What Stack Capital does

Stack Capital Group Inc. is a Toronto, Canada-domiciled investment holding company listed on the Toronto Stock Exchange under the symbols STCK (common shares) and STCK.WT (warrants). Founded in 2021, the company completed its IPO on the TSX Sandbox in June 2021, raising approximately $107 million (later expanded to ~$110 million via over-allotment exercise), and graduated to full TSX listing status in August 2022. As of Q3 2025, total assets stand at $188.7 million with book value per share of $14.26; 13,183,916 common shares were outstanding as of March 31, 2026.

The company's product is its single listed equity instrument, which provides retail and institutional investors with TSX-liquid exposure to a curated portfolio of growth-to-late-stage private businesses. Investments are sourced and managed exclusively by SC Partners Ltd. and include SpaceX (held indirectly via FNEX Ventures LLC – Series 103), Canva, OpenAI, CoreWeave, Hopper, Varo Money, Bolt Financial, Newfront Insurance, Omio, Prove Identity, Locus Robotics, and X-energy. The company has no proprietary technology platform, no AI/ML capabilities of its own, and operates with 1-10 employees.

Stack Capital monetizes through fair-value appreciation of its portfolio investments rather than fees or operating revenue, conducting quarterly revaluations with third-party audit oversight (MNP LLP). Capital is raised through periodic best-efforts private placements led by Canaccord Genuity Corp. and, historically, by TD Securities, RBC Capital Markets, and Scotiabank for the IPO. The company filed a Normal Course Issuer Bid in December 2025 to repurchase up to 1,095,780 shares. Distribution occurs exclusively through the TSX and SEDAR regulatory filings, with investor relations supported by BNN Bloomberg appearances, podcast features, and Financial Post coverage.

Name

Stack Capital

Legal name

Stack Capital Group Inc.

Website

https://stackcapitalgroup.com

Company type

Public

Founded year

2021

Operating status

Operating

Headcount range

1–10 employees

Short description

Stack Capital Group Inc. is a Toronto-based publicly traded investment holding company (TSX:STCK) that gives retail investors TSX-listed exposure to a diversified portfolio of late-stage private companies including SpaceX, OpenAI, Canva, and CoreWeave, managed externally by SC Partners Ltd.

Ownership category

akta.pro rank

Product category

Private Equity Investment Holding

NAICS

Funds, Trusts, and Other Financial Vehicles (525), All Other Financial Investment Activities (52399), Other Financial Vehicles (525990)

SIC

Investors, Nec (6799), Finance Services (6199)

akta.pro primary industry

Sector-Focused Venture Capital (Vertical Specialists) (FSANAAAD)

Keywords

• Private equity investing
• Pre-IPO investments
• Investment holