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Northleaf hires Goldman Sachs investment analyst

Simon Bibeau will join the firm at its Toronto headquarters to assist with infrastructure investment activities.

After closing a $950 million infrastructure fund in January, Northleaf Capital Partners has brought on a former Goldman Sachs analyst to assist with investments.

The Toronto-based private equity firm has hired Simon Bibeau to work from its headquarters on “all aspects of Northleaf's infrastructure investment activities”, a statement said. Bibeau will focus on market research, transaction due diligence and asset management, Northleaf said.

Bibeau formerly worked as an investment-banking analyst at Goldman Sachs in New York, where he specialised in mergers and acquisitions in the power, utilities, renewables and infrastructure sectors.

Bibeau's hire comes less than two months after Northleaf reached final close on its second pooled infrastructure fund focused on developed markets.

So far, the Northleaf Infrastructure Capital Partners II fund, which launched in 2015, has made three investments. The fund has invested in a portfolio of bulk liquid storage assets in the UK and a pool of wind and solar assets in the US.

Most recently, Northleaf reached financial close last week on a 33 percent equity interest in Northwest Parkway, a toll road located in Denver, Colorado. Northleaf's acquisition was part of a consortium including UK-based HICL Infrastructure and DIF, headquartered in the Netherlands, in which each party committed $166 million for a 90-year concession.