Northleaf infrastructure fund raises $1.4 billion

Northleaf Capital Partners has raised more than $1.4bn for its NICPIII infrastructure fund.

Northleaf’s infrastructure fund focuses on long-term investments in mid-market assets in OECD countries and has attracted capital from public and private pension funds, sovereign wealth funds, insurance companies, endowments, consultants, financial institutions and family offices.

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.”

“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.”