Northleaf Recognized in Infrastructure Investor's 2025 Annual Review

Northleaf Capital Partners is proud to be recognized by Infrastructure Investor in its 2025 Annual Review for the following categories: 

• Runner-up: Global Mid‑Market Investor of the Year – Northleaf Infrastructure Program
• Runner-up: North America Equity Fundraising of the Year – Northleaf Infrastructure Capital Partners IV (NICP IV)

In addition, Northleaf ranked 35 on the Infrastructure Investor 100, which is a global ranking of the largest and most established infrastructure fund managers. The ranking tracks infrastructure managers worldwide based on capital raised over a rolling five‑year period and is widely regarded as a benchmark for scale, consistency and long‑term relevance in global infrastructure investing.¹

Northleaf is a longstanding North America focused mid-market infrastructure manager with a strategic focus on select sub-sectors where Northleaf has control over the business plan, with an approach designed to support disciplined execution and an aim for long-term value creation. 

Northleaf has built a strong global reputation for its sourcing capabilities and extensive network, which spans industrial companies, developers, financial partners, and advisors. This network enables the infrastructure team to consistently originate proprietary opportunities aligned with investor objectives.

As an innovative leader in the North American mid-market, Northleaf identifies unique infrastructure opportunities intended to provide exposure to diversified infrastructure subsectors. The firm has deployed capital into a range of contracted asset leasing platforms, including:

• AMAROK – a leading provider of perimeter security infrastructure solutions across North America
• WASH – a portfolio of contracted washers and dryers serving the multi-residential market in North America
• PEMI – a North American sub-metering platform
• Shared Tower – a Canadian developer and owner of carrier-neutral communications infrastructure

On the fundraising trail, Northleaf announced the final close of Northleaf Infrastructure Capital Partners IV at $2.6 billion, exceeding its $2.25 billion target and reaching the hard cap. This achievement reflects strong investor confidence in Northleaf’s infrastructure program, despite a challenging fundraising environment. 

NICP IV represents a significant increase in size from its $1.4 billion predecessor fund, NICP III, and attracted commitments from more than 70 investors across 14 countries – further broadening Northleaf’s global investor base. 

“Having begun investing in 2023, NICP IV has completed six investments, including Shared Tower and Provident Energy Management,² which are consistent with our approach of acquiring investments with long-term contracted revenues,” said Jessica Kennedy, Managing Director at Northleaf. “Our early portfolio activity reflects our differentiated sourcing model—leveraging long-standing relationships to access proprietary, off-market opportunities—and our proven ability to drive value creation from the very beginning of the asset lifecycle.”