The infrastructure investment program of Canadian private markets investor Northleaf Capital Partners has raised more than $1.5 billion in committed capital. Two funds, Northleaf Infrastructure Capital Partners I, an OECD-focused vehicle, and a North American mid-market fund designed for a leading Canadian institutional investor, accounted for the capital raised. Toronto-based Northleaf has also added to its infrastructure team. It recently hired Matthew Woodeson as managing director, and Dimitrios Siomos as director, head of infrastructure asset management. The firm said it is marketing its second OECD fund, Northleaf Infrastructure Capital Partners II, which will see an initial close in the fourth quarter.
Northleaf Capital Partners reaches $1.5 billion in infrastructure capital commitments; continues to expand infrastructure investment team
TORONTO (September 17, 2015) – Northleaf Capital Partners (“Northleaf”) is pleased to announce that its growing infrastructure investment program has surpassed $1.5 billion in capital commitments across its OECD-focused fund and its recently expanded custom North American mid-market fund, which Northleaf designed and manages for a leading Canadian institutional investor. As a key component of the firm’s $7 billion global private markets investment business, Northleaf’s infrastructure program is focused on direct, long-term investments in OECD countries, providing investors with stable, consistent cash flows from assets that deliver essential products and services.
“We are very pleased with the performance and growth of our infrastructure portfolio and the continued confidence demonstrated by investors in our team, investment strategy and track record,” said Stuart Waugh, Managing Partner of Northleaf. “Our innovative approach is designed to overcome the implementation challenges facing both large and small institutions seeking cost-effective access to long-term infrastructure investments.”
In recent months, Northleaf has further strengthened its global investment capabilities with the addition of two senior members to its infrastructure team: Matthew Woodeson as Managing Director, Infrastructure and Dimitrios Siomos as Director, Head of Infrastructure Asset Management. Matthew is based in Northleaf’s London, UK office and participates in all aspects of Northleaf’s infrastructure investment activities, with a primary focus on transaction origination, execution and asset management activities in the United Kingdom and Europe. Based in Northleaf’s Toronto, Canada office, Dimitrios leads and coordinates Northleaf’s infrastructure asset management activities globally.
“We are delighted to have Matthew and Dimitrios as members of the Northleaf team,” said George Zakem, Managing Director and co-head of Northleaf’s infrastructure program. “Matthew brings over 20 years of infrastructure experience and expands our on the ground presence in Europe. Having worked with the Northleaf team as a Special Advisor since 2013, Matthew has been involved in a number of our infrastructure transactions to date, and is an integral part of our team.”
“With more than $1.5 billion of infrastructure capital entrusted to us by our investors, Northleaf continues to proactively source and successfully complete on-strategy investments in conservatively positioned infrastructure assets. Given the growth of our infrastructure capital base, we anticipated the need for an experienced professional, such as Dimitrios, dedicated to asset management activities across our portfolio,” said Jamie Storrow, Managing Director and co-head of Northleaf’s infrastructure program. “Matthew and Dimitrios are key hires that support and strengthen our business as we continue to proactively build a world-class, one-team platform focused on delivering strong investment returns and exceptional client service to each of our investors.”
Prior to joining Northleaf, Matthew was a Managing Director with the Macquarie Group’s European infrastructure team where he had responsibility for fundraising, forming equity syndicates and serving in board director roles. Prior to Macquarie, Matthew worked in infrastructure project finance advisory and lending for over seven years at Hill Samuel Bank and Bankgesellschaft Berlin.
With more than 15 years of experience, Dimitrios was most recently Vice President, PPP Assets and Infrastructure, at Carillion Canada where he was responsible for asset management in the public-private partnership sector, including financial reporting, accounting and project finance. Previously, Dimitrios worked at both PricewaterhouseCoopers and Deloitte as a Manager in the transaction services and audit and assurance groups.
Northleaf continues to grow its infrastructure program and is currently raising capital for its second OECD-focused fund, Northleaf Infrastructure Capital Partners II (the “Fund”). The Fund provides cost-effective access to a diversified portfolio of mature, conservatively-positioned infrastructure assets in OECD countries. The Fund is focused on assets that generate stable, long-term cash flows and deliver incremental returns relative to conventional fixed income investments. The Fund’s first closing will be held in Q4 2015.
About Northleaf Capital Partners
Northleaf Capital Partners is a leading independent global private markets manager, with approximately $7 billion in private equity and infrastructure 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 infrastructure and private equity 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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