Northleaf bulks up secondaries team

Northleaf Capital Partners, a private equity and infrastructure manager, has hired an associate in its London office and promoted three staff who focus on secondaries deals, according to a statement by the firm.

Richard Bolton joined the firm in October and focuses on the origination, evaluation and monitoring of secondaries investments. Bolton was previously an analyst in KPMG’s corporate development team where he focused on investment opportunities across various sectors, according to Northleaf’s website.

The firm also promoted Matthieu Ducharme to director in its London office. Ducharme, who previously worked at Pantheon Ventures, focuses on sourcing secondaries deals and has completed several recent secondaries investments, according to the statement.

Northleaf also promoted two secondaries-focused staff in its Toronto headquarters including Ian Carew, who is now a director responsible for private equity partner relations with a focus on primary, secondaries and co-investment deals, and Brad Blowes, who was promoted to senior associate focusing on originating, evaluating and monitoring secondaries deals.

The firm also promoted three staff in its Toronto and Menlo Park offices across its infrastructure, primary and co-investment platforms, according to the statement.

Northleaf, which had invested about half of its debut secondaries fund as of July, may start raising a second dedicated secondaries fund in 2016 or 2017 and will target global investors for the first time, managing director Daniel Dupont recently told Secondaries Investor.

Northleaf spun out of TD Capital Private Equity Investors, the private equity fund of funds and co-investment arm of Canada’s TD Bank Financial Group in 2009 and manages about C$7 billion ($5 billion; €5 billion) in assets, according to PEI data. The firm employs 70 staff across its three offices.