Year Founded: 2009
Key Contacts
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Jeff LucassenChief Financial Officer & Chief Operating Officer
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James FungChief Technology Officer
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Stuart WaughManaging Director and Managing Partner
Investment Preferences
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Preferred IndustriesN/A
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Geographical PreferenceAsia, Australia, Canada, Europe, Oceania, US
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Preferred Deal TypesBuyout, Direct Lending, Fund of Funds, Growth/Expansion
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Other Investment Preferences
- Open to buying fund stakes (secondary market)
- Seeks ESG investments
Investments By Year
Funds Closed
Size: $1.4B
Dry Powder: $692.9M
Details: The fund targets investments in energy service sector. Asset preference is power, renewable energy, waste management etc.
Size: $222.8M
Dry Powder: $94.9M
Details: The fund targets information technology, oil and gas sectors
Size: $801.0M
Dry Powder: NA
Details: It is a 2017 vintage secondaries fund that invests in energy sector
Investments By Industry
Investments By Region
Key Investments
In October 2022, Infrastructure funds managed by Northleaf have established Madison Street Renewables, a new platform to acquire lease income streams generated by renewable power projects across the US. Madison Street Renewables plans to invest $150 million in equity investments through 2025
In January 2020, Northleaf Capital Partners raised €65 million of debt from Credit Agricole CIB and ING to support its acquisition of a 90% stake in Belgium petroleum storage asset Douglas Terminals. The financial details of the acquisition was not disclosed
In July 2019, Northleaf Capital Partners acquired 100% of CSV Midstream including the 100 MMcf/day Resthaven gas processing facility and the 60 MMcf/day Pipestone South compressor station
In June 2019, Northleaf Capital Partners acquired 49% equity interest in Odfjell Holdings (US) Inc. Odfjell Holdings US is a portfolio of bulk liquid storage terminals. The remaining 51% is held by Odfjell SE, a global player for seaborne transportation and storage of chemicals and other speciality bulk liquid
In March 2019, Northleaf Capital Partners’s acquired 100% of Project Mula From Cobra Group. Project Mula is a 493.655MWp PV plant located in the region of Mula, Murcia (Spain). Clifford Chance was the advisor to Cobra Group on the sale of Project Mula
In November 2018, Palisade Investment Partners and Northleaf Capital Partners closed their A$140 million refinancing of the 131MW Waterloo wind farm, located in South Australia. Palisade manages 74% of the project with the remaining 26% managed by Northleaf Capital Partners
In June 2018, Northleaf acquired 40% equity stake in Lal Lal Wind Farms, two wind generation projects in Australia, from Macquarie Capital. The financial terms were not disclosed. The wind farm was scheduled to be operational by second half of 2019. Northleaf also opened an office in Melbourne, Australia
In December 2016, Northleaf Capital Partners acquired a 33.3% equity interest in Northwest Parkway, a toll-road located in the Denver metropolitan area of Colorado, US. Northleaf is part of a consortium alongside DIF Infrastructure IV and HICL Infrastructure Company Limited which conditionally acquired 100% equity interest in Northwest Parkway from Brisa
In July 2016, US-based renewable energy developer Apex Clean Energy divested a majority of its ownership stake in a 217MW renewable energy portfolio to Northleaf Capital Partners. The portfolio includes the 50.4MW Cotton Plains wind plant, the 151.2MW Old Settler facility in Texas, and the 15MWac Phantom Solar facility at in Killeen, Texas
Other Details
Northleaf is dedicated to generate attractive, long-term investment returns. Northleaf has US$22 billion of private equity, private credit and infrastructure commitments under management. The company’s team comprises more than 200 professionals across offices in Toronto, Chicago, London, Los Angeles, Menlo Park, Melbourne, Montreal, New York and Tokyo. Its clients include corporate, public and multi-employer employee pension and benefit plans, endowments, foundations, government agencies, financial institutions, family offices and high net worth individuals
One of the Evergreen fund managed by Northleaf is Northleaf Essential Infrastructure Fund. The fund’s current size is $800 million. It is an infrastructure debt fund. It targets mid-market infrastructure investments with stable, long-term cash flows and lower risk profiles
3i Group, 3K Limited Partnership, Abingworth Management, Advanced Equities, AGL New Energy Investments, AlpInvest Partners, Amazon Alexa Fund, AMP Capital Investors, Audax Group, Avalon Ventures, BCE Capital, BDC Capital, Blue Cloud Ventures Bristol Investment Group, C9 Partners are some of the institutional investors who invest along with Northleaf