Northleaf

www.northleafcapital.com
299 Park Avenue, 41st Floor
New York, NY 10171
William Allis Managing Director, Insurance Solutions
william.allis@northleafcapital.com
+1 646 512 9600
About Northleaf Capital Partners
Northleaf Capital Partners is a global private markets investment firm with more than US$31 billion in private equity, private credit and infrastructure commitments raised to date from more than 375 institutional and family office investors and a growing number of wealth, asset management and insurance partners. Northleaf sources, evaluates and manages private markets investments, with a focus on mid-market companies and assets. Northleaf’s 300-person team is located in Toronto, Chicago, London, Los Angeles, Melbourne, Menlo Park, Montreal, New York, Seoul and Tokyo. For more information, please visit www.northleafcapital.com.
Private Credit Market Update: Q1-2026
The first quarter of the year was characterized by a volatile and more uncertain backdrop mainly due to broader concerns around geopolitical tension, commodity prices and the potential for artificial intelligence (“AI”) disruption across a range of industries.
Why Now: The Case for Secondaries in 2026
2026 may be a compelling entry point for private equity secondaries. Discover how supply-demand tailwinds, market volatility, structural liquidity needs and improved transparency are shaping opportunities across the secondaries market.
Private Equity Market Update: Q4-2025
While the global macro environment remains highly uncertain, we believe the structural advantages inherent in private equity ownership and the value creation capabilities that top PE managers have developed, may offer durable sources of outperformance.
Private Equity Market Update: Q3-2025
Q3 saw an increase in deal flow with deal value rising 28% over Q2 25 and deal count rising modestly over the same period (see Figure 1). After a lull in deal activity in Q2 mainly caused by the tariff disruptions, the market rebounded as clarity improved around policy direction and impact.
Private Credit Market Update: Q3-2025
The third quarter of 2025 featured further evidence of broadly resilient performance from the private credit market, despite many economists pointing to mixed economic indicators and a growing sense of uncertainty within the market.
Private Equity Market Update: Q2-2025
The second quarter of 2025 was marked by heightened market turbulence following the U.S. tariff announcements on April 2.
Bringing a Portfolio Perspective to Improve Private Credit Outcomes
Jon McKeown of Northleaf Capital Partners joins the podcast to discuss how a portfolio-level approach can improve private credit outcomes and support better risk adjusted returns.
Private Credit Market Update: Q2-2025
Trade policy tension in the wake of tariff announcements issued by the US administration on April 2 drove several weeks of market volatility, including short-term repricing of risk across credit markets. The market also experienced a temporary pullback in new issue activity, most notably in the liquid markets.
Private Credit Market Update: Q1-2025
While tariff policy remains fluid, the market generally believes that the risk of higher inflation and slower economic growth has increased. The path of monetary policy is also more uncertain and will largely depend on how tariffs work their way through the economy.
Private Equity Secondaries: Optimizing Through Portfolio Construction
Shane Feeney, Managing Director and Global Head of Secondaries at Northleaf Capital, shares how private equity secondaries work, why they offer strong risk‑adjusted returns, and how insurance investors can optimize portfolio construction in this evolving market.
Private Credit Market Update: Q4-2024
The market risk outlook is generally improving with recent indicators pointing to a healthy economy and robust labour market in the US, though geopolitical and inflationary implications of potential policy shifts including trade barriers, remain an open question.
Private Credit Market Update: Q3-2024
In Q3-2024, the Federal Reserve began its anticipated rate-easing cycle with a 50-bps cut following two and a half years of tightening policy. Recent economic indicators have largely been positive, but the broader risk of economic softness has not dissipated. The market continues to project that medium to long-term base rates will remain elevated compared to the historical average.
Specialty Finance: Low-Correlation Opportunities Lie in Niche Segments
David Ross is the Managing Director & Head of Private Credit at Northleaf.











