Next Edge Capital

What Next Edge Capital does

Next Edge Capital Corp. is a Toronto-based, privately held Canadian investment fund manager specializing in alternative investments, private credit, and tax-advantaged flow-through products. Originally founded in 2006 as Man Investments Canada Corp., the firm spun out via a management buyout from Man Group Plc in June 2014 and was renamed Next Edge Capital Corp. As of December 31, 2024, the firm reported over $800 million in Assets Under Administration, with its management team collectively responsible for raising over CDN $3 billion of alternative assets in Canada since 2000.

The firm's product shelf spans multiple pooled investment vehicles: the Next Edge Private Debt Fund (secured, short-term loans and factoring, supported by USD $135M in revolving credit facilities from CIBC and BMO), the Veritas Next Edge Premium Yield Fund (Canadian equity income with covered option writing targeting 8% tax-efficient yield), the 2028 Investment Grade Bond Trust (TSX-listed closed-end fund, IGBT.UN), and a series of CMP Next Edge Critical and Precious Metals Short Duration Flow-Through Limited Partnerships acquired from Dundee Corporation in January 2025. Distribution occurs through a 17-agent syndicate led by National Bank Financial, CIBC, RBC, and Scotia Capital, alongside direct exempt-market distribution to accredited investors meeting NI 45-106 thresholds with $5,000-$25,000 minimum investments.

Next Edge Capital earns revenue primarily through recurring management fees (0.70% to 2.00% per annum depending on product and share class), performance fees (20% above defined NAV hurdles on certain flow-through LPs), and a 1% servicing fee component on Class A units of the Veritas Premium Yield Fund. The firm is registered as an Exempt Market Dealer, Portfolio Manager, and Investment Fund Manager across multiple Canadian provinces. It operates as a boutique asset manager with sub-advisor partnerships (Veritas Asset Management, Palos Wealth Management, Ridgewood Capital, Delbrook Capital, Garrington Group) that provide specialized portfolio management across strategies.

Name

Next Edge Capital

Legal name

Next Edge Capital Corp.

Website

https://nextedgecapital.com

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

11–50 employees

Short description

Next Edge Capital is a Toronto-based private Canadian investment fund manager that structures and distributes alternative investment, private credit, and flow-through share products to accredited investors through a bank-led dealer syndicate.

Ownership category

akta.pro rank

Product category

Alternative Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Other Investment Pools and Funds (5259), Funds, Trusts, and Other Financial Vehicles (525)

SIC

Investment Advice (6282), Security Brokers, Dealers & Flotation Companies (6211)

akta.pro industry

PRIMARYFSANADAA

Senior Secured Direct Lending

Financial & Insurance/Private Equity & Venture Capital/Private Credit / Direct Lending Funds

Keywords

• Alternative investment management
• Private credit funds
• Flow-through investments
• Exempt market dealer
• Asset management services

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. Management Fees: Next Edge Capital earns management fees from its various funds. Fee structures vary by fund: 2.00% per annum for the CMP Next Edge 2026 Flow-Through LP, 1.80% for Class A units of Veritas Premium Yield Fund, 0.80% for Class F units, and 0.70% for the 2028 Investment Grade Bond Trust.
2. Performance Fees: The CMP Next Edge 2026 Flow-Through LP charges a performance fee of 20% of the amount by which NAV per unit plus distributions exceeds a hurdle rate ($25.00 for Series A, $25.90 for Series F).
3. Distribution/Servicing Fees: Class A units of the Veritas Premium Yield Fund include a 1% servicing fee payable out of the management fee. Distribution is handled through a syndicated network of agents.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Next Edge Capital is a Toronto-based alternative investment fund manager that structures, distributes and manages pooled investment vehicles for Canadian investors, including private debt funds, flow-through limited partnerships for the resource sector, equity income funds, and investment grade bond trusts. Its products are distributed through a syndicated dealer network of 17 agents and directly to accredited investors, with management fees ranging from 0.70% to 2.00% per annum plus performance fees of 20% above hurdle on selected funds.

