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.