Northleaf raises $1.3bn for third secondaries fund

Global private markets investment firm Northleaf Capital Partners, has held the final close of its third flagship secondaries fund, Northleaf Secondary Partners III, with $1.3 billion of committed capital. 

Global private markets investment firm Northleaf Capital Partners (Northleaf), has held the final close of its third flagship secondaries fund, Northleaf Secondary Partners III (NSP III), with $1.3 billion of committed capital. 

The new fund, which attracted support from both new and returning investors, surpassed its target and is more than 60% larger than its predecessor fund. 

Over the past two years, investors have committed a total of $2 billion across Northleaf’s secondaries platform, which seeks to provide investors with access to a diversified portfolio of private equity investments in LP-led and GP-led secondary transactions alongside leading mid-market sponsors. In addition to NSP III, investors access secondary investments through Northleaf’s global private equity funds and institutional custom mandates.