Canadian private-markets investor Northleaf Capital Partners has opened a new office in Melbourne, Australia. The location will be run by Managing Director Tom Irvine, who joined Northleaf in 2015. The announcement coincides with the close of Northleaf’s third infrastructure deal in Australia: the buy of a 40 percent equity interest in Lal Lal Wind Farms, two wind generation projects located near Ballarat, Victoria. Terms weren’t disclosed. Northleaf acquired the stake from the project’s developer Macquarie Capital. Lal Lal Wind Farms is scheduled to be fully operational by the second half of 2019 and will generate a combined output of 228 megawatts.
Northleaf Capital Partners opens office in Melbourne, Australia, and completes acquisition of stake in Lal Lal Wind Farms
TORONTO (June 17, 2018) – Northleaf Capital Partners (Northleaf) is pleased to announce the opening of an office in Melbourne, Australia as the firm continues to expand its US$10 billion global private markets investment management platform. The announcement coincides with Northleaf reaching financial close on its third Australian infrastructure investment – a 40% equity interest in Lal Lal Wind Farms, two wind generation projects located near Ballarat, Victoria.
“A formal presence in Australia extends Northleaf’s worldwide network, enhancing our capabilities to provide investors with access to highly differentiated mid-market infrastructure, private equity and private credit investments globally,” said Stuart Waugh, Managing Partner of Northleaf. “Establishing the Melbourne office also reflects our ongoing commitment to private markets opportunities in Australia and New Zealand and provides a local base from which to continue our successful, long-standing investment activities in the region, which began with our first Australian private equity investment in 1998.”
Northleaf’s Melbourne office is managed by Tom Irvine, Managing Director, who has been working with Northleaf since 2015. Tom was previously a Director, Infrastructure, at RBC Capital Markets in both London and Sydney. He is supported by Adrian Jetter, Senior Associate, who has been working with Northleaf since 2017. Adrian was most recently with J.P. Morgan in Frankfurt, where he was a Vice President, Investment Banking, focused on M&A and capital markets transactions. Tom and Adrian are actively involved in deal sourcing, diligence, execution and asset management across Northleaf’s infrastructure program.
“We are delighted to officially open Northleaf’s office in Melbourne,” said Tom Irvine, Managing Director. “We look forward to extending the firm’s global private markets capabilities in Australia and New Zealand and continuing to grow our $2.7 billion infrastructure program.”
Northleaf acquired its stake in Lal Lal Wind Farms from the project’s developer, Macquarie Capital. Installation has commenced, and the wind farms are scheduled to be fully operational by the second half of 2019. When complete, the projects will generate a combined output of 228 MW, powered by Vestas 3.8 MW turbines.
Northleaf‘s global infrastructure portfolio includes 26 assets, representing more than $20 billion in total enterprise value, and the firm has been an active investor in Australia and New Zealand. In addition to Lal Lal Wind Farms, Northleaf has invested in Waterloo Wind Farm, an operational 131 MW facility located in South Australia, and ANZ Terminals, a bulk liquid storage business with operations in Australia and New Zealand.
About Northleaf Capital Partners
Northleaf Capital Partners is an independent global private markets investor with more than US$10 billion in private equity, private credit and infrastructure commitments under management on behalf of public, corporate and multi-employer pension plans, endowments, foundations, financial institutions and family offices.
Northleaf’s team, located in Toronto, Montreal, London, New York, Chicago, Menlo Park and Melbourne, is focused exclusively on sourcing, evaluating and managing private markets investments globally. Northleaf’s global portfolio includes more than 250 active investments in 14 countries. Northleaf currently manages seven global private equity funds, two specialist secondary funds, a global private credit fund, two direct OECD-focused infrastructure funds and a series of customized investment mandates tailored to meet the specific needs of institutional investors and family offices. For more information on Northleaf, please visit www.northleafcapital.com.
Investor and media inquiries:
t: +1 416 477 6623
Infrastructure transaction related inquiries:
t: +61 3 9900 6229