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Clean Growth Fund III, LP
United States of America
Last updated 12 May 2020, by Impactyield.
Fund geography
Clean Growth Fund III will provide growth capital to companies with great potential to reduce mankind’s impact on the environment. The fund will also make secondary investments in the funds of established cleantech firms.
Clean Technology is one of the biggest private equity investment opportunities today. The world is undergoing a major transformation as industries respond to global demographics shifts, increasing demand for resources, national security interests, concerns about climate change and the rapidly declining costs of renewable energy systems.
Through North Sky Capital’s Clean Growth Fund III, investors can participate in global opportunities within an expanding and rapidly evolving universe of managers, companies and technologies. The Fund’s highly selective mix of fund and direct investments allows for multiple levels of diversification and risk mitigation. The Fund invests in CleanTech companies that positively impact the environment by improving operational performance via reduced costs, inputs, energy consumption, waste or pollution.
The primary focus of the Fund is generating an outstanding return to investors. Addressable markets are measured in billions, often trillions, of dollars. The global opportunity to invest in impactful investments is enormous.
Asset class
Energy, Fund of Funds, Infrastructure, Private Equity / Venture Capital, Real Assets
Fund status
Fund style
Financial description
Clean Growth Fund III is an opportunistic investment vehicle targeting a mid- to high-teens net IRR for its LPs.
8 years
of track record
2016
the year funded
24,000,000 USD
AUM
Interested in this fund?
Log in or create an account to request more information.
Gain a deeper and comprehensive understanding of how this fund generates positive impact in the themes and SDGs that matter to you, with insights provided by our dedicated team of expert analysts, and receive notifications about new available impact products, exciting investment opportunities, and relevant updates in the world of impact investing.
Asset manager
North Sky Capital
Headquarters location: United States of America
Other funds managed by this asset manager: North Sky Direct Fd IV LpAlliance Fund II, LPClean Growth Fund IVCleanTech Alliance Fund
Impact Category
Key performance indicators
Fund overview
Asset manager: North Sky Capital
Product track record: Fund has 8 years of track record
Target IRR: n.a.
Committed Capital: n.a.
Target return category: Risk-adjusted market-rate of return
Fund domicile: United States of America
Product status: Closed - still investing
Style/Stage: Buy Out, Growth Stage
Inception year: 2016
Vintage year: n.a.
Target region: Asia, Emerging countries
Target close date: n.a.
Product term: 10 years (+2 years ext)
Assets under management: 24,000,000 USD (US Dollar)
Investment size: Min: 250,000; Max: 6,000,000; Avg: 2,500,000
Co-investment policy: Only with LPs
Currency of investments: USD (US Dollar)
Currency for fund / product figures: USD (US Dollar)
Fund investments to date: 7
Fund investments to date exited or repaid: 0
Management fee: 0.65%
Carried interest: 5%
Hurdle rate: 6%%
GIIN Investors' Council Investment: No
Limited Partners / Investors: TBD
Limited Partner / Investor Type: Endowments/Foundations, Family Office, Pension Funds, Other Institutional Investors
Contact
E-mail: n.a.
Website: http://www.northskycapital.com
Phone number: 612-435-7150
If you wish to have your details removed from this database please email gdpr@impactyield.com
Impact Performance
n.a.
Impact thesis
Our investments seek to directly reduce the impact of humanity on the earth and the environment by reducing carbon emissions, pollution and water usage and by increasing the use of renewable resources.
We are highly selective in manager selection, investing only with those managers who share our view of how to approach CleanTech investing. We plan to invest with managers whose aim is to provide growth capital to innovative CleanTech companies that will have a profound impact on our environment, and create a good return for investors. On the direct investment side, we will invest in growth companies that will accomplish this end of improving the world in which we live and yielding a good return. CleanTech sectors targeted include energy (energy storage, grid optimization, energy efficiency products, geothermal, solar, wind, waste-to-energy), water (desalination, re-use, wastewater treatment, infrastructure maintenance, pump technology), transportation (vehicle electrification, fleet management, non-food biofuels, batteries), housing (lighting, insulation, building automation, renewable and advanced materials), sustainability (recycling / re-use, clean chemicals and packaging, pollution control) and food (irrigation, aquaculture, organic).
Impact Management
n.a.