Northleaf closes $520 mln for infrastructure fund

Canadian private markets fund manager Northleaf Capital Partners has raised $520 million in the final close of its pooled infrastructure fund NCIP. The target was $300 million.

PRESS RELEASE

TORONTO (July 17, 2014) – Northleaf Capital Partners (“Northleaf”), Canada’s largest independent global private markets fund manager and advisor, is pleased to announce that it recently closed its pooled infrastructure fund, Northleaf Infrastructure Co-Investment Partners (“NICP”), with $520 million in commitments, surpassing its $300 million fundraising target. With the final close of NICP, Northleaf’s infrastructure platform now has more than $900 million in capital commitments.

“We sincerely appreciate the support we have received for NICP from both existing and new investors. They have entrusted us with a significant pool of capital and we are focused on investing this capital in a disciplined, thoughtful and productive manner,” said Stuart Waugh, Managing Partner and Managing Director of Northleaf. “NICP is designed to provide direct access to mature infrastructure assets in OECD countries through an innovative cost structure with enhanced portfolio construction and liquidity features – an investment strategy and approach that have resonated with investors and leading asset consultants.”

“With a substantial program to invest, it is important for us to continue to build a proprietary pipeline of compelling, on-strategy infrastructure opportunities,” commented George Zakem, Managing Director of Northleaf and co-head of the firm’s infrastructure group. “We have built a highly experienced investment team that is focused on proactively sourcing, evaluating and executing direct infrastructure investments.”

NICP is building an attractive portfolio of mature, yielding assets in OECD countries and has already invested approximately 15% of the Fund’s capital in three operating assets. “We are providing our investors with direct exposure to mature, conservatively positioned infrastructure assets alongside leading institutional investors, strategic operators and fund managers,” said Jamie Storrow, Managing Director of Northleaf and co-head of the firm’s infrastructure group.

“We have a cost-effective, buy-and-hold approach with the flexibility to evaluate opportunities across geographies, sectors and alongside a diverse set of investment partners, which has been important when seeking relative value in what is currently a very competitive market.”

About Northleaf Capital Partners
Northleaf Capital Partners is an independent global private equity and infrastructure manager and advisor, with more than $6 billion in commitments under management on behalf of public, corporate and multi-employer pension plans, university endowments, foundations, financial institutions and family offices.

Northleaf’s 65-person team, located in Toronto, Canada, London, UK, and Menlo Park, USA, is focused exclusively on sourcing, evaluating and managing private markets investments globally.

Northleaf currently manages six global private equity funds, a specialist private equity secondary fund, a direct infrastructure fund and a series of customized private equity and infrastructure investment mandates tailored to meet the specific needs of institutional investors and family offices.

For more information on Northleaf, please visit www.northleafcapital.com.

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