North Sky Capital, LLC (Minneapolis)

Name: North Sky Capital, LLC
Address: 33 South Sixth Street, Minneapolis, MN, 55402
Telephone: 612-435-7150

North Sky Capital, LLC is a large advisory firm based in Minneapolis. It manages $818.8 million of regulatory assets for 18 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdiction of Minnesota.

North Sky Capital provides portfolio management for pooled investment vehicles and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

North Sky Capital: assets under management

The assets under management (AUM) of North Sky Capital, LLC is $818.8 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 22% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $818.8 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $45.49 million each.

North Sky Capital has custody of $535.01 million in cash and securities for 18 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay North Sky Capital, LLC for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients North Sky Capital serves?

The only and largest group of clients of North Sky Capital is pooled investment vehicles with 18 clients and $818.8 million of assets under management. Among the 10 most similar advisory firms, North Sky Capital has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $818.8 million for 18 clients. None of the firm’s clients are foreign persons or businesses.

North Sky Capital also advises several private funds. Namely, four other private funds, six private equity funds, and eight venture capital funds. The minimum investment commitment required of non-related persons ranges from $0 to $5,000,000.

Careers at North Sky Capital, LLC

The company employs 12 people that are either part- or full-time employees. 58 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Scott Leonard Barrington	Managing member	1 Nov 2007	Other	2223584
Gretchen S Postula	Chief compliance officer	1 Dec 2010	Other	4183011

Based in Minneapolis

The principal office where North Sky Capital, LLC performs its advisory services is located at 33 South Sixth Street, Minneapolis, MN 55402, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 612-435-7150 or by fax 612-435-7151. The normal business hours are 8am-5pm on Monday - Friday. You can find more information about the New York firm at northskycapital.com.