Northleaf secures more than USD1 billion in capital from institutional investors
Northleaf Capital Partners (Northleaf) has raised an additional USD1 billion in capital from Canadian, US, European and Asian investors across its global private markets program, reflecting continued strong investor interest in private equity, private credit and infrastructure investments.
These recent commitments include capital raised for Northleaf’s mid-market infrastructure and private credit programs, as well as significant new commitments to mid-market private equity and secondaries custom mandates managed on behalf of two of Canada’s largest institutional investors. Building on the firm’s strong growth momentum, this new capital brings Northleaf’s private equity, private credit and infrastructure commitments raised to more than USD13 billion.
“Our mid-market global private markets platform continues to create long-term value for our investors,” says Stuart Waugh, Managing Partner at Northleaf. “We appreciate the confidence that both existing and new investors have placed in our team, track record and investment strategies.”
As part of this most recent capital raise, Northleaf has grown its successful custom private equity and secondaries investment mandates on behalf of Canada Pension Plan Investment Board (CPPIB) and Caisse de dépôt et placement du Québec (CDPQ), respectively. Northleaf has extended its longstanding private equity investment partnership with CPPIB through an innovative evergreen fund structure that will offer CPPIB access to the Canadian private equity market. Northleaf has also expanded its customised global secondaries investment partnership with CDPQ which focuses on mid-market private company secondary transactions.
“We are very pleased to grow our longstanding partnerships with CPPIB and CDPQ, providing truly customised mid-market private equity solutions that leverage Northleaf’s deal flow, execution capabilities and active portfolio construction,” says Michael Flood, Managing Director and Head of Northleaf’s Private Equity team. “Our integrated focus on secondary market transactions, fund investments, direct minority investments and co-investments provides investors with differentiated access and exposure to mid-market private company value creation.”