Browse the world's most comprehensive database of hedge fund investor letters, sorted by recent quarter. Access primary source research from leading institutional managers.
Browse the world's most comprehensive archive of hedge fund manager letters. Access primary source research from leading institutional managers, sorted by reporting period.
The fund delivered 11.29% in Q2 2026, outperforming on strength in AI-related infrastructure, semiconductors, and EV charging. After a lost decade, UK small caps trade below long-term averages with stabilizing earnings. The managers see catalysts in political stability, deregulation, and M&A interest. Portfolio positioning emphasizes cash-generative growth businesses capable of withstanding uncertainty while capturing recovery upside.
Full Quick Take
The fund delivered 11.29% in Q2 2026, outperforming on strength in AI-related infrastructure, semiconductors, and EV charging. After a lost decade, UK small caps trade below long-term averages with stabilizing earnings. The managers see catalysts in political stability, deregulation, and M&A interest. Portfolio positioning emphasizes cash-generative growth businesses capable of withstanding uncertainty while capturing recovery upside.
North Sky Capital sees strong opportunities in sustainable infrastructure despite Trump administration policy changes. Energy storage and solar manufacturing are driving growth, with SIF IV's first investment already at 1.41x MOIC. Impact secondaries offer attractive 58% NAV pricing. Portfolio positioning in renewable energy, storage, and specialty solar projects remains resilient to policy headwinds while benefiting from AI-driven energy demand.
Full Quick Take
North Sky Capital sees strong opportunities in sustainable infrastructure despite Trump administration policy changes. Energy storage and solar manufacturing are driving growth, with SIF IV's first investment already at 1.41x MOIC. Impact secondaries offer attractive 58% NAV pricing. Portfolio positioning in renewable energy, storage, and specialty solar projects remains resilient to policy headwinds while benefiting from AI-driven energy demand.
EdgePoint discovered Lincoln Electric through proprietary research connecting hydrogen economy trends to industrial applications. The century-old welding company offers dual optionality in EV charging infrastructure and 3D printing, trading at 17x base earnings excluding growth catalysts. The firm's unconstrained global mandate and long-term focus enable identification of overlooked opportunities across traditional sector boundaries.
Full Quick Take
EdgePoint discovered Lincoln Electric through proprietary research connecting hydrogen economy trends to industrial applications. The century-old welding company offers dual optionality in EV charging infrastructure and 3D printing, trading at 17x base earnings excluding growth catalysts. The firm's unconstrained global mandate and long-term focus enable identification of overlooked opportunities across traditional sector boundaries.
North Sky Capital is capitalizing on energy transition tailwinds through impact secondaries and sustainable infrastructure. EV adoption accelerating with charging infrastructure investment needs creating opportunities. Solar deployment hitting records despite panel price collapse. Secondary markets offer buyer-friendly conditions as LPs seek liquidity. Strong policy support from IRA driving renewable project economics with 2024 expected to exceed 2023's record deployment.
Full Quick Take
North Sky Capital is capitalizing on energy transition tailwinds through impact secondaries and sustainable infrastructure. EV adoption accelerating with charging infrastructure investment needs creating opportunities. Solar deployment hitting records despite panel price collapse. Secondary markets offer buyer-friendly conditions as LPs seek liquidity. Strong policy support from IRA driving renewable project economics with 2024 expected to exceed 2023's record deployment.
