Mackenzie Northleaf Global Private Equity Fund

25.5%

AVERAGE ANNUALIZED RETURN
SINCE INCEPTION AS AT DECEMBER 31^st, 2024¹

Discover the advantages of the illiquidity premium, which offers the potential for higher returns by investing in private assets.

Take a deeper dive into private equity to find out what it is, how it works and how it could enhance your clients’ portfolios.

Asset Class Private Markets

Mackenzie Northleaf Global Private Equity Fund

Subscription Agreement Subscription Agreement PDF

Why invest in this fund?

Private equity has historically delivered high absolute returns with lower volatility relative to public equities.
Private equity provides access to global value creation happening outside the public markets, in a far more diverse opportunity set.
Institutional management by Northleaf Capital Partners, with a strong track record in private equity investing.

Key Facts

Asset Class

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Portfolio Managers

Shane Feeney

Managing Director, Global Head of Secondaries

Investment experience since 1998

Northleaf Capital Partners

Arup Datta, MBA, CFA

Senior Vice President, Head of Team

Investment experience since 1992

Mackenzie Global Quantitative Equity Team

Shane Feeney is head of Northleaf's secondaries program and participates in all aspects of Northleaf’s private equity investment activities. The fund invests in certain investment vehicles managed by Northleaf to gain exposure to private equity assets. Neither Northleaf nor its employees are responsible for the operation of the fund. Arup Datta is the senior portfolio manager on the fund for Mackenzie Investments. For information regarding other Mackenzie portfolio managers on the fund and details of the fund’s management in general, please refer to the fund’s Offering Memorandum.

Performance

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Fund Materials

Advisor Feature Page - Mackenzie Northleaf Global Private Equity Fund pdf 581KB
Purchase & Redemption Schedule 2025 pdf 46KB
Subscription Agreement PDF pdf 383KB
Redemption of units form Mackenzie Northleaf Global Private Equity Fund pdf 128KB
Quarterly report – Mackenzie Northleaf Global Private Equity Fund pdf 265KB
How to implement the Mackenzie Northleaf Global Private Equity Fund into a portfolio pdf 291KB
Monthly report - Mackenzie Northleaf Global Private Equity Fund pdf 336KB

Regulatory Documents

Other Private Markets

Northleaf Capital Partners

The Mackenzie Northleaf Global Private Equity Fund has exposure to Northleaf Secondary Partners (Canada) III LP, managed by Northleaf Capital Partners.

Northleaf Capital Partners is a global private markets investment firm with top-tier capabilities across private equity, private credit and private infrastructure. Northleaf has been actively investing third-party capital in the private markets since 2001.

¹Inception date: April 19, 2022.

*Northleaf program assets displays the total assets of the Northleaf funds the Mackenzie Northleaf Global Private Equity Fund invests in. Northleaf fund(s) include: Northleaf Secondary Partners II, Northleaf Secondary Partners III, Northleaf Global Private Equity Fund, NGF Venture Holdings and Northleaf MN PE Custom.

**FA (Founders A) and FF (Founders F) is closed to all new investments as of March 31, 2023.

Offering documents for non-prospectus funds are available to qualified investors. Please contact your Mackenzie sales team.

For Accredited Investors (as defined in National Instrument 45-106 – Prospectus Exemptions) and Investment Advisors Only.

This material is not intended to constitute an offer of units of Mackenzie Northleaf Global Private Equity Fund (the “Fund”). The information contained herein is qualified in its entirety by reference to the Offering Memorandum (“OM”) of the Fund. Units of the Fund are generally only available to “accredited investors” (as defined in NI 45-16). The OM contains information about the investment objectives and terms and conditions of an investment in the Fund (including fees) and will also contain tax information and risk disclosures that are important to any investment decision regarding the Fund.

Past performance is not necessarily indicative of any future results. The Fund is not intended as a complete investment program.

‡‡ Effective June 1, 2022, the redemption charge purchase option, and the low-load purchase option are no longer available for purchase, including those made through systematic purchase plans such as pre-authorized contribution plans. Switching from securities of a Mackenzie Fund previously purchased under the redemption charge or low-load purchase options to securities of another Mackenzie Fund, under the same purchase option, will continue to be available until such redemption schedules expire.

ESG Metric Definition

* - The MSCI ESG Rating for funds is designed to measure the resiliency of portfolios to long-term ESG risks and opportunities. The most highly rated funds consist of issuers with leading or improving management of key ESG risks. The ESG Ratings range from leader (AAA, AA), average (A, BBB, BB) to laggard (B, CCC).

The Weighted Average Carbon Intensity measures a fund's exposure to carbon intensive companies based on scope 1 and 2 emissions.
The percentage of fund's market values exposed to companies that generate revenue from sustainable impact solutions goods and services. Additionally, sustainable impact solutions revenue from companies with negative externalities are excluded.
The fund holdings weighted average of the percentage of board members who are women.
The percentage of portfolio's market value exposed to companies facing one or more Very Severe controversies related to the environment, customers, human rights, labor rights and governance.
The percentage of portfolio's market value exposed to companies involved in tobacco. This includes companies that derive more than 10% of revenue from tobacco.
The percentage of portfolio's market value exposed to companies with ties to cluster munitions, landmines, biological / chemical weapons, depleted uranium weapons, blinding laser weapons, incendiary weapons, and/or non-detectable fragments.
The percentage of portfolio's market value exposed to companies involved in gambling. This includes companies that derive more than 10% of revenue from gambling activities.
The percentage of portfolio's market value exposed to companies involved in adult entertainment. This includes companies that generate more than 10% of their revenue from adult entertainment activities.

Each Fund’s ESG characteristics and performance may differ from time to time. Each Fund’s MSCI ESG rating and Morningstar Sustainability Rating does not evaluate the ESG-related investment objectives of, or any ESG strategies used by, the Funds and is not indicative of how well ESG factors are integrated by the Fund. Other providers may also prepare fund-level ESG ratings using their own methodologies, which may differ from the methodologies used by Morningstar or MSCI as applicable. Please refer to the simplified prospectus for the Funds for further information about each Fund’s investment objectives and strategies

MSCI’s ESG Fund Ratings are meant to measure environmental, social and governance (ESG) characteristics of a fund’s constituents. MSCI uses a rating system, ranging from CCC (laggard) to AAA (leader), which considers individual holding scores, ESG momentum and ESG tail risk. The rating is determined based on a weighted average of the company-level ratings of the underlying holdings of the particular fund. These ratings are updated monthly. Under MSCI’s ESG Fund Ratings methodology, a portfolio must meet an eligibility criterion of at least 65% of assets under management covered to have a public rating. See the complete methodology here.

The Morningstar Sustainability Rating is a measure of how well a portfolio, and its holdings, are performing through an ESG issues lens in comparison to its peer group. Higher number of globes indicates that portfolio has lower ESG risks. The rating is determined based on a weighted average of the company-level ratings of the underlying holdings of the particular fund. Ratings are as follows: High = 5 globes, Above Average = 4 globes, Average = 3 globes, Below Average = 2 globes, Low = 1 globe. These ratings are updated monthly. We have reported ratings as of the beginning of January. Under Morningstar’s Sustainability Rating, a portfolio must have at least 67% of assets under management covered to have a public rating. See the complete methodology here.

Weighted Average Carbon Intensity (WACI), a carbon-intensity metric, measures a fund’s exposure to carbon-intensive companies expressed in tonnes of carbon dioxide equivalent (tCO2e) per million dollars US of revenue (USDM). This metric acts as a comparable between the fund and the benchmark, utilizing MSCI’s ESG Fund Ratings methodology Scope 1 and Scope 2 greenhouse gas emissions data. Under our internal methodology, at least 65% of a portfolio’s weight must be eligible and covered in order for the metric to be reported.

Board diversity (women) is demonstrated through company filings; depicted as the percentage of women on a company’s Board of Directors. Company filing is done on an annual basis. Under our internal methodology, at least 65% of a portfolio’s weight must be eligible and covered in order for the metric to be reported.

MSCI ESG Research LLC’s (“MSCI ESG”) Fund Metrics products (the “Information”) provide environmental, social and governance data with respect to underlying securities within more than 23,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted to, nor received approval from, the US SEC or any other regulatory body. None of the Information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information.

© 2023 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results

Mackenzie Northleaf Global Private Equity Fund

25.5%

How the illiquidity premium can enhance portfolios

Your guide to private equity

Mackenzie Northleaf Global Private Equity Fund