News & Views

Northleaf Capital Partners, Canada’s largest independent global private markets fund manager, is pleased to announce that Northleaf Venture Catalyst Fund (“NVCF” or the “Fund”) recently held another closing adding Ontario Pension Board (“OPB”) as its newest investor. Total commitments from all investors now amount to $264 million. Having begun its investment program in January 2014, NVCF has made 11 investments to date and has a strong pipeline of additional investment opportunities that are currently under review

Ormat Technologies, Inc. (NYSE: ORA) announced today that its wholly-owned subsidiary Ormat Nevada Inc. (Ormat) fulfilled all conditions precedent and achieved financial closing under the previously announced equity transaction with Northleaf Capital Partners. Pursuant to the purchase agreement, which the parties executed on February 5, 2015, Northleaf acquired a 36.75% equity interest in a newly established Ormat holding company subsidiary for a purchase price of $162.3 million. The joint venture includes Ormat's Puna geothermal power plant in Hawaii, the Don A. Campbell geothermal power plant in Nevada, and nine power plant units across three recovered energy generation assets known as OREG 1, OREG 2, and OREG 3.

EnergyAustralia has agreed to sell its remaining 25 per cent equity interest in the 111MW Waterloo Wind Farm, and the development rights to the Waterloo expansion project, to Palisade Investment Partners and Northleaf Capital Partners.

Portfolio of 106 MW includes two geothermal facilities and three REG power plant complexes; Ormat to retain day-to-day managerial and operating control over the portfolio

Canada Pension Plan Investment Board (CPPIB) and Northleaf Capital Partners (Northleaf) announced today that CPPIB has committed an additional $330 million to the Canadian private equity market. The funds will be committed to a Canadian fund-of-funds program that will be managed by CPPIB’s longstanding investment partner, Northleaf.  This investment is in addition to CPPIB’s $70 million commitment in 2014 to the Northleaf Venture Catalyst Fund. Since 2005, CPPIB has committed $1.2 billion to Canadian private equity investments through its partnership with Northleaf

Northleaf Venture Catalyst Fund (NVCF) today announced that it has made a $15 million commitment to Golden Venture Partners Fund II (GVP II), a mobile focused seed and early-stage venture capital fund based in Toronto.