Canadian private equity and infrastructure manager and advisor Northleaf Capital Partners has agreed to partner with WHEB Infrastructure on a joint venture that will see continued expansion of WHEB’s rooftop solar portfolio in the United Kingdom. Northleaf has acquired a 50 percent stake in the portfolio, as well as a pipeline of additional installations that will be operational in early 2014. Financial terms of the agreement were not disclosed. Based in London, WHEB is a private equity, listed equity and infrastructure investor in sustainable, resource-efficient and energy-efficient projects.
WHEB Infrastructure and Northleaf Capital Partners announce rooftop solar joint venture
January 23, 2014 – WHEB Infrastructure (“WHEB”) today announced that it has reached a definitive agreement with infrastructure investor Northleaf Capital Partners (“Northleaf”) to jointly pursue the continued expansion of a rooftop solar portfolio in the United Kingdom. Under the agreement, Northleaf has acquired a 50% stake in WHEB’s operating rooftop solar portfolio, as well as a pipeline of additional installations that will be operational in early 2014.
“This portfolio of solar energy generation assets offers predictable, long-term, inflation-linked forecast returns from high quality renewable energy assets,” said WHEB Infrastructure Partner, Tom Williams. “We are delighted to have partnered with Northleaf through their global infrastructure investment program and look forward to working together to grow the platform.”
“Direct investments in low risk solar power assets in partnership with an experienced operator are consistent with Northleaf’s investment strategy and this opportunity alongside WHEB offers Northleaf’s investors significant potential for stable, long-term returns, as well as additional growth,” said Northleaf Managing Director, Jamie Storrow. “The partnership with WHEB is very appealing to us, given the company’s solid operations and its reputation as a leading renewable energy investor. We look forward to maintaining a productive and long-term relationship with WHEB.”
About WHEB Infrastructure
WHEB is a specialist investment manager focused on the opportunities created by the global transition to more sustainable, resource efficient and energy efficient economies. The business manages private equity infrastructure, private equity growth capital and listed equity investment strategies. WHEB’s private equity infrastructure team invests in clean energy infrastructure assets with commercially proven technologies, and seeks to deliver stable, resilient cash yields with a low correlation to traditional asset classes.
About Northleaf Capital Partners
Northleaf Capital Partners is an independent global private equity and infrastructure manager and advisor, with more than $5 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 global infrastructure program pursues direct investments in mature, conservatively-positioned assets alongside institutional investors, fund managers and strategic operators.
Northleaf’s 60-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, an infrastructure co-investment 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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