Northleaf closes first growth equity fund
Torys acted as counsel to Northleaf with a team that included Shannon Gotfrit, Aaron Hunt, Nick Germanakos, Marco Pontello and Alexandra Richmond (corporate/fund formation), Glen Johnson (securities), Peter Keenan, Saira Bhojani and Michael Steele (tax).
On February 7, 2024, Northleaf Capital Partners (“Northleaf”) announced the final closing of its first direct growth equity fund, Northleaf Growth Fund (“NGF”), with US$212 million of committed capital—surpassing the fund’s original US$200 million target.
NGF provides investors with access to a diversified portfolio of direct investments in high-potential, innovative companies across the technology and healthcare sectors. The fund’s strategy targets growth-stage companies in North America through a combination of direct co-investments and opportunistic secondary transactions.
The closing of NGF expands Northleaf’s global private equity and venture capital/growth equity program, which has raised more than US$13 billion to date. The program currently serves more than 140 institutional and family office investors across North America, the UK/EMEA and Asia. With recent private equity, private credit and infrastructure fundraising activity, Northleaf’s total capital commitments raised to date exceed US$24 billion.
Further information can be found on Business Wire’s website.
Northleaf is a leading global private markets investment firm with US$24 billion in private equity and venture capital/growth equity, private credit and infrastructure commitments raised to date from public, corporate and multi-employer pension plans, endowments, foundations, financial institutions and family offices.