Focused investments in private equity secondary transactions globally
$3.2B
Committed to secondaries
125+
Secondaries since inception
2003
First secondary
Actively investing in secondaries since 2003
Over the past two decades, we’ve witnessed the investment thesis evolve from a purely opportunistic strategy – bringing liquidity to fund investors seeking to exit illiquid commitments – to a more constructive strategy, in which GPs and LPs alike leverage secondaries to fine tune their investments and better manage their portfolios.
Secondary investments have the potential to accelerate the pace and return of capital, mitigate the “j-curve” in the early years of a private equity program; enhance returns through re-pricing existing portfolio company investments; and facilitate access and informational advantages when coupled with a primary fund investment strategy and co-investments.
We invest across the spectrum of secondary investments, including:
LP-led secondaries - investments in which existing limited partners in a private equity fund sell their fund interests to secondary investors
GP-led secondaries - deals in which fund managers/general partners look to bring in new investors for strategic purposes
Continuation funds - extend the holding periods for existing assets, or potentially reinvest in businesses in pursuit of ongoing growth
Structured capital - includes preferred equity or fund financing to support growth or liquidity for investors in a company or fund
Description: Provider of adult day health and home care services, serving seniors and adults with intellectual or developmental disabilities.
Structured Capital
Active Day
Active | North America
Description: Producer of avocado-based food products, including cooking sprays, oils and mayonnaise.
Direct Co-Investment
Chosen Foods
Active | North America
Description: Provider of revenue management software and services to media and content providers.
Structured Capital
Evergent
Active | North America
PayRange: IoT solution that provides electronic payments, end user monetization and visibility into the underlying asset portfolio health, utilization and pricing
Northleaf announced that funds under its management have completed an investment in CCM Hockey. Northleaf partnered with Altor Equity Partners, a leading European middle-market private equity firm, to acquire the business.
Northleaf is pleased to announce that Kathleen Bellehumeur has joined our firm as Managing Director, Head of Private Equity Strategic Development & Investor Relations, based in our Toronto office.
Firm News
Our team focuses on negotiated acquisitions of mature fund and portfolio company interests. We look to work with either existing investors seeking liquidity or GPs in situations where Northleaf has a competitive advantage.
