CPE News (3.1.2023) – Northleaf Capital Partners has held the final closing for the latest vintage of its global private equity solutions fund, Northleaf Private Equity Investors VIII with more than US $675 million in total committed capital, surpassing its original US $600 million target.
Northleaf Private Equity Investors VIII Canadian fund raised CDN $314 million from 73 (may includes repeating investors) Canadian investors.
Northleaf Private Equity Investors VIII provides investors with access to a diversified portfolio of mid-market private equity opportunities through a combination of primary, secondary and direct investments, leveraging Northleaf’s longstanding relationships with leading managers.
Northleaf Capital Partners is a global private markets investment firm with US$22 billion in private equity, private credit and infrastructure commitments.
IGM Financial Inc. (TSX: , through Mackenzie Financial Corporation, has an indirect ownership in Northleaf Capital Group Ltd. through an 80% voting and participating interest in a limited partnership that has a 70% participating interest and 49.9% voting interest in Northleaf Capital Group Ltd.
photo credit: Northleaf
News Release
Strong investor interest drives Northleaf’s eighth global private equity fund above target with more than US$675 million in commitments
March 01, 2023 09:00 AM Eastern Standard Time
TORONTO–(BUSINESS WIRE)–Northleaf Capital Partners (“Northleaf”), a leading global private markets investment firm, today announced that it held the final closing for the latest vintage of its global private equity solutions fund, Northleaf Private Equity Investors VIII (“NPE VIII”). Investors entrusted more than US$675 million of capital to NPE VIII, surpassing its original US$600 million target. NPE VIII provides investors with access to a diversified portfolio of mid-market private equity opportunities through a combination of primary, secondary and direct investments, leveraging Northleaf’s longstanding relationships with leading managers.
“We would like to thank both our new and existing investors for their support and confidence in our team, track record and mid-market strategy,” said Mike Flood, Managing Director & Head of Private Equity at Northleaf. “Our investors value our integrated private equity solutions fund, which combines mid-market fund investments with secondary market transactions and direct co-investments. Our approach helps to mitigate the ‘J-curve’ in our portfolio and has continued to generate positive, long-term returns for our investors.”
“Our differentiated, global strategy is especially well-suited to today’s environment as investors seek to manage risk through diversification and disciplined portfolio construction,” Flood added. “We are seeing a strong pipeline of private equity opportunities, and our experienced team remains highly selective in identifying mid-market companies with the potential to create enhanced value through operational improvements that do not rely on financial levers.”
The closing of NPE VIII builds on continued growth across Northleaf’s global private equity program. Northleaf also recently announced the final closing of its third private equity secondaries fund, which raised more than US$1.3 billion in commitments, exceeding its target. The recent secondaries fund closing, together with capital committed by investors across Northleaf’s global private equity funds and institutional custom mandates, means Northleaf’s secondaries platform has grown by US$2 billion over the past two years.
Northleaf’s longstanding global private equity program has raised more than US$12 billion to date, providing investors access to mid-market private company value creation through three complementary strategies: secondaries, directs and integrated global solutions. The private equity program currently serves more than 130 institutional and family office investors across North America and the UK/EMEA. With recent private equity, private credit and infrastructure fundraising activity, Northleaf’s total capital commitments raised to date exceed US$22 billion.
About Northleaf Capital Partners
Northleaf Capital Partners is a global private markets investment firm with US$22 billion in private equity, private credit and infrastructure commitments raised to date from public, corporate and multi-employer pension plans, endowments, foundations, financial institutions and family offices. Northleaf’s more than 200-person team is located in Toronto, Chicago, London, Los Angeles, Melbourne, Menlo Park, Montreal, New York and Tokyo. Northleaf sources, evaluates and manages private markets investments, with a focus on mid-market companies and assets. For more information on Northleaf, please visit www.northleafcapital.com.
Disclaimer: This document is for informational purposes only and does not constitute a general solicitation, offer or invitation in any Northleaf-managed funds in the United States or in any other jurisdiction and has not been prepared in connection with any such offer. In addition, the information contained in this document may not be relied on in any manner as legal, tax or investment advice. The views expressed herein do not constitute investment or any other advice and are subject to change.
This document has not been approved by the United States Securities and Exchange Commission or by any regulatory or supervisory authority of any state or other jurisdiction, nor has any such authority or commission passed on the adequacy of this document. Any representation to the contrary is unlawful.
Contacts
Sneha Satish
Stanton
t: +1.646.502.3556
e: ssatish@stantonprm.com
Nadine Cannata
Northleaf
Managing Director, Marketing & Communications
t: +1.416.477.6623
e: nadine.cannata@northleafcapital.com