Northleaf raises $255 million for PE fund

With the closing of NSP, Northleaf now has approximately $600 million of capital available for secondary investments across its global private equity program.

“Secondary investing has been a return-enhancing component of our global private equity program since 2003,” says Michael Flood, managing director of Northleaf and co-head of the firm’s secondaries program. “Given the prospect for strong returns and early cash distributions, secondaries are an important component of a well-diversified private equity program.”

Northleaf plans to target transactions where it has a competitive advantage and is pursuing deals that generally take place outside of the competitive auctions of large portfolios.

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