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Northleaf Capital Partners holds final close on Global Private Credit Fund

Northleaf Capital Partners (Northleaf) has held the final closing of its global private credit fund, Northleaf Private Credit I (NPC I), with more than USD670 million in commitments from institutional investors.

Including recent closings of its private equity and infrastructure funds, Northleaf now manages more than USD10 billion in commitments across its global private markets investment platform.
 
NPC I provides investors with diversified exposure to private credit investments in North America and Europe, with a primary focus on lending to private equity-backed companies. The fund’s flexible investment strategy enables it to invest across the capital structure, including senior, unitranche, second lien, mezzanine and subordinated loans. Northleaf’s private credit investment team has invested more than 30 per cent of NPC I’s capital during its first year in ten loans to private equity-backed mid-market companies (six in North America and four in Europe).
 
“We are very pleased with the strong support we have received for our global private credit program from both new and existing investors,” says Stuart Waugh, Managing Partner of Northleaf. “As a USD10 billion global mid-market investor with well-established private equity and infrastructure investment strategies, the insights, information flows and longstanding relationships across Northleaf’s broader platform enable us to offer a differentiated approach to private credit investing. This distinctive value proposition has resonated with investors.”
 
Northleaf also recently expanded its private credit investment team with the addition of two senior professionals in its Chicago office. Northleaf welcomed Robert Weiss as Managing Director, Senior Credit Officer, and Michael Morris as Director.
 
Prior to joining Northleaf, Weiss had recently retired from Bain Capital Credit where he had previously been Managing Director and Head of the Chicago Office. Prior to joining Northleaf, Morris was a Principal at HIG Capital. Previously, Michael worked in Investment Banking at Moelis & Company and at Macquarie Capital in the Restructuring and Special Situations Group.
 
“We are delighted to welcome Rob and Mike to the Northleaf team. Their experience is highly complementary to that of our current team in Toronto, Chicago and London,” says David Ross, Managing Director and Head of Private Credit at Northleaf. “Rob and Mike will play key roles in the continued growth of our global private credit investment program, focused on offering attractive financing solutions to private equity firms and companies in the middle market.”

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