Northleaf Infrastructure Capital Partners III Holds Final Closing, Raising More Than $1.4bn

Jul 21, 2021 | News

Northleaf Capital Partners announced the final closing for its third pooled infrastructure fund, Northleaf Infrastructure Capital Partners III (NICP III), raising more than $1.4bn of commitments and exceeding the original target of $1.25bn.

Northleaf’s infrastructure program is focused on direct, long-term investments in mid-market assets in OECD countries, providing investors with stable, consistent cash flow from assets that deliver essential services.

Northleaf’s infrastructure fundraise attracted capital commitments from a broad range of institutional limited partners globally, including both new and existing investors, comprising public and private pension funds, sovereign wealth funds, insurance companies, endowments, consultants, financial institutions and family offices.

“This fundraise marks an important milestone for our infrastructure program and represents significant progress towards Northleaf’s international fundraising objectives, having attracted investors from North America, Europe and Asia,” said Stuart Waugh, Managing Partner of Northleaf. “We would like to thank all of our investors – both existing and new – for their support and confidence in our team, track record and mid-market investment strategy.”

Join 120,000 other PE professionals and subscribe to our weekly newsletter
Learn More

Subscribe to our Newsletter to increase your edge. Don’t worry about the news anymore, through our newsletter you’ll receive weekly access to what is happening. Join 120,000 other PE professionals today.

NICP III has already completed five investments, including the recently announced acquisition of UK-based Quickline Communications. “We are excited about several promising opportunities under development for NICP III and have strong momentum in our deal pipeline,” said Jamie Storrow, Managing Director and co-head of infrastructure at Northleaf. “Our established team continues to successfully source, execute and manage on-strategy investments, with the goal of delivering relative value to our investors.”

NICP III’s final closing builds on a strong year of continued growth across Northleaf’s global private markets platform. Northleaf recently announced the final closing of its second closed-end global private credit fund and a related separately managed account, raising more than $900m to invest in performing loans to global mid-market companies.

With recent fundraising across its three core private markets strategies (infrastructure, private credit and private equity), Northleaf has now raised more than $17bn in capital commitments and serves more than 150 institutional investors globally. Northleaf is currently raising capital for the next generation of its global private equity funds and certain of its private credit funds.

Source: Business Wire

Can’t stop reading? Read more