Northleaf Secondary Partners surpasses fundraising target

6 November, 2013 Toronto

Northleaf Capital Partners (“Northleaf”), Canada’s largest independent global private markets fund manager and advisor, is pleased to announce that its specialist private equity secondaries fund, Northleaf Secondary Partners (the “Fund”), has closed on US$206 million, surpassing its initial $200 million target. Leveraging Northleaf’s long-standing global private equity program and the strong 10-year track record that the firm has generated in secondary transactions, Northleaf Secondary Partners was launched to capitalize on investment opportunities in the current private equity secondary market.  The Fund anticipates a final closing in December 2013.

“Northleaf Secondary Partners has a global strategy focused on smaller transactions across geographies, fund sizes, strategies and sectors,” said Michael Flood, Managing Director of Northleaf and co-head of the firm’s secondaries program. “Through our established and growing primary investment program, we benefit from existing investment relationships with more than 90 private equity fund managers in 14 countries that provide deal referrals and proprietary informational advantages. We appreciate the value investors have placed on our demonstrated ability to deliver strong returns and early cash distributions.”

“The Fund will continue to build on Northleaf’s existing private equity secondary program by proactively targeting traditional secondary market purchases of fund interests as well as both structured and direct secondary transactions,” explained Daniel Dupont, Managing Director of Northleaf’s London, UK office and co-head of the firm’s secondaries program.  “Our deal sourcing efforts will remain focused on transactions that take place outside of the competitive auctions of broad portfolios that are typically pursued by the multi-billion dollar secondary funds and large institutional investors.  We will continue to identify and pursue opportunities that feature cash flow positive businesses and portfolios with the potential for near-term liquidity, and properly incentivized and aligned management teams.”

SOURCE:  Northleaf Capital



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