# Novacap: portfolio, investments and team > Novacap is a private equity based in Canada. 5 investments on record, latest Aug 2008. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/novacap (Millionrounds; every figure on the page links to its filing or article) Canada · [Investor](https://millionrounds.com/investors) # Novacap Filed with the SEC to raise a fund in Oct 2026, closing $20M. Last cheque observed Aug 2008. Quiet New fund $20M, Oct 2026 Private equity Buyout Consumer Health Care Financial Services Cheques on record **0%** of best year **0** **cheques in 12 months**, 5 on record Since the last cheque **6646** days **00** hrs **00** min **00** sec Median round **$7.0M** Rounds led **0 of 5** Sole investor **3 rounds** Exits **2 from the portfolio** Mostly in **United States, 60%** Pitch Novacap ## Novacap highlights - 01 5 rounds on record - 02 Mostly Series A and Series C: 80% of its rounds - 03 Sole investor in 3 rounds, median $3.9M - 04 2 exits from the portfolio ## What they do > Filed 1 private fund offerings with the SEC, the most recent in 2026-10 From their own website - **Type:** Private equity (from a list, unverified) - **Cheque size:** Not stated - **Stages:** Buyout - **Sectors:** Consumer Health Care Financial Services - **Based in:** Brossard, Canada - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **5 appearances** - **2008** 1 round - **Aug** **[Ryma Technology Solutions](https://millionrounds.com/company/ryma-technology-solutions)** Series B · CA · pehub.com **$7.0M** With 1 other - **2005** 2 rounds - **Nov** **[Ryma Technology Solutions](https://millionrounds.com/company/ryma-technology-solutions)** Series A · CA · canadait.ca **$3.0M** Sole investor - **Nov** **[Tenrox](https://millionrounds.com/company/tenrox)** Series A · US · tenrox.com **$3.9M** Sole investor - **2004** 1 round - **Jun** **[Scene7](https://millionrounds.com/company/scene7)** Series C · US **$7.5M** With 3 others - **1999** 1 round - **Apr** **[XO Group, Inc.](https://millionrounds.com/company/xo-group-inc)** Series C · US · findarticles.com **$15M** Sole investor An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor. ## The team Named by the firm itself, on a filing, its Form ADV or its company registration **13 named** BD **Bruno Duguay** Director, Chief Legal Officer and Secretary of Novacap Management Inc. i Filing they signed DL **David Lewin** Lead Senior Partner, Technologies i Filing they signed DM **Domenico Mancini** Member of investment committee of Novacap Management Inc., the general partner i Filing they signed FP **Frederick Perrault** Member of investment committee of Novacap Management Inc., the general partner i Filing they signed JF **Jacques Foisy** Director and President Industries of Novacap Management Inc., the general partner i Filing they signed MP **Marc Paiement** Member of investment committee of Novacap Management Inc., the general partner i Filing they signed ML **Marcel Larochelle** President, Managing Partner, Financial Services of the General Partner i Filing they signed MC **Michel Cote** Member of investment committee of Novacap Management Inc., the general partner i Filing they signed PT **Pascal Tremblay** Director, President, Chief Executive Officer and Managing Partner, Digital Infrastructure i Filing they signed RB **Rajiv Bahi** Director and Vice President of the General Partner i Filing they signed RB **Rajiv Bahl** Director i Filing they signed SB **Stephane Blanchet** Director and Chief Financial Officer of Novacap Management Inc., the general partner i Filing they signed TM **Ted Mocarski** Senior Partner, Head of Digital Infrastructure i Filing they signed We also hold **127** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them. ## What the register says From the firm's own filings with the SEC, which it must file accurately by law **$26B** assets it manages, 3 advisers combined Oct 2026 **Registered** investment adviser full reporting to the SEC - **Legal name:** Novacap Management Financial Services Inc. - **SEC number:** CRD 290100 ## Exits from the portfolio Companies it backed that were later bought or listed **2 in all** **[Tenrox](https://millionrounds.com/company/tenrox)** Bought by Upland Software **Undisclosed** Feb 2012 **[Scene7](https://millionrounds.com/company/scene7)** Bought by [Adobe Systems](https://millionrounds.com/fund/adobe-systems) **Undisclosed** May 2007 An exit counts when it came after the firm's first round in the company. From historical deal records. ## Companies it bought Acquisitions by the firm itself **Onstream Pipeline** **Undisclosed** Nov 2015 **Cu Chemie Uetikon** **Undisclosed** May 2015 **[Dialogic](https://millionrounds.com/company/dialogic)** **$35M** Oct 2014 New fund on file **$20M** raised in Oct 2026 From its SEC filing, not a journalist: a firm that has just raised has money to deploy. ## The cheque Buyout Median round joined **$7.0M** the round, not its cheque Alone, median **$3.9M** Led 0 of 5 rounds **0%** - **Sole investor:** 3 rounds - **Last cheque:** Aug 2008 - **Exits:** 2 from the portfolio Rounds by stage said on their site - Series A *2* - Series C *2* - Series B *1* - Buyout said *-* Cheques by year Led Joined 1999 2008 **Pitching Novacap?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Quick answers about Novacap ### What does Novacap invest in? Novacap invests most often at Series A and Series C (80% of the rounds on record), in sectors such as Consumer, Health Care and Financial Services. ### How active is Novacap? 5 investments on record, 0 of them in the last 12 months. The most recent was in Aug 2008. ### How big are Novacap's cheques? The median round it joins is $7.0M. ### Does Novacap lead rounds? Rarely, if at all: none of its 5 investments on record names it as the lead. ### Where does Novacap invest? Most of the companies it backs are in the United States (60%) and Canada (40%). ### Is Novacap investing now? No investments in the last 12 months; the latest was in Aug 2008. ### What kind of investor is Novacap? Novacap is a private equity firm based in Brossard, Canada. ### How much does Novacap manage? About $26B, as regulatory assets under management, 3 advisers added together (Oct 2026). ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. 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