North Sky Capital, an investment firm that specializes in clean technology, has promoted managing partner Danny Zouber to the newly created position of co-CEO.
Effective immediately, Zouber will work alongside co-CEO Scott Barrington, who has led the firm since 2005.
Barrington said Zouber has been a leader at the Wayzata-based firm and played a critical role in nearly all of the firm's funds for nearly two decades.
“Danny and I have been sharing leadership duties for the last several years as our firm grew and as Danny shouldered more and more of the management responsibility that came with that growth," Barrington said in a statement.
As co-CEO, Zouber is responsible for sourcing, analyzing, executing and monitoring the firm’s investments. He is also actively involved in strategic planning, fund development and staffing decisions, according to the firm's website.
Zouber started at North Sky Capital in 2006 and has launched several investment efforts at the firm, including investments in clean technology and sustainable infrastructure.
In 2020, Zouber started the firm's Low Income Communities initiative, which allocates tax credits to underserved, mostly rural, communities. Most recently, Zouber and Tom Jorgensen, co-head of North Sky’s secondaries strategy, helped raise more than $250 million for its fourth sustainable infrastructure fund, Clean Growth VI. The fund invests in energy transition, climate technology, healthy living and related sectors.
Zouber previously worked at Piper Jaffray Ventures, Sightline Partners and Deephaven Capital. He received his bachelor’s degree in finance, investment and banking from the University of Wisconsin-Madison.
North Sky was established in 2000 as part of Piper Jaffray and was spun out in 2010. It has focused on impact investing, or making investments in companies that do good for the world such as companies with a focus on sustainability.
North Sky has two types of funds: its infrastructure funds, which have made 30 investments in areas like renewable energy and waste, and its secondaries funds, which buy existing stakes in clean-tech funds and venture capital.
Since being founded, the firm has deployed more than $1.4 billion across 180-plus impact investments. Some of its portfolio companies included big names such as Tesla Motors Inc., Twitter Inc. (now X), Groupon Inc. and internet-radio firm Pandora Media Inc.
