– Northleaf Capital Partners has closed its inaugural Northleaf Asset-Based Specialty Finance (NASF) fund with approximately US$450 million in commitments, including co-investment vehicles.
– The strategy targets low-correlation, cash-generative asset-based specialty finance, offering diversification and downside protection.
– Northleaf has invested approximately US$1.4 billion across 21 investments in asset-based specialty finance since entering the market in 2018.
– JD Gettmann, CFA has joined Northleaf as Managing Director and Global Head of Asset-Based Specialty Finance, coming from MidCap Financial, where he co-founded and led the Lender Finance business.
– David Ross, Managing Director and Head of Private Credit:
“As markets have become more volatile, we’ve seen investors place a greater emphasis on resilience and diversification within their private credit portfolios.”
– JD Gettmann, Managing Director and Global Head of Asset-Based Specialty Finance: “Northleaf has built a differentiated asset-based specialty finance platform, supported by a strong track record, disciplined underwriting and deep origination relationships.”
