The infrastructure programme of Toronto-based investment manager Northleaf Capital Partners has added two new senior members and surpassed $1.5 billion in capital commitments to its OECD-focused and North American mid-market funds.
Still in the midst of a fundraise for its Northleaf Infrastructure Capital Partners II fund, the firm has raised at least $600 million for infrastructure investments funds aimed a direct, long-term investments in OECD countries since closing its Infrastructure Co-Investment Partners fund in July last year .
“We are very pleased with the performance and growth of our infrastructure portfolio and the continued confidence demonstrated by investors in our team, investment strategy and track record,” said Northleaf managing partner Stuart Waugh in a statement. “Our innovative approach is designed to overcome the implementation challenges facing both large and small institutions seeking cost-effective access to long-term infrastructure investments.”
As part of its growth strategy, the firm added Matthew Woodeson, who becomes a managing director of infrastructure, and Demitrios Siomos, who will act as director and head of infrastructure.
According to the firm's managing director and co-head of infrastructure George Zakam, Woodeson has worked with the Northleaf team as a special advisor since 2013. Prior to joining Northleaf, he was most recently a managing director within Macquarie Group's European infrastructure team.
Siomos has more than 15 years of experience in the industry, and was most recently vice president of public-private partnership assets and infrastructure at Carillon Canada.
Recent investments by Northleaf include formation of a joint venture with Ormat Technologies subsidiary Ormat Nevada in which Northleaf acquired a 40 percent equity stake in a $175 million geothermal and recovered energy generation deal that involves Ormat's Puna geothermal plant in Hawaii and its Don A. Campbell geothermal plant in Nevada.
“With more than $1.5 billion of infrastructure capital entrusted to us by our investors, Morthleaf continues to proactively source and successfully complete on-strategy investments in conservatively positioned infrastructure assets,” said Jamie Storrow, co-head of the Northleaf infrastructure programme. “Matthew and Dimitrios are key hires that support and strengthen our business as we continue to proactively build a world-class, one-team platform focused on delivering strong investment returns and exceptional client service to each of our investors.”