Northleaf Capital Partners has closed a $255 million fund.
Northleaf, Canada’s largest independent global private markets fund manager and advisor, says the Secondary Partners fund will "capitalize on attractive opportunities in the current market, building on Northleaf’s successful ten-year secondaries investment track record."
“Secondary investing has been a return enhancing component of our global private equity program since 2003,” explains Michael Flood, Managing Director of Northleaf and co-head of the firm’s secondaries program. “Given the prospect for strong returns and early cash distributions, secondaries are an important component of a well-diversified private equity program."
"NSP will continue our established strategy of proactively targeting traditional secondary market purchases of fund interests, as well as both structured and direct secondary transactions," he added. "Our secondaries team is able to transact quickly, leveraging a sourcing model that draws on Northleaf’s global network of relationships with leading institutional investors, fund managers, intermediaries and other secondary buyers.”
Northleaf, which has offices in Toronto, the UK, and the US, now has approximately $600 million of capital available for secondary investments across its global private equity program.
“With $600 million available for secondary investments, we target transactions where we have a competitive advantage and are pursuing deals that generally take place outside of the competitive auctions of large portfolios,” noted Daniel Dupont, Managing Director of Northleaf’s UK office and co-head of the firm’s secondaries program. “While our strategy remains focused primarily on smaller mid-market transactions, we also have the ability to scale up to larger transaction sizes, allowing us to evaluate a wide range of opportunities globally.”