Northleaf Capital Partners today announced the final closing of its latest infrastructure fund, Northleaf Infrastructure Capital Partners IV, surpassing its target of US$2.25 billion and hitting the Fund’s hard cap of US$2.6 billion. The Fund is Northleaf’s largest infrastructure vehicle to date, underscoring the growth and consistent performance of the firm’s mid-market platform. Led by Jamie Storrow and Jared Waldron, Northleaf’s infrastructure program is supported by more than 70 institutional investors across 14 countries and has completed 37 investments to date.

Northleaf’s infrastructure strategy focuses on control investments in contracted mid-market assets in targeted sub-sectors, primarily in North America. The program employs an active approach to value creation and drives returns through business plan initiatives designed to grow and/or de-risk each investment – hallmarks of Northleaf’s disciplined, cycle-tested approach.

“We are proud to have reached our hard cap for NICP IV. This milestone highlights the depth of support from both existing and new investors, and underscores the strong, consistent performance of our infrastructure program,” said Stuart Waugh, Managing Partner at Northleaf. “This achievement builds on the track record of our predecessor funds and reinforces our conviction in the mid-market as a compelling segment of the private markets landscape.”

“Having begun investing in 2023, NICP IV has already completed five investments, including Shared Tower and Provident Energy Management, which are consistent with our approach of acquiring high-quality 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.”

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