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Laxman Pai, Opalesque Asia: Canadian private markets investor Northleaf Capital Partners has raised its largest infrastructure vehicle to date.
The global private markets investment firm surpassed the target of $2.25 billion for its latest infrastructure fund, Northleaf Infrastructure Capital Partners IV (NICP IV), and closed the fund at its hard cap of $2.6 billion.
Led by Jamie Storrow and Jared Waldron, Northleaf's infrastructure program is supported by more than 70 institutional investors across 14 countries and has completed 37 investments to date.
New York State Common Retirement Fund committed $200m to the fund, and the Teachers' Retirement System of Louisiana also invested $50m.
"We are proud to have reached our hard cap for NICP IV. This milestone highlights the depth of support from both existing and new investors and underscores the strong, consistent performance of our infrastructure program," said Stuart Waugh, Managing Partner at Northleaf.
"This achievement builds on the track record of our predecessor funds and reinforces our conviction in the mid-market as a compelling segment of the private markets landscape," Stuart added.
As per the release, Northleaf's infrastructure strategy focuses on control investments in contracted mid-market assets in targeted sub-sectors, primarily in North America. The program employs an active approach to value creation and drives returns through business plan initiatives designed to grow and/or de-ri...................... To view our full article Click here
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