Canada-based Northleaf Capital Partners, a global private markets investment firm, has hit a hard cap with the final close of its $2.6 billion infrastructure fund, according to an announcement on Wednesday.
Northleaf Infrastructure Capital Partners IV (NICP IV) surpassed its target of $2.25 billion, thus making it the investment firm’s largest infrastructure vehicle to date.
Northleaf’s infrastructure programme is supported by more than 70 institutional investors across 14 countries and has completed 37 investments to date.
NICP IV began investing in 2023 and has thus far completed five investments till date, which includes an initial commitment of C$100 million to accelerate Canadian company Shared Tower’s vision of enhancing connectivity for the geography under a shared infrastructure model and a majority acquisition in Provident Energy Management Inc to support support growth strategy of sub-metering services.
The firm’s infrastructure strategy focuses on control investments in contracted mid-market assets in targeted sub-sectors, primarily in North America.
“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.
The executive added that achievement builds on the track record of their predecessor funds and reinforces their conviction in the mid-market as a compelling segment of the private markets landscape.
Recent highlights from the investment firm include the successful exit of Mula Solar Farm, the purchase of an equity stake in CCM Hockey, and the final close of Northleaf’s third private credit fund.
In March this year, the firm held the final close of Northleaf Private Credit III (NPC III), raising over $1 billion in capital commitments, alongside separately managed accounts that invest alongside the fund.
