Strong Investor Demand Drives Final Close Above Target for Northleaf’s First Direct Private Equity Fund | New
TORONTO–(BUSINESS WIRE)–August 4, 2022–
Northleaf Capital Partners (“Northleaf”), a leading global private markets investment firm, is pleased to announce the successful final closing of Northleaf Capital Opportunities (“NCO” or the “Fund”). Investors committed $385 million in capital to NCO, exceeding the Fund’s original target of $350 million and bringing Northleaf’s total private equity capital raised in the past 12 months to $2 billion.
“We are very pleased with the strong support from new and existing investors in our first direct private equity fund,” said Mike Flood, Managing Director and Head of Private Equity at Northleaf. “We launched NCO as a value-added co-investment fund that leverages the strengths of Northleaf’s broader platform, our twenty years of co-investment experience and our network of relationships with fund sponsors to offer investors differentiated access to the value creation of medium-sized companies.
Investors are attracted by NCO’s strategy which focuses on investing in mature, cash-generating mid-sized companies in recession-resilient sectors. To date, NCO investors have benefited from the fact that more than 55% of their capital has been prudently invested in a diversified portfolio of 20 leading mid-market companies. Given the strong initial performance, the Fund expects a partial realization of one of its investments, which will return more than 50% of the capital invested in the company. A number of additional achievements are planned for the second half of 2022.
“NCO’s portfolio of leading mid-market companies is doing well and we are delighted with the strong pipeline of opportunities for the fund,” said Matt Shafer, managing director and head of direct private equity at Northleaf. “Our strategy is to make non-controlling investments in mature, cash-generating companies with strong market positions and identified growth opportunities at attractive valuations. We have a proven ability to find and actively structure deals that generate strong returns with short duration and lower risk. NCO’s active, disciplined and highly selective approach is well suited to providing our investors with direct access to the significant opportunities that today’s more challenging market will produce.
Northleaf has been investing in middle-market companies backed by private equity since 2001. Over the past two decades, investors have committed more than US$11 billion to Northleaf’s global private equity program, accessing the creation of value of middle-market private companies through three complementary actions. strategies: direct, secondary and integrated global solutions. The private equity program currently serves over 120 institutional and family office investors in North America and the UK/EMEA. With recent venture capital, private credit and infrastructure fundraising activities, Northleaf’s total capital commitments raised to date exceed US$20 billion.
About Northleaf Capital Partners
Northleaf Capital Partners is a global private markets investment firm with more than US$20 billion in private equity, private credit and infrastructure commitments raised to date from public pension plans, corporate and multi-employer organizations, endowments, foundations, financial institutions and family offices. Northleaf’s team of 200 professionals, located in Toronto, Chicago, London, Los Angeles, Melbourne, Menlo Park, Montreal and New York, focuses exclusively on researching, evaluating and managing investments in private markets at worldwide. Its portfolio includes over 500 active investments in more than 40 countries, with a focus on mid-market companies and assets. For more information about Northleaf, please visit www.northleafcapital.com.
Disclaimer: This material is provided for informational purposes only and does not constitute a general solicitation, offer or invitation into the funds managed by Northleaf in the United States or any other jurisdiction and has not been prepared as part of a such offer. Furthermore, the information contained in this document can in no way be considered as legal, tax or investment advice. The opinions expressed herein do not constitute investment or 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, and none of such authorities or commissions has passed the adequacy of this document. Any representation to the contrary is illegal.
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SOURCE: Northleaf Capital Partners
Copyright BusinessWire 2022.
PUBLISHED: 08/04/2022 09:00 AM / DISK: 08/04/2022 09:02 AM
Copyright BusinessWire 2022.