment, and biofuels totaling more than $2 billion in total asset value. NEC is headquartered in Hanover, New Hampshire.
About North Sky Capital
North Sky Capital is a registered investment adviser and a leader in impact investing with $1.2 billion in committed capital across its various funds (primary, secondary, co-investment and infrastructure). North Sky was established in 2000 and is based in Minneapolis, MN and Seattle, WA. For more information, visit www.northskycapital.com. Download Full Press Release