Northleaf Capital Partners has announced that it has held the final closing for its third pooled infrastructure fund, Northleaf Infrastructure Capital Partners III (NICP III), raising more than US$1.4 billion of commitments and exceeding the original target of US$1.25 billion. Northleaf’s infrastructure program is focused on direct, long-term investments in mid-market assets in OECD countries, providing investors with 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.”
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.”
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