# Sky Israel Private Equity Fund

Sky Israel Private Equity Fund is an Asset Manager based in Tel Aviv, Israel.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Tel Aviv, Israel
- **Region:** Middle East
- **Address:** 20 Lincoln St, Tel Aviv, Israel
- **Founded:** 2005
- **Assets under management:** over $800 million (per the firm)
- **Website:** www.skyfund.co.il
- **LinkedIn:** https://linkedin.com/company/sky-fund

## Regulatory record

- **Reports private funds:** No

## About

SKY is a leading mid-market Israeli Private Equity fund. Founded in 2005 by Zvi Yochman and Nir Dagan, the Fund aims to achieve substantial capital appreciation and current income, principally by taking advantage of investment opportunities in middle market Israeli or Israel-related companies. The Fund's operational, financial and transactional experience along with thorough understanding of local market dynamics enable attractive high long term returns with relatively low risk. SKY currently manages over $800 million in capital in four funds, raised mainly from institutional investors in Israel and abroad.

## Sectors

- Public Safety & Security
- Travel & Leisure
- Consumer Goods
- Industrial Tech
- IT Services
- Automotive
- Agriculture
- Packaging
- Medical Devices
- Tourism
- Telecom
- Logistics
- Business Services
- Power & Energy
- E-Commerce

## People

- Zvi Yochman — Co-Founder, Managing Partner
- Nir Dagan — Co-Founder, Managing Partner
- Amir Erben — Senior Partner
- Zion Agiv — Partner, CFO
- Liat Benyamini — Partner
- Maytal Heller — Partner
- Lior Fleishman — Partner

## Questions

### How did the founders' prior restructuring work shape Sky's investment model?

Zvi Yochman and Nir Dagan spent more than a decade at Swary-Yochman Ltd, a Tel Aviv consultancy that implemented recovery plans and creditor settlements for distressed Israeli companies. That experience — often acting as court-appointed trustees — taught the pair how to stabilize operations, renegotiate liabilities, and replace management teams under severe time constraints. Sky applies the same operational playbook to its buyouts, giving the firm a capability set that most growth-equity managers in the region lack.

### Does Sky raise permanent capital or operate on a fund cycle?

Sky has raised four institutional funds since 2005, each with limited-partner structures, rather than a single permanent-capital vehicle. The firm's limited partners are primarily institutional investors based in Israel and abroad. The current fund size and vintage have not been publicly disclosed.

### What types of companies does Sky avoid?

Sky's disclosed strategy focuses on mid-market Israeli or Israel-related businesses where it can gain control and lead operational improvement. The firm has not announced investments in early-stage venture capital, large-cap buyouts, real estate, or financial institutions, and it does not appear to participate in passive minority positions outside its turnaround mandates.

### Who leads investment decisions at the firm?

Co-founders Zvi Yochman and Nir Dagan serve as managing partners and hold investment-decision authority together with Senior Partner Amir Erben. The three principals sit on the boards of most portfolio companies and personally oversee the value-creation plans for each investment.

### Does the firm participate in co-investments alongside external GPs?

Sky acquires control positions directly and has not disclosed a co-investment program that allows outside limited partners to invest alongside the fund in specific deals. The firm leads its own transactions and sits on the boards of its portfolio companies to direct the turnaround or growth strategy.

## Related profiles

- [Sky Island Capital](https://altss.com/profile/sky-island-capital)
- [SkyKnight Capital](https://altss.com/profile/skyknight-capital)

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Last updated: 2026-08-11T15:08:04.536Z

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