Island Sky Investments, a private equity firm in Austin, opened its doors Sept. 1 at 11614 Bee Caves Road, Ste. 250.

The firm operates a variety of investment opportunities and has a distinctive affinity for luxury coastal resort-style projects in both the United States and foreign tropical destinations, founder and CEO Jason Caraway said in an email to Community Impact Newspaper.

He also said his company launched its first project in St. John, U.S. Virgin Islands, in September, and has new funds coming online in October.