Northleaf Capital Partners has successfully closed its third private credit fund, raising over $1bn in total capital commitments for Northleaf Private Credit III (NPC III) and related managed accounts, and taking the firm’s private credit platform to over $6.5bn.
The fund focuses on mid-market private equity-backed lending and asset-based specialty finance, targeting opportunities across the capital structure, and offering investors exposure to both senior and junior private credit investments. It has already deployed over 40% of its capital into a diversified portfolio with strong contractual cash yield, conservative leverage, and robust lender protections.
One of NPC III’s recent transactions includes a co-lead role in financing Five Arrows’ acquisition of KEV Group, a cloud-based educational software provider.
With 45 private credit professionals based in Chicago, London, New York, and Toronto, Northleaf continues to expand its presence in the private credit space. The firm’s platform offers both closed-end and evergreen investment structures, providing investors with flexibility across market cycles.
