Northleaf Capital Partners announced the final closing of its latest infrastructure fund, Northleaf Infrastructure Capital Partners IV (NICP IV). The fund exceeded its target of $2.25 billion and hit its hard cap of $2.6 billion. This fund is Northleaf’s largest infrastructure vehicle to date, underscoring the growth and consistent performance of the firm’s mid-market platform.
Headed by Jamie Storrow and Jared Waldron, Northleaf’s infrastructure program is supported by more than 70 institutional investors across 14 countries and has completed 37 investments.
Northleaf’s infrastructure strategy also focuses on control investments in contracted mid-market assets in targeted sub-sectors, primarily in North America. And the program employs an active approach to value creation and drives returns through business plan initiatives designed to grow and/or de-risk each investment – hallmarks of Northleaf’s disciplined, cycle-tested approach.
The successful final closing of NICP IV also continues Northleaf’s strong growth across its global private markets platform. Some notable recent highlights 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.
KEY QUOTES:
“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. This achievement builds on the track record of our predecessor funds and reinforces our conviction in the mid-market as a compelling segment of the private markets landscape.”
Stuart Waugh, Managing Partner at Northleaf
“Having begun investing in 2023, NICP IV has already completed five investments, including Shared Tower and Provident Energy Management, which are consistent with our approach of acquiring high-quality investments with long-term contracted revenues. Our early portfolio activity reflects our differentiated sourcing model—leveraging long-standing relationships to access proprietary, off-market opportunities—and our proven ability to drive value creation from the very beginning of the asset lifecycle.”
Jessica Kennedy, Managing Director at Northleaf
