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Alternative Market Briefing

Canada's Northleaf Capital raises $1bn from institutional investors

Friday, September 27, 2019

Laxman Pai, Opalesque Asia:

Canadian private markets investor Northleaf Capital Partners has raised an additional US$1 billion in capital from Canadian, U.S., European and Asian investors across its global private markets program.

It plans to use the capital infusion for investments across the private equity, private credit and infrastructure asset classes.

The 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.

"This new capital brings Northleaf's private equity, private credit and infrastructure commitments raised to more than US$13 billion," the Canadian investment firm said.

"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 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 evergreen fund structure t......................

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