Northleaf Capital Partners buys controlling interest in Mercury Broadband

Northleaf Capital Partners acquired a controlling interest in Mercury Broadband and will invest up to $230 million over the next several years to support the provider’s expansion plans. Mercury Broadband, also known as Mercury Wireless, won Rural Digital Opportunity Fund (RDOF) money to cover some of the costs of deploying a combination of fixed wireless and fiber broadband to unserved and underserved rural areas of Indiana, Michigan, Ohio, Illinois, Missouri, Kansas, Iowa, and Nebraska. Northleaf, a “global private markets investment firm,” raised $21 billion in private equity, private credit and infrastructure commitments from public, corporate and multi-employer pension plans, endowments, foundations, financial institutions and family offices. The company currently has 500 active investments.