Northleaf Capital Partners has closed its private credit fund at more than US$670 million in committed capital. Northleaf Private Credit I, which was backed by new and existing institutional investors, is focused on investing in senior, unitranche, second lien, mezzanine and subordinated loans in North America and Europe, primarily in support of private equity-backed companies. More than 30 percent of the fund has already been invested in ten loans. Toronto-based Northleaf said the fund's close brings total commitments managed across the firm's private equity, infrastructure and private credit platform to more than US$10 billion.