North Sky Capital, an impact and sustainable infrastructure investor, has appointed Angela Wood as chief financial officer, replacing Denise Galvin, who led the firm’s finance function since 2007.
Galvin will stay on as a part-time senior advisor at the Minneapolis-based firm.
Wood has taken over the firm’s financial, treasury, administrative and human resources functions from Galvin, who will stay on to complete its 2020 audit and year-end reporting cycle to its investors and help pass off the baton to Wood.
Galvin will be with the firm on a part-time basis, helping to oversee the operations, compliance and finance functions, as well as providing strategic advice to Wood, North Sky chief executive Scott Barrington and head of investor relations and chief compliance officer Gretchen Postula.
“Angie is the perfect successor to Denise, who has been integral to our growth as a firm since joining North Sky in early 2007,” said Postula. “We are thrilled to have Angie as part of our team and confident Denise will continue to play an important role as a senior advisor.”
Wood has over 20 years of finance experience, and has worn many hats over her career. She previously served as chief financial officer and chief compliance officer for Sawtooth Solutions, where she was on the investment and information security committees. Before that, she was vice-president of finance and administration and chief compliance officer at Mill City Capital, where she also managed the financial, treasury, administrative, human resource and compliance functions.
In September 2019 North Sky raised $220 million for Clean Growth Fund V, more than three times the amount raised for its predecessor. The fund targets buyout, growth equity and venture funds, typically in their fifth to 12th year, which invest in companies that use resources in a sustainable way, help with the transition to renewable energy or encourage better health outcomes and job creation.