Toronto-based Northleaf Capital Partners, a private markets investment firm, has raised US$1 billion for its mid-market private equity, private credit and infrastructure investment programs. Northleaf’s backers include Canada Pension Plan Investment Board and Caisse de dépôt et placement du Québec. As a result of this capital infusion, the total tally of Northleaf’s private equity, private credit and infrastructure commitments are more than US$13 billion. Northleaf was spun out from TD Bank Group 10 years ago.
TORONTO–(BUSINESS WIRE)–Northleaf Capital Partners (Northleaf) announced today it has raised an additional US$1 billion in capital from Canadian, U.S., European and Asian investors across its global private markets program, reflecting continued strong investor interest in private equity, private credit and infrastructure investments.
These recent commitments include capital raised for Northleaf’s mid-market infrastructure and private credit programs, as well as significant new commitments to mid-market private equity and secondaries custom mandates managed on behalf of two of Canada’s largest institutional investors. Building on the firm’s strong growth momentum, this new capital brings Northleaf’s private equity, private credit and infrastructure commitments raised to more than US$13 billion.
“Our mid-market global private markets platform continues to create long-term value for our investors,” said Stuart Waugh, Managing Partner at Northleaf. “We appreciate the confidence that both existing and new investors have placed in our team, track record and investment strategies.”
As part of this most recent capital raise, Northleaf has grown its successful custom private equity and secondaries investment mandates on behalf of Canada Pension Plan Investment Board (CPPIB) and Caisse de dépôt et placement du Québec (CDPQ), respectively. Northleaf has extended its longstanding private equity investment partnership with CPPIB through an innovative evergreen fund structure that will offer CPPIB access to the Canadian private equity market. Northleaf has also expanded its customized global secondaries investment partnership with CDPQ which focuses on mid-market private company secondary transactions.
“We are very pleased to grow our longstanding partnerships with CPPIB and CDPQ, providing truly customized mid-market private equity solutions that leverage Northleaf’s deal flow, execution capabilities and active portfolio construction,” said Michael Flood, Managing Director and Head of Northleaf’s Private Equity team. “Our integrated focus on secondary market transactions, fund investments, direct minority investments and co-investments provides investors with differentiated access and exposure to mid-market private company value creation.”
Since its spin-out from TD Bank Group 10 years ago, Northleaf has continued to grow as an independent global firm, leveraging the proprietary insights and deal flow generated by its integrated private markets platform. Northleaf’s commitments under management have grown by more than fivefold to US$13 billion, its employee count has more than tripled to 140 team members and its global office network now extends to seven locations around the world. Northleaf is focused exclusively on sourcing, evaluating and managing private equity, private credit and infrastructure investments, and its portfolio includes more than 350 active investments in 34 countries, with a focus on mid-market companies and assets.
About Northleaf Capital Partners
Northleaf Capital Partners is an independent global private markets investment firm with more than US$13 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 140-person 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 portfolio includes more than 350 active investments in 34 countries, with a focus on mid-market companies and assets. Northleaf currently manages seven global private equity funds, two specialist global private equity secondaries funds, three global private credit funds, three 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.