Northleaf $2.6B Infrastructure Fund Close
- Northleaf Capital Partners has successfully closed its Northleaf Infrastructure Capital Partners IV (NICP IV) fund, reaching its hard cap with $2.6 billion in commitments.
- The fundraise occurred after Jared Waldron's promotion to co-led Northleaf’s $7.5 billion infrastructure investment program in January 2025.
- NICP IV attracted over 70 institutional investors from 14 countries.
Northleaf Capital has closed its largest infrastructure fund, NICP IV, securing a massive $2.6 billion in commitments.This important achievement, exceeding the initial $2.25 billion target, marks a pivotal moment for the firm’s infrastructure investment programme, which focuses on middle-market assets in North America. the fund, which saw commitments from over 70 institutional investors across 14 countries, reflects robust confidence in Northleaf’s strategy and leadership, especially after Jared Waldron’s promotion to co-lead the firm’s $7.5 billion infrastructure program.The firm’s focus on strategic infrastructure investments has already yielded notable results. The successful raise is a testament to the dynamic market opportunities within the primarykeyword space. News Directory 3 is staying on top of these trends. Discover what’s next for Northleaf’s secondarykeyword strategy.
Northleaf Capital Closes $2.6B Infrastructure Fund, Exceeding Target
Updated May 25, 2025
Northleaf Capital Partners has successfully closed its Northleaf Infrastructure Capital Partners IV (NICP IV) fund, reaching its hard cap with $2.6 billion in commitments. This infrastructure investment surpasses the initial $2.25 billion target and significantly exceeds its predecessor, which closed at $1.4 billion in 2021.
The fundraise occurred after Jared Waldron’s promotion to co-led Northleaf’s $7.5 billion infrastructure investment program in January 2025. Waldron and Jamie Storrow jointly manage investment origination, execution, asset management, and business growth for the infrastructure strategy, which began in 2010.
NICP IV attracted over 70 institutional investors from 14 countries. The New York State Common Retirement Fund committed $200 million in 2023.Since 2023, the fund has made five investments, including Shared Tower and Provident energy Management, focusing on control investments in contracted middle-market assets, primarily in North America.
Recent milestones for the Toronto-based firm include the exit of Mula Solar Farm and the acquisition of an equity stake in CCM Hockey.
What’s next
Northleaf Capital is expected to continue focusing on strategic infrastructure investments,particularly in the North American middle market,leveraging the substantial capital raised in NICP IV.