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The investment manager has raised $235m for a global real assets fund, 10% of which will be invested via secondaries.
Northleaf ranked 21st in the latest SI 30, having raised $2.38bn between January 2014 and June 2019. Sister publication Secondaries Investor caught up with managing director Michael Flood to discuss the firm’s recent $1bn raise and competition in the mid-market.
Canadian flag
A significant portion of the capital is part of an expanded secondaries-focused mandate with Canadian pension fund CDPQ.
Hourglass
Fund continuations are here to stay. But how do these trilateral deals work and are they really a ‘win-win-win’ for all involved?
Infrastructure Partners II is targeting $1.5bn, more than treble the amount raised for Landmark's first infrastructure secondaries programme.
For an LP, navigating these processes can be a minefield. Rod James, of sister publication Secondaries Investor, offers a few pointers.
New York
Adam Tope will focus on infrastructure, energy and real estate GP-led restructurings.
Telecommunications
The firm is set to close a deal to move one asset from its $7bn 2012-vintage Tactical Opportunities Fund into a continuation vehicle.
Janice Ince will source, evaluate and execute real assets primary and secondaries deals from the firm's San Francisco office.
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