# North Sky Capital, LLC

> 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.

- CRD: 133959
- Filed as: NORTH SKY CAPITAL, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Wayzata, MN
- Filing period: October 2026
- Form ADV filing dated: March 25, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/133959
- AdvisorCensus page: https://advisorcensus.com/firm/north-sky-capital-llc-wayzata-mn-133959

## Quick answers

**How is North Sky Capital, LLC compensated?**
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.

**Where is North Sky Capital, LLC located?**
North Sky Capital, LLC's principal office is in Wayzata, MN, according to its Form ADV.

**Is North Sky Capital, LLC registered with the SEC or a state?**
North Sky Capital, LLC is an SEC-registered investment advisory firm, registered since 2005. Status as filed: Approved. CRD 133959.

**How much does North Sky Capital, LLC manage?**
North Sky Capital, LLC reports $986,144,451 in regulatory assets under management in its Form ADV filing dated March 25, 2026 (100% discretionary).

**How have North Sky Capital, LLC's assets and staff changed since 2021?**
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.

**What types of clients does North Sky Capital, LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (15).

**Does North Sky Capital, LLC report any disciplinary disclosures?**
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

**Does North Sky Capital, LLC state an account minimum?**
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."

**What changed in North Sky Capital, LLC's recent Form ADV filings?**
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.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Fees and minimums (Form ADV Part 2A brochure dated March 25, 2026)

- Account minimum: $1,000,000 (the brochure says it may be waived or negotiated)

> 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.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Regulatory assets under management (Item 5.F)
- Total: $986,144,451
- Discretionary: $986,144,451
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 15 | $986,144,451 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2005 (21 years)
- Employees: 17 total, 13 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: MN
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- northskycapital.com
- LinkedIn @1578253
- X @NORTHSKYCAPITAL

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $883,173,240 | 15 | March 19, 2021 |
| October 2022 | $976,592,004 | 19 | March 30, 2022 |
| October 2023 | $1,002,717,514 | 19 | July 25, 2023 |
| October 2024 | $852,395,109 | 20 | April 1, 2024 |
| October 2025 | $869,193,743 | 20 | March 31, 2025 |
| October 2026 | $986,144,451 | 17 | March 25, 2026 |

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.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $869,193,743 to $986,144,451 (+13%).
- Employees performing advisory functions went from 15 to 13.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. North Sky Capital, LLC (CRD 133959): Form ADV filing data as of October 2026.