Northleaf Capital Partners Opens Office In Melbourne, Australia, And Completes Acquisition of Stake In Lal Lal Wind Farms
June 17 2018 - 5:00PM
Business Wire
Northleaf Capital Partners (Northleaf) is pleased to announce
the opening of an office in Melbourne, Australia as the firm
continues to expand its US$10 billion global private markets
investment management platform. The announcement coincides with
Northleaf reaching financial close on its third Australian
infrastructure investment – a 40% equity interest in Lal Lal Wind
Farms, two wind generation projects located near Ballarat,
Victoria.
“A formal presence in Australia extends Northleaf’s worldwide
network, enhancing our capabilities to provide investors with
access to highly differentiated mid-market infrastructure, private
equity and private credit investments globally,” said Stuart Waugh,
Managing Partner of Northleaf. “Establishing the Melbourne office
also reflects our ongoing commitment to private markets
opportunities in Australia and New Zealand and provides a local
base from which to continue our successful, long-standing
investment activities in the region, which began with our first
Australian private equity investment in 1998.”
Northleaf’s Melbourne office is managed by Tom Irvine, Managing
Director, who has been working with Northleaf since 2015. Tom was
previously a Director, Infrastructure, at RBC Capital Markets in
both London and Sydney. He is supported by Adrian Jetter, Senior
Associate, who has been working with Northleaf since 2017. Adrian
was most recently with J.P. Morgan in Frankfurt, where he was a
Vice President, Investment Banking, focused on M&A and capital
markets transactions. Tom and Adrian are actively involved in deal
sourcing, diligence, execution and asset management across
Northleaf’s infrastructure program.
“We are delighted to officially open Northleaf’s office in
Melbourne,” said Tom Irvine, Managing Director. “We look forward to
extending the firm’s global private markets capabilities in
Australia and New Zealand and continuing to grow our $2.7 billion
infrastructure program.”
Northleaf acquired its stake in Lal Lal Wind Farms from the
project’s developer, Macquarie Capital. Installation has commenced,
and the wind farms are scheduled to be fully operational by the
second half of 2019. When complete, the projects will generate a
combined output of 228 MW, powered by Vestas 3.8 MW
turbines.
Northleaf‘s global infrastructure portfolio includes
26 assets, representing more than $20 billion in total
enterprise value, and the firm has been an active investor in
Australia and New Zealand. In addition to Lal Lal Wind Farms,
Northleaf has invested in Waterloo Wind Farm, an operational
131 MW facility located in South Australia, and ANZ Terminals,
a bulk liquid storage business with operations in Australia and New
Zealand.
About Northleaf Capital Partners
Northleaf Capital Partners is an independent global private
markets investor with more than US$10 billion in private
equity, private credit and infrastructure commitments under
management on behalf of public, corporate and multi-employer
pension plans, endowments, foundations, financial institutions and
family offices.
Northleaf’s team, located in Toronto, Montreal, London, New
York, Chicago, Menlo Park and Melbourne, is focused exclusively on
sourcing, evaluating and managing private markets investments
globally. Northleaf’s global portfolio includes more than 250
active investments in 14 countries. Northleaf currently manages
seven global private equity funds, two specialist secondary funds,
a global private credit fund, two direct OECD-focused
infrastructure funds and a series of customized investment mandates
tailored to meet the specific needs of institutional investors and
family offices. For more information on Northleaf, please
visit www.northleafcapital.com.
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Northleaf Capital PartnersInvestor and media inquiries:Nadine
Cannata +1 416-477-6623Vice
Presidentnadine.cannata@northleafcapital.comorInfrastructure
transaction related inquiries:Tom Irvine, +61 3 9900 6229Managing
Directortom.irvine@northleafcapital.com