Northleaf snags director from Bain Capital

The Toronto-based firm is also investing its $1.4bn private credit fund.

Northleaf Capital Partners has hired Robert Weiss, a former managing director at Bain Capital Credit, to be a senior advisor on its private credit team, the company said on Monday.

Weiss will work on the full spectrum of Northleaf’s private debt investments and will be based in Chicago, according to a statement.

Most recently, Weiss led the Chicago office at Bain Capital Credit, where he was responsible for the firm’s mid-market lending, including senior debt, mezzanine and equity. Prior to Bain, he was a consultant at the Boston Consulting Group.

The firm made another key private credit hire this year when, in February, it announced the addition of Christopher Wang of Macquarie Bank as the new senior associate of private credit.

Northleaf began fleshing out its private credit team last year before it announced the close of its $1.4 billion debut fund, Northleaf Private Credit I, and a partnership with Antares Capital, in which Northleaf acquired a minority stake in the mid-market lender. The fund targets senior, unitranche, second lien, mezzanine and subordinated loans in North America, the UK, western Europe and Australia, with a primary focus on private equity-backed companies, according to a statement. 

The fund will hold its final close this October, David Ross, global head of the private credit business at Northleaf, told Private Debt Investor.  

“We’ve raised the fund and hope to extend the strategy by building out the the team, which is now risen to 10 people across the three offices now,” he added.

In September, Brett Lauber, the firm’s director of private debt, joined the Northleaf in the Chicago office from Fifth Street Asset Management and Daniel Gardiner in the London office from Citigroup.

That same month, Northleaf added David Ross from Bain and Alex Jackson from Hayfin Capital in its London office, along with Daniel Nguyen, previously at Westface Capital, in its Toronto office.

In October, Northleaf brought Spencer Ross, formerly of Catalyst Group, on board as a senior associate on its Toronto team.

The firm was not immediately available to comment.