Northleaf nets $2.2bn for global PE programme

Greg Gille
@unquotenews
20 September 2018

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Canadian private markets investor Northleaf Capital Partners has secured $2.2bn in fresh capital for its global private equity programme, including its latest secondaries vehicle and its seventh global fund-of-funds.

Northleaf raised the capital across its global PE programme, including its seventh fund-of-funds, Northleaf Private Equity Investors VII (NPE VII). The fund-of-funds focuses on mid-market vehciles globally and will remain open to investors until early 2019.

Meanwhile, the Canadian group closed its latest secondaries fund above target, on $800m. Northleaf Secondary Partners II (NSP II) was launched in early 2017, according to Unquote Data.

Both NPE VII and NSP II have started their investment periods, which will run until 2020.

In addition to securing commitments for its two closed-ended vehicles, Northleaf also raised part of the capital in the form of separately managed discretionary accounts.

The investor now manages more than $11bn in private equity, private credit and infrastructure commitments on behalf of institutional investors in Canada, Europe and the US.