{ "crd_number": 133959, "slug": "north-sky-capital-llc-wayzata-mn-133959", "primary_business_name": "NORTH SKY CAPITAL, LLC", "legal_name": "NORTH SKY CAPITAL, LLC", "dbas": [], "city": "Wayzata", "state": "MN", "country": "United States", "cbsa_code": "33460", "metro": { "cbsa_code": "33460", "common_name": "Minneapolis", "msa_name": "Minneapolis-St. Paul-Bloomington, MN-WI", "path": "/advisors/mn/minneapolis" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2005-03-17", "years_registered": 21, "period": "2026-10-01", "filing_date": "2026-03-25", "carried_forward": false, "raum_total": 986144451.0, "raum_discretionary": 986144451.0, "raum_non_discretionary": 0.0, "raum_band": "500m_1b", "raum_band_label": "$500 million to $1 billion", "total_employees": 17, "advisory_employees": 13, "client_count_bucket": null, "clients_by_type": { "pooled_investment_vehicles": { "raum": 986144451.0, "count": 15 } }, "compensation_types": [ "percentage_of_aum", "performance_based" ], "advisory_activities": [ "portfolio_management_pooled_vehicles", "selection_of_other_advisers" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [ "MN" ], "websites": [ "https://linkedin.com/company/1578253", "https://northskycapital.com", "https://twitter.com/NORTHSKYCAPITAL" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/133959", "city_as_filed": "WAYZATA", "url": "https://advisorcensus.com/firm/north-sky-capital-llc-wayzata-mn-133959", "display_name": "North Sky Capital, LLC", "summary": "North Sky Capital, LLC is an SEC-registered investment advisory firm in Wayzata, MN, registered since 2005, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated March 25, 2026.", "citation": "AdvisorCensus. North Sky Capital, LLC (CRD 133959): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management", "Performance-based fees" ], "advisory_activity_labels": [ "Portfolio management for pooled investment vehicles (other than investment companies)", "Selection of other advisers (including private fund managers)" ], "quick_answers": [ { "q": "How is North Sky Capital, LLC compensated?", "a": "On its Form ADV (Item 5.E, October 2026), North Sky Capital, LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees." }, { "q": "Where is North Sky Capital, LLC located?", "a": "North Sky Capital, LLC's principal office is in Wayzata, MN, according to its Form ADV." }, { "q": "Is North Sky Capital, LLC registered with the SEC or a state?", "a": "North Sky Capital, LLC is an SEC-registered investment advisory firm, registered since 2005. Status as filed: Approved. CRD 133959." }, { "q": "How much does North Sky Capital, LLC manage?", "a": "North Sky Capital, LLC reports $986,144,451 in regulatory assets under management in its Form ADV filing dated March 25, 2026 (100% discretionary)." }, { "q": "How have North Sky Capital, LLC's assets and staff changed since 2021?", "a": "In the Form ADV data for North Sky Capital, LLC: Regulatory assets under management: $883,173,240 in the October 2021 data and $986,144,451 in the October 2026 data, up 12%. Total employees: 15 in October 2021 and 17 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does North Sky Capital, LLC serve?", "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (15)." }, { "q": "Does North Sky Capital, LLC report any disciplinary disclosures?", "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/133959" }, { "q": "Does North Sky Capital, LLC state an account minimum?", "a": "Its Form ADV Part 2A brochure dated March 25, 2026 says: \"Generally, investors must invest a minimum dollar amount of $ 1 million to invest in a North Sky Capital Fund. The general partners of each North Sky Capital Fund has discretion to waive the minimum investment amount.\"" }, { "q": "What changed in North Sky Capital, LLC's recent Form ADV filings?", "a": "In the April 2026 filing data: Regulatory assets under management went from $869,193,743 to $986,144,451 (+13%). Employees performing advisory functions went from 15 to 13." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 883173240.0, "total_employees": 15, "filing_date": "2021-03-19" }, { "period": "2022-10-01", "regulatory_assets_under_management": 976592004.0, "total_employees": 19, "filing_date": "2022-03-30" }, { "period": "2023-10-01", "regulatory_assets_under_management": 1002717514.0, "total_employees": 19, "filing_date": "2023-07-25" }, { "period": "2024-10-01", "regulatory_assets_under_management": 852395109.0, "total_employees": 20, "filing_date": "2024-04-01" }, { "period": "2025-10-01", "regulatory_assets_under_management": 869193743.0, "total_employees": 20, "filing_date": "2025-03-31" }, { "period": "2026-10-01", "regulatory_assets_under_management": 986144451.0, "total_employees": 17, "filing_date": "2026-03-25" } ], "recent_changes": [ { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Regulatory assets under management went from $869,193,743 to $986,144,451 (+13%).", "Employees performing advisory functions went from 15 to 13." ] } ], "fees_from_brochure": { "source": "Form ADV Part 2A brochure dated March 25, 2026", "provided_by_the_firm": false, "tiers": [], "flat_rate": null, "stated_range": null, "stated_maximum": null, "account_minimum": "$1,000,000", "account_minimum_may_be_waived": true, "minimum_annual_fee": null, "planning_fees": [], "figures": [ { "label": "Account minimum", "statements": [ "Account minimum: $1,000,000 (the brochure says it may be waived or negotiated)" ], "quotes": [ "Generally, investors must invest a minimum dollar amount of $ 1 million to invest in a North Sky Capital Fund. The general partners of each North Sky Capital Fund has discretion to waive the minimum investment amount." ] } ], "values": { "tiers": [], "range_pct": null, "max_pct": null, "account_minimum": 1000000.0, "minimum_annual_fee": null, "planning": [] }, "quotes": [ "Generally, investors must invest a minimum dollar amount of $ 1 million to invest in a North Sky Capital Fund. The general partners of each North Sky Capital Fund has discretion to waive the minimum investment amount." ], "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable." }, "custodians": [], "custodians_note": null, "markdown_url": "https://advisorcensus.com/firm/north-sky-capital-llc-wayzata-mn-133959.md", "clients": [ { "type": "pooled_investment_vehicles", "label": "Pooled investment vehicles (other than investment companies and business development companies)", "count": 15, "fewer_than_5": false, "raum": 986144451.0 } ], "disclosure_line": "Reports no disclosure items on Form ADV Item 11.", "disclosure_items": [], "indexable": true, "suppressed": false, "claimed": false, "enhanced": false, "provided_by_the_firm": null, "source": { "name": "Form ADV", "as_of": "2026-10-01", "iapd_url": "https://adviserinfo.sec.gov/firm/summary/133959", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }