# Northleaf Capital Partners: portfolio, investments and team

> Northleaf Capital Partners is a private equity based in Canada. 7 investments on record, latest Sept 2019. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/northleaf-capital-partners (Millionrounds; every figure on the page links to its filing or article)

Canada · [Investor](https://millionrounds.com/investors)

# Northleaf Capital Partners

Last cheque observed Sep 2019. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

Email

Quiet Private equity

Seed Series A Series B Social Impact Social Good Sustainable

Follow Northleaf Capital Partners and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fnorthleaf-capital-partners)

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 7 on record

Since the last cheque **2593** days **00** hrs **00** min **00** sec

Median round **$222M** Rounds led **0 of 7** Mostly in **United States, 67%**

Pitch Northleaf Capital Partners

## Northleaf Capital Partners highlights

- 01 7 rounds on record
- 02 Mostly Growth and Debt: 50% of its rounds

## What they do

> Northleaf Capital Partners is a global private markets firm with $32B+ in commitments across mid-market private equity, private credit, infrastructure. From their own website

- **Type:** Private equity (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Seed Series A Series B Growth
- **Sectors:** Social Impact Social Good Sustainable
- **Based in:** Toronto, Canada
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **7 appearances**

- **2019** 1 round
- **Sept** **[Verafin](https://millionrounds.com/company/verafin)** Debt · CA · FinSMEs **$389M** With 6 others
- **2016** 1 round
- **Jan** **[Pivot3](https://millionrounds.com/company/pivot3)** **$56M** With 9 others
- **2014** 2 rounds
- **Aug** **[Pivot3](https://millionrounds.com/company/pivot3)** Series E · US **$12M** With 7 others
- **Apr** **[Wattpad](https://millionrounds.com/company/wattpad)** Series C · CA **$46M** With 7 others
- **2013** 1 round
- **Oct** **[Pivot3](https://millionrounds.com/company/pivot3)** Growth · US · finsmes.com **$14M** With 7 others
- **2012** 1 round
- **Feb** **[Pivot3](https://millionrounds.com/company/pivot3)** Growth · US · techcrunch.com **$23M** With 6 others
- **2010** 1 round
- **Apr** **[Pivot3](https://millionrounds.com/company/pivot3)** Series D · US · texastechpulse.com **$4.0M** With 1 other

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **5 named**

JE **Jeffrey Edward George Pentland** Managing Director/Director i Form ADV

JT **Jeffrey Theodorus Lucassen** Chief Financial Officer i Form ADV

KM **Katherine Mary Gurney** General Counsel, Chief Compliance Officer & Secretary i Form ADV

MW **Michael William Flood** Managing Director/Director i Form ADV

SD **Stuart Douglas Waugh** Managing Director and Managing Partner/Director i Form ADV

We also hold **19** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$4.5B** assets it manages, 2 advisers combined Oct 2026

**Registered** investment adviser full reporting to the SEC

- **Legal name:** Northleaf Capital Advisors LTD.
- **SEC number:** CRD 145014

Funds on its Form ADV

**3** private funds, **$540M** in gross assets · filed Dec 2024

Private equity **2** Infrastructure **1**

- Northleaf Infrastructure Capital Partners (US) III L.P. *Infrastructure* 11 investors $450M
- Northleaf Capital Opportunities (US) L.P. *Private equity* 1 investor $85M
- Northleaf Global Private Equity Investors (International) III L.P. *Private equity* 2 investors $5.2M

Funds they back

## 3 fund commitments on record

- **Managers:** 3

Every fund on record that it has committed money to, and the managers who invest it. Source: fund news.

Managers it backs most

- [Intrepid Growth Partners 1 fund](https://millionrounds.com/fund/intrepid-growth-partners)
- [Lumira Ventures 1 fund](https://millionrounds.com/fund/lumira-ventures)
- [Relay Ventures 1 fund](https://millionrounds.com/fund/relay-ventures-4)

Most recent commitments

- [Intrepid Growth Partners inaugural fund](https://millionrounds.com/fund/intrepid-growth-partners)
- [Lumira Ventures Lumira Ventures V, LP](https://millionrounds.com/fund/lumira-ventures)
- [Relay Ventures Fund III](https://millionrounds.com/fund/relay-ventures-4)

## The cheque

Seed Series A Series B

Median round joined **$222M** the round, not its cheque

Led 0 of 7 rounds **0%**

- **Sole investor:** Never alone
- **Last cheque:** Sept 2019

Rounds by stage said on their site

- Growth said *2*
- Debt *1*
- Series C *1*
- Series D *1*
- Series E *1*
- Seed said *-*
- Series A said *-*

Cheques by year Led Joined

2010 2019

Often in the room with

- [InterWest Partners](https://millionrounds.com/fund/interwest-partners) 4
- [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) 4
- [Focus Ventures](https://millionrounds.com/fund/focus-ventures-2) 3
- [Mesirow Financial](https://millionrounds.com/fund/mesirow-financial) 3
- [Silver Creek Ventures](https://millionrounds.com/fund/silver-creek-ventures) 3
- [Focus Ventures](https://millionrounds.com/fund/focus-ventures) 2

**Pitching Northleaf Capital Partners?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as Northleaf Capital Partners. A count of rooms they were both in, not a relationship either has claimed.

[**InterWest Partners** VC firm **4** rounds together](https://millionrounds.com/fund/interwest-partners)[**Lightspeed Venture Partners** VC firm **4** rounds together](https://millionrounds.com/fund/lightspeed-venture-partners)[**Focus Ventures** Growth equity **3** rounds together](https://millionrounds.com/fund/focus-ventures-2)[**Mesirow Financial** Private equity **3** rounds together](https://millionrounds.com/fund/mesirow-financial)[**Silver Creek Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/silver-creek-ventures)[**Focus Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/focus-ventures)[**S3 Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/s3-ventures)

## Recently backed

The latest companies Northleaf Capital Partners put money into.

[**Verafin** $389M · Sept 2019](https://millionrounds.com/company/verafin)

## Mentioned on podcasts

Episodes that name Northleaf Capital Partners in their description, not their title.

- [How I Invest](https://millionrounds.com/podcasts/how-i-invest) 24 Aug 2026 · 1h 9m E420: Why Infrastructure Is a $40 Trillion Opportunity Mentions [Northleaf Capital Partners](https://millionrounds.com/fund/northleaf-capital-partners) Apple PodcastsShow page

## Quick answers about Northleaf Capital Partners

### What does Northleaf Capital Partners invest in?

Northleaf Capital Partners invests most often at Growth and Debt (50% of the rounds on record), in sectors such as Social Impact, Social Good and Sustainable.

### How active is Northleaf Capital Partners?

7 investments on record, 0 of them in the last 12 months. The most recent was in Sept 2019.

### What has Northleaf Capital Partners invested in recently?

Its most recent investments on record: Verafin (Debt, Sept 2019) and Pivot3 (Jan 2016).

### How big are Northleaf Capital Partners's cheques?

The median round it joins is $222M.

### Does Northleaf Capital Partners lead rounds?

Rarely, if at all: none of its 7 investments on record names it as the lead.

### Where does Northleaf Capital Partners invest?

Most of the companies it backs are in the United States (67%) and Canada (33%).

### Is Northleaf Capital Partners investing now?

No investments in the last 12 months; the latest was in Sept 2019.

### Who does Northleaf Capital Partners invest alongside?

Most often InterWest Partners (4 rounds together), Lightspeed Venture Partners (4 rounds together) and Focus Ventures (3 rounds together).

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