Northleaf managing director leaves firm post $1.3bn raise

Matthieu Ducharme's departure comes two weeks after the firm held the final close on its largest-ever secondaries programme.

Northleaf Capital Partners, which this month raised its largest-ever secondaries fund, is bidding farewell to a senior secondaries executive.

London-based Matthieu Ducharme is leaving the firm after a decade at the Canadian private markets firm, according to a farewell email seen by Secondaries Investor.

“After 10 great years at Northleaf, I have decided to start a new chapter in my professional career,” Ducharme wrote. “This is a small industry and I am sure our paths will cross again in the future,” he added, without specifying his next move or last date at Northleaf.

Ducharme participated in all aspects of Northleaf’s private equity investment activities, with a focus on the origination, evaluation and monitoring of secondary investments, according to the firm’s website. He joined Northleaf in 2013 from intermediary PEFOX where he was a partner, and prior to that worked in Pantheon’s secondaries team.

He began his career with an expansion capital fund sponsored by Société Générale Asset Management in Paris.

Toronto-headquartered Northleaf raised $1.3 billion for Northleaf Secondary Partners III in February, marking a more than 60 percent step up in capital between vintages. The fund, which did not have a hard-cap, beat its $1.25 billion target, having launched in early 2021.

NSP III was a little over 50 percent invested as of mid-February, Shane Feeney, managing director and global head of secondaries, told Secondaries Investor at the time of the fund’s close.

Neither Ducharme nor a spokesperson for Northleaf returned a request for comment.