The co-head of secondaries at Northleaf Capital Partners has taken up a different role after nine years in the post.
London-based Daniel Dupont has become vice-chair, Europe, according to a statement. He will remain a member of the private equity investment committee and maintain responsibility for senior coverage of institutional investors in Europe and Canada. He will also play a mentorship role within the secondaries and private equity team.
Co-head of secondaries Mike Flood will assume sole leadership of the unit, Secondaries Investor understands. Flood also acts as head of private equity.
“We have built capabilities and expertise across all types of secondaries including LP interests, direct secondaries, continuation fund transactions and fund level financings; the business is positioned well to succeed in [the] mid-market secondary space,” said Dupont by email. He joined Northleaf as managing director and co-head of secondaries in 2011.
Northleaf held an $800 million final close on Northleaf Secondary Partners II in 2018 and raised $500 million for separately-managed accounts. It focuses on transaction sizes of less than $100 million and companies with between $10 million and $100 million in EBITDA.
Deals it has backed include a stapled tender offer on LBO France’s 2010-vintage Hexagone III fund, which was worth below €50 million.
Northleaf has around $14 billion in assets under management across private equity, private credit and infrastructure, according to its website.