Northleaf Capital Partners today announced the final closing of its latest infrastructure fund, Northleaf Infrastructure Capital Partners IV (NICP IV).
The figure exceeds the target of $2.25bn and hits the fund’s hard cap of $2.6bn, according to a statement by the firm.
The fund is Northleaf’s largest infrastructure vehicle to date, and is led by Jamie Storrow and Jared Waldron,
Northleaf’s infrastructure strategy focuses on control investments in contracted mid-market assets in targeted sub-sectors, primarily in North America. The programme employs an active approach to value creation and drives returns through business plan initiatives designed to grow and/or de-risk each investment.
“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.
Having begun investing in 2023, NICP IV has already completed five investments, including Shared Tower and Provident Energy Management, added Jessica Kennedy, managing director at Northleaf.
“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.”
Northleaf’s infrastructure programme is supported by more than 70 institutional investors across 14 countries and has completed 37 investments to date.
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.