Product overview

Next Edge Capital is an investment fund manager providing a diversified portfolio of alternative investment products. The company's offerings span multiple product structures including private debt funds (Next Edge Private Debt Fund), equity income funds (Veritas Next Edge Premium Yield Fund), investment grade bond trusts (2028 Investment Grade Bond Trust), and resource-focused flow-through limited partnerships (CMP Next Edge series). The core platform consists of private credit and alternative lending solutions complemented by tax-advantaged flow-through share products for the Canadian resource sector. The company also historically offered biotech-focused funds and strategic metals funds. Key service providers include portfolio managers, sub-advisors, custodians, and transfer agents operating within regulatory frameworks across Canadian provinces.

Differentiator

Problem solved

Functional benefit

Brands

• Next Edge Private Debt Fund: Provides access to predominantly secured, short-term loans and diversified portfolio of factoring and secured loan investments.
• Next Edge RCM Private Yield Fund
• Veritas Next Edge Premium Yield Fund
• 2028 Investment Grade Bond Trust
• CMP Next Edge Flow-Through Limited Partnerships
• CMP Next Edge Resource Class

Products and services

• Next Edge Private Debt Fund Provides accredited investors with access to predominantly secured, short-term loans, including factoring and secured private debt investments. Targeted at investors seeking private credit exposure outside traditional banking channels.
• Veritas Next Edge Premium Yield Fund Diversified Canadian equity portfolio with a bias towards yield and capital preservation, using a covered option writing strategy to deliver tax-efficient monthly income targeting approximately 8% per annum. Available in Class A (1.80% management fee), Class F (0.80%) and Class I (negotiable) units.
• 2028 Investment Grade Bond Trust TSX-listed closed-end trust (IGBT.UN) that invests primarily in corporate debt securities of Canadian companies, typically purchased at discounts to par value, with a targeted termination date of March 31, 2028. Managed with a 0.70% management fee.
• CMP Next Edge 2026 Critical and Precious Metals Short Duration Flow-Through LP Limited partnership offering accredited investors significant tax benefits (CEE, METC and CMETC credits) and capital appreciation potential through flow-through shares of critical and precious metals resource companies. Issued in Series A ($25.00 hurdle) and Series F ($25.90 hurdle) units with 2.00% management fee and 20% performance fee above hurdle.
• CMP Next Edge 2025 Critical and Precious Metals Short Duration Flow-Through Limited Partnership Flow-through limited partnership offering tax-advantaged exposure (CEE, METC and CMETC credits) and potential capital appreciation through investments in flow-through shares of critical and precious metals resource companies.
• CMP Next Edge Resource Class Fund targeting long-term capital appreciation by investing primarily in Canadian resource companies that offer attractive risk-reward characteristics, as well as other Canadian equities.
• Next Edge RCM Private Yield Fund Fund providing access to asset- or cash-flow-backed private loans to selected companies throughout North America. Closed to new purchases as of July 2021, continuing to serve existing unitholders.
• Next Edge Strategic Metals And Commodities Fund Alternative fund providing exposure to strategic metals and commodities markets, with portfolio management services from Delbrook Capital Advisors Inc.
• Next Edge Biotech and Life Sciences Opportunities Fund Alternative mutual fund providing exposure to biotech and life sciences investment opportunities, leveraging the firm's healthcare and biotech investment capabilities.

Quantifiable outcome

• Over $800 Million in Assets Under Administration as of December 31, 2024
• +1 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Nine partnerships are on record, tiered major and core.

