Novacap
Novacap is a Montreal-based North American private equity firm managing more than US$12 billion in AUM through sector-focused funds in TMT, Digital Infrastructure, and Industrials. It invests in middle-market B2B software and technology-enabled services companies, having executed 29 platform investments and 95+ add-on acquisitions since founding in 1981.
- Company typePrivate
- Founded1981
- HeadquartersLongueuil, Canada
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Novacap does
Novacap is a North American private equity firm founded in 1981 and headquartered in Longueuil/Montreal, Quebec, Canada. The firm invests across dedicated sector strategies spanning Technology, Media and Telecom (TMT), Digital Infrastructure, and Industrial/Other verticals, targeting profitable, growing middle-market B2B software and technology-enabled services companies in North America. Novacap operates through multiple sector-focused funds, including the TMT VI Fund and the recently closed Tech Fund VII at nearly US$3.8 billion, with more than US$12 billion in total assets under management as of February 2026.
The firm generates returns through a classic private equity model: it raises capital from global institutional limited partners (with UBS acting as exclusive global placement agent for Fund VII), deploys that capital into control equity investments in platform companies, and executes value-creation plans including organic growth and serial add-on acquisitions. Since inception, Novacap has completed 29 platform investments and more than 95 add-on acquisitions. Notable recent transactions include the US$1.9 billion take-private of Integral Ad Science (Dec 2025), the US$600 million acquisition of Cadent (2023, fourth investment under TMT VI), and the US$1.45 billion exit of Eddyfi Technologies. The Digital Infrastructure vertical has scaled to five platforms including Stratus Networks, All West Communications, TAG Towers, NDT/Entegra (with La Caisse), and the HyscaleIX data center joint venture with H5 Data Centers launched in February 2026.
Novacap is led by founder and Chairman Marc Beauchamp and President & CEO Pascal Tremblay (also Managing Partner of the TMT Group), and the firm reports headcount in the 101-250 range. The firm supports portfolio companies with capital, operational expertise, and sector-specialized guidance, with active add-on execution evidenced by Revau (10 acquisitions since 2020), Alliance Solution Group (acquired Stryder Distribution in 2026), and Meloche Group (acquired Groupe Rossi Aéro, expanding to 900+ employees and over US$250 million in revenue). Revenue for the firm is generated primarily through management fees on committed/invested AUM and carried interest on realizations.
Novacap firmographics
Firmographics- Name
- Novacap
- Legal name
- Novacap
- Website
- https://novacap.ca
- Company type
- Private
- Founded year
- 1981
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Novacap is a Montreal-based North American private equity firm managing more than US$12 billion in AUM through sector-focused funds in TMT, Digital Infrastructure, and Industrials. It invests in middle-market B2B software and technology-enabled services companies, having executed 29 platform investments and 95+ add-on acquisitions since founding in 1981.
- Ownership category
- akta.pro rank
Novacap industry classification
Industry- Product category
- Private Equity Investment Management
- NAICS
- Funds, Trusts, and Other Financial Vehicles (525), Other Financial Investment Activities (5239), Portfolio Management and Investment Advice (523940)
- SIC
- Investors, Nec (6799)
- akta.pro primary industry
- Technology & Software Growth Equity (FSANACAA)
- akta.pro secondary industry
- Sector-Focused Venture Capital (Vertical Specialists) (FSANAAAD)
Keywords
Where Novacap is headquartered
LocationHeadquarters
- HQ city
- Longueuil
- HQ country
- Canada
- HQ region
- North America
Markets served
Novacap business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales
Marketing channels2 records
Novacap product offering
Product offeringCore offering
Novacap is a North American private equity firm that raises capital from institutional investors through sector-focused funds (including the TMT and Digital Infrastructure strategies, with the latest Technologies Fund VII closing at nearly US$3.8 billion) and makes control and strategic investments in middle-market B2B software, technology-enabled services, and digital infrastructure companies. The firm supports portfolio companies with capital, sector expertise, and M&A capabilities to accelerate transformational growth and add-on acquisitions.
Differentiator
Problem solved
Functional benefit
Products and services
- Novacap Technologies Fund VII Sector-focused private equity fund for institutional investors targeting middle-market B2B software and technology-enabled services companies in North America.
- Novacap TMT VI Fund
Quantifiable outcome
- Fund VII raised nearly $3.8 billion, exceeding $2.75 billion target by over $1 billion
- +2 more outcomes
Companies that use Novacap
Customer profileSegments1 record
Ideal customer profiles2 records
Novacap technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Novacap partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- H5 Data CentersminorNovacap and H5 Data Centers jointly launched HyscaleIX, a new data center platform, combining Novacap's private equity expertise with H5 Data Centers' infrastructure capabilities to serve growing digital infrastructure needs.
Scale indicators8 records
Recent moves7 records
Expansion highlights5 records
Novacap competitors and assessment
Company assessmentMarket position
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Novacap social profiles
Digital presenceNovacap financial estimates
Financial estimateRevenue estimate
Valuation estimate
Novacap leadership team
Management profileNumber of profiles
Profiles2 records
Novacap subsidiaries and ownership
Company hierarchySubsidiaries11 records
Novacap funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Novacap M&A and investment
M&A and investmentM&A58 records
Investments34 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Novacap
What does Novacap do?
Novacap is a North American private equity firm that raises capital from institutional investors through sector-focused funds (including the TMT and Digital Infrastructure strategies, with the latest Technologies Fund VII closing at nearly US$3.8 billion) and makes control and strategic investments in middle-market B2B software, technology-enabled services, and digital infrastructure companies. The firm supports portfolio companies with capital, sector expertise, and M&A capabilities to accelerate transformational growth and add-on acquisitions.
Is Novacap a public or private company?
Novacap is a private company. It is classified as management employee owned and is currently operating.
When was Novacap founded?
Novacap was founded in 1981. It employs 101 to 250 people.
Where is Novacap based?
Novacap is headquartered in Longueuil, Canada, in the North America region.
Does Novacap have an API?
No public API is recorded for Novacap.
What industry is Novacap in?
Novacap's product category is Private Equity Investment Management. Its primary akta.pro industry code is FSANACAA, Technology & Software Growth Equity, with a secondary code of FSANAAAD, Sector-Focused Venture Capital (Vertical Specialists). Its NAICS code is 525 and its SIC code is 6799.