Northleaf Capital Partners (Northleaf) has held the final closing for its third pooled infrastructure fund, Northleaf Infrastructure Capital Partners III (NICP III). The fund is focused on direct, long-term investments in mid-market assets in OECD countries, providing investors with stable, consistent cash flow from assets that deliver essential services.
The company has raised more than US$1.4 billion of commitments, exceeding the original target of US$1.25 billion. The fund received commitments from a broad range of institutional limited partners globally, comprising public and private pension funds, sovereign wealth funds, insurance companies, endowments, consultants, financial institutions and family offices.
NICP III has already completed five investments, including the acquisition of UK-based Quickline Communications.