• National Bank Financial Inc.majorChannel Partner/ Reseller/ Distributor · 6 March 2026Lead agent in the syndicate distributing the CMP Next Edge 2026 Critical and Precious Metals Short Duration Flow-Through LP across all Canadian provinces.
• CIBC World Markets Inc.majorChannel Partner/ Reseller/ Distributor · 6 March 2026Lead agent in the syndicate distributing the CMP Next Edge 2026 fund across all Canadian provinces.
• RBC Dominion Securities Inc.majorChannel Partner/ Reseller/ Distributor · 6 March 2026Lead agent in the syndicate distributing the CMP Next Edge 2026 fund across all Canadian provinces.
• Scotia Capital Inc.majorChannel Partner/ Reseller/ Distributor · 6 March 2026Lead agent in the syndicate distributing the CMP Next Edge 2026 fund across all Canadian provinces.
• Palos Wealth Management Inc.coreStrategic or Co-development Partner · 6 March 2026Retained to provide portfolio management services to the CMP Next Edge 2026 Critical and Precious Metals Short Duration Flow-Through LP.
• Ridgewood Capital Asset Management Inc.coreStrategic or Co-development Partner · 2 November 2023Provides portfolio management services to the 2028 Investment Grade Bond Trust. Mark Carpani, Senior Vice President and Partner, serves as the investment adviser.
• Delbrook Capital Advisors Inc.coreStrategic or Co-development Partner · 1 September 2022Investment sub-advisor to the Next Edge Strategic Metals and Commodities Fund. Matt Zabloski, Portfolio Manager and Founder, provides expertise in energy crisis, battery metals, and commodities.
• Veritas Asset Management Inc.coreStrategic or Co-development Partner · 28 June 2022Sub-advisor to the Veritas Next Edge Premium Yield Fund, providing Canadian equity portfolio management with forensic investing approach. Anthony Scilipoti, President and CEO, leads the team.
• Garrington Group of CompaniescoreStrategic or Co-development Partner · 1 January 2015Primary credit advisor to the Next Edge Private Debt Fund. Tammy Kemp, Chief Credit Officer, leads risk management and underwriting. Provides loan origination and risk assessment for private lending operations.

Scale indicators4 records

Recent moves10 records

Expansion highlights5 records

Broad incumbents

• CI Financial (CI Global Asset Management): One of Canada's largest independent asset managers offering a broad shelf of alternative, fixed income, and equity funds distributed through advisor channels. Comparable as a Canadian-headquartered alternative investment platform with multi-channel distribution, but at materially larger AUM scale.
• Mackenzie Investments: Major Canadian asset manager with multi-asset and alternative strategies distributed through advisor networks. Relevant comparison for the advisor-led, fund-of-funds and alternative product distribution model Next Edge uses, but at much greater AUM.
• Fidelity Canada: Major Canadian retail asset manager with alternatives, fixed income, and equity products sold through advisors. Comparable in channel and product breadth, but at substantially larger scale and with a much broader product set.
• Manulife Investment Management: Large Canadian-headquartered asset manager offering alternatives, private credit, and equity income strategies through global distribution. Relevant as a benchmark for what a scaled-up version of Next Edge's alternative platform could look like, and notably the parent of Man Investments Canada Corp., from which Next Edge was spun out in 2014.

Direct peers

• Ninepoint Partners: Toronto-based alternative asset manager offering flow-through limited partnerships, private credit, and resource-focused funds, distributed through the same Canadian dealer syndicate. Closest comparable in size, product mix, and channel strategy to Next Edge Capital.
• Picton Mahoney Asset Management: Canadian independent alternative manager offering long/short equity, arbitrage, and fixed income alternatives through advisor channels. Directly comparable in mission (Canadian alternatives) and distribution via bank-led syndicates, though with a different strategy mix.
• Forge First Asset Management: Toronto-based independent alternative credit and private debt manager serving Canadian HNW and institutional clients. Closely comparable to Next Edge's Private Debt Fund business in product, scale, and target investor base.
• RP Investment Advisors: Canadian-based manager offering flow-through limited partnerships and resource-focused funds through dealer networks. Directly comparable to Next Edge's CMP flow-through LP product line in structure and distribution.
• Sprott Inc. Toronto-headquartered alternative asset manager specializing in precious metals, critical minerals, and resource-focused investment strategies. Directly comparable for the resource/commodities-focused fund offerings Next Edge runs through the CMP Next Edge and Strategic Metals lines.

Regional players

• Echelon Wealth Partners: Canadian independent wealth and alternative investment firm with advisor distribution and alternative product capabilities. Comparable in Canadian distribution and alternative orientation, with overlap in flow-through and resource products.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/NextEdgeCapital
• LinkedInlinkedin.com/company/next-edge-capital-corporation

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries2 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Next Edge Capital