In brief: North Sky adds sustainable infra veteran to its roster

The US firm has hired Ying Lucy Fan from a battery storage developer to help invest, operate and manage sustainable infrastructure assets.

North Sky Capital has brought on a veteran of the energy transition space in Ying Lucy Fan, who is joining the US-based firm as vice-president for sustainable infrastructure.

Fan has left her position directing commercial operations and transactions at Ontario-based battery storage developer Peak Power to work again alongside Adam Bernstein, who heads North Sky’s sustainable infrastructure practice. Fan previously spent more than four years as a senior associate at New Energy Capital, where she and Bernstein acted as sub-advisers to North Sky infrastructure funds.

In a statement, Bernstein credited Fan with bringing a “highly specialised skill set” to North Sky’s investment strategy. For more than two decades, the Minnesota-based firm has deployed more than $1 billion across nine impact investment funds targeting clean and sustainable infrastructure assets.

North Sky ranked 15th in New Private Markets’ inaugural Impact 20 ranking of sustainability-focused asset managers which was unveiled last month. Last September, the firm closed its latest fundraise – Clean Growth Fund V – on $220 million.