Supporting Canadian growth, innovation and essential assets across private equity, infrastructure and private credit.
$7B+
Capital Committed to Canadian Companies and Fund Managers
200+
Canadian investments
2006
Program launch
Deep Roots in Canadian Private Markets
Northleaf is a Toronto-headquartered global firm investing in Canada across private equity, infrastructure, and private credit. As a full lifecycle private markets investor, we partner with leading Canadian institutions, including CPP Investments, on Canada-focused mandates.
Deep local knowledge and global expertise underpin our approach, which seeks to deliver attractive, risk-adjusted returns while supporting the companies, entrepreneurs and assets Canadians depend on.
Our Investment Approach
Northleaf draws on its investment experience, robust network and differentiated Canadian relationships to source and partner on mid-market opportunities.
Northleaf invests in Canadian private equity through leading buyout, growth equity and venture capital managers, as well as a targeted mix of primary, secondary and direct co-investments. These investments seek to provide diversified exposure to established mid-market companies and earlier-stage high-growth businesses.
Northleaf invests in essential mid-market infrastructure across renewables and energy transition, communications infrastructure, and transportation & other contracted assets. These investments seek to generate stable, inflation-linked returns with low correlation to other asset classes.
Northleaf provides private credit financing to Canadian and US mid-market companies across corporate direct lending and asset-based specialty finance. These investments seek to generate stable, risk-adjusted returns with strong lender protections.
Our longstanding commitment to Canada reflects our confidence in the opportunities within the mid-market and our conviction in the strength and potential of Canadian managers and entrepreneurs.
Calgary-based developer, owner and operator of contracted energy assets.Investment Date: 2019Sector: Energy Transition & Renewable EnergyGeography: North America
Active | North America
Transportation & Other Contracted Assets
Maple PPP Portfolio
Portfolio of three Public-private partnership assets in Canada.Investment Date: 2014Sector: PPPGeography: North America
A leading provider of sub-metering and building automation services.Investment Date: 2023Sector: Energy Transition & Renewable EnergyGeography: North America
Investment Date: 2025Geography: North AmericaSponsor: Five Arrows
Active | North America
First Lien
Revau Advanced Underwriting Inc.
Investment Date: 2025Geography: North AmericaSponsor: Novacap
Active | North America
First Lien
Thermogenics
Provider of boiler service and maintenance, equipment sales and rentals.Investment Date: 2022Sector: IndustrialsGeography: North AmericaSponsor: Audax Private Equity
Northleaf is proud to be featured in The Globe and Mail, highlighting our continued partnership with CPP Investments and our leadership in Canadian mid-market private equity investing.
