Canadian fund manager Northleaf Capital Partners has hired a new vice-president to oversee the firm’s infrastructure management team.
Kaushik Ramki will join the firm after serving as principal of infrastructure and renewable resources at Canadian pension fund manager British Columbia Investment Management Corp. Ramki was responsible for transaction origination, due diligence and execution of BCIMC’s infrastructure investments. He also previously worked as an associate at Macquarie Group and Aquilla Infrastructure Management.
Northleaf also announced the hire of Michael Morris to a director position for the firm’s credit investment business.
Northleaf, which invests in private equity and private credit along with infrastructure, now holds $9 billion in assets under management. Originally a subsidiary of TD Bank Financial Group, in 2009 Northleaf spun off from its parent and is now owned by its management. It has offices in Toronto, London and California and last year opened a fourth outpost, in Chicago. The firm launched its infrastructure programme in 2010.
In January, the firm reached a C$950 million ($721 million; €671 million) final close on its second OECD-focused infrastructure fund. Northleaf Infrastructure Capital Partners II, which launched in late 2015, had an initial target of C$600 million.