Northleaf became a management-owned firm in 2009 following the successful spin-out of TD Capital Private Equity Investors, the private equity fund, secondary and co-investment business of TD Bank Financial Group.
Northleaf’s global investment program has produced top-quartile returns since its inception in 1969 and currently includes more than 200 active private markets fund investments and direct co-investments in eleven countries.
Our history and key business milestones are shown below:
TD Capital, Northleaf's predecessor firm, was founded as the private equity and merchant banking arm of TD Bank Financial Group.
TD Bank's proprietary fund investment program was launched in 1969.
Northleaf's history of private markets investing is one of the longest in the industry, providing us with longstanding relationships with, and access to, top-tier private equity fund managers.
Northleaf's heritage in the North American buyout sector traces back to the earliest days of the industry. Northleaf has a well-established reputation as a long-term, knowledgeable and preferred investor.
As a long-term investor in the European market with a local UK presence, Northleaf has a deep knowledge of and relationships with top-tier small, mid- and large cap European fund managers and leading institutional investors.
Direct co-investments are an integral part of Northleaf's investment program, providing incremental exposure to select portfolio companies alongside our fund managers.
Northleaf's global investment program includes exposure to private markets investments around the world, providing diversification beyond North America and Europe. To date, we have made investments across China, India, Japan and Australia.
Northleaf’s investment program includes infrastructure investment advisory, due diligence and customized portfolio management/reporting services for institutional investors. Northleaf works with investors to provide cost-effective exposure to infrastructure assets through fund investments, secondary investments and direct co-investments.
Prior to 2002, TD Capital, the predecessor to Northleaf, invested exclusively on behalf of TD Bank. Since transitioning to a third-party fund management model in 2002 and subsequently becoming Northleaf Capital Partners in 2009, our assets under management have grown from $300 million to more than $3.7 billion.
Fund I is a $350 million global private equity fund which is fully committed and is currently in the value creation and realization phase of its investment program.
A $344 million global private equity fund which is fully committed and is currently in the value creation and initial realization phase of its investment program, Fund II's investment strategy is to create a diversified and focused global portfolio of fund investments, secondary investments and direct co-investments.
Headed by Michael Flood, our London office provides the Northleaf team with a local presence in Europe, a market in which we have had an active investment program for more than two decades.
CPPIB and Northleaf established a $400 million partnership focused on the Canadian small/mid-market buyout, venture and growth capital markets. This customized Northleaf mandate enables CPPIB's global private markets team to extend its reach into an attractive market segment with strong, risk-adjusted return prospects.
The partnership was extended and expanded in 2010 with an additional CPPIB commitment of $400 million.
A $348 million global private equity fund which is currently in the investment and initial value creation phase of its investment program, Fund III's investment strategy is to create a diversified and focused global portfolio of fund investments, secondary investments and direct co-investments.
A $238 million global private equity fund which is currently in the investment phase of its investment program, Fund IV's investment strategy is to create a diversified and focused global portfolio of fund investments, secondary investments and direct co-investments.
Northleaf manages a C$205 million fund of funds and co-investment program primarily focused on Ontario-based and Ontario-focused venture and growth capital investments. Lead investors include the Government of Ontario, TD Bank, OMERS Private Equity, RBC, the Business Development Bank of Canada, and Manulife Financial. For more information, visit www.ovcf.com
Headed by Melissa McJannet, our Menlo Park office provides a local presence in the world's most active venture capital and growth equity hub where we have many longstanding relationships with top-performing fund managers.
Northleaf completed its collaborative spin-out from TD Bank, becoming Canada's largest independent global private markets manager and advisor.
Northleaf continues to manage approximately $1 billion of TD Bank's global private equity fund investments.
CPPIB committed an additional $400 million to Northleaf as part of an expansion and extension of the customized Canadian fund of funds and co-investment program established by CPPIB and Northleaf in 2005. The program focuses on constructing a portfolio of top-tier Canadian small/mid-market buyout, venture capital and growth equity funds.
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We are a global private markets investor with strong Canadian roots and a long history of superior investment returns.
We are committed to building enduring relationships with our investors, fund managers, business partners and colleagues based on trust, openness, respect and the highest standards of integrity and professionalism.