Novacap

Private Equity Est. 1981
Website →
≈USD 12B
Firm FUM
Assets under management, stated by Novacap, 2026 · source
Type
Private Equity
HQ
Toronto, ON, Canada
Founded
1981
Last fundraise
2026 (USD 3.8B)

About

Novacap is one of the most prominent private and growth equity firms in Canada. We look for entrepreneurial companies that are leaders in a market niche and focused on profitability. Novacap is focused on building world-class companies in two main market segments: Industries and TMT. NOVACAP INDUSTRIES invests in middle market companies within traditional industries that have the potential to become global leaders by enhancing their operations, product offering, and market reach or through industry consolidation. NOVACAP TMT invests in companies focusing on growth and market leadership in the Technology, Media and Telecommunications market. Novacap TMT partners with first-class management teams and actively works with them to build leading global organizations.

Strategies

Buyout
Growth Equity

Investment Focus

Investment size
USD 50M - USD 300M

Reported investment size. Actual commitments may vary by stage, ownership and follow-on participation.

Investment Stages
Stages
Growth
Investment Geographies
Primary Markets
Canada
Coverage
Country-focused
Regions
North America

Coverage is a guide only.

Location

Headquarters
Toronto, ON, Canada
Office Presence
1 country
Canada
2 known offices
Toronto, ON, Canada (HQ)
Longueuil, QC, Canada

Fundraising

Novacap Technologies Fund VII
Feb 25, 2026
USD 3.8B
source
Novacap Digital Infrastructure Fund I
Jan 22, 2025
USD 1B
source
Novacap Financial Services I
Sep 30, 2021
CAD 417M
source
Novacap Industries V
Nov 21, 2019
CAD 940M
source
Novacap TMT V
Jul 20, 2017
CAD 840M
source

Similar investors

Other Private Equity Firms with Offices in Canada

#1 The Carlyle Group
The Carlyle Group is a global private equity and alternative asset manager headquartered in Washington DC, USA. Carlyle was founded in 1987 and has grown to become one of the largest, most well known and most respected private equity managers globally. Carlyle operates across four principal strategies: Corporate Private Equity ($75bn AUM), Real Estate and Infrastructure ($44bn AUM), Global Credit ($34bn) and Fund of Funds / Investment Solutions ($34bn AUM). Carlyle was founded in 1987, originally as an investment banking boutique, by five founders: William Conway, Stephen Norris, David Rubenstein, Daniel D'Aniello and Greg Rosenbaum. Carlyle went public through a NASDAQ listing in May 2012.
#2 Fiera Capital
Fiera Capital is one of the largest independent investment management firms in Canada. We invest in equity, credit and fund of funds opportunities globally and use a number of partners with local expertise. Our core investment platforms are Fiera Properties (direct real estate investment primarily in North America), Fiera Infrastructure (mid-market and core infrastructure investments in OECD countries), Fiera Comox (direct Agriculture and Private equity investments globally) and Fiera Private lending (real estate and business lending). Fiera Capital offers a broad spectrum of investment strategies across asset classes, styles and capitalization ranges. We are one of only a handful of independent investment firms providing extensive expertise in Canadian active and structured fixed income, Canadian and foreign equity, asset allocation and non-traditional investment solutions through a broad range of strategies and services. Fiera Capital is a research-driven investment firm. We believe that disciplined, methodical analysis and the consistent application of a rigorous investment approach produce superior performance. Our active management model stresses teamwork and the free exchange of ideas among a group of highly experienced investment professionals. Fiera Capital was formed in 2003 through the acquisition of Elantis Investment Management from the Desjardins Group.
#3 HIG Capital
H.I.G. Capital is a global alternative investment manager with private equity, growth equity, credit, real estate, infrastructure and growth-stage healthcare strategies.
#8 Altas Partners
Altas Partners is a Toronto-based private equity firm founded in 2012 that acquires and actively owns high-quality, North American-headquartered businesses with a long-term orientation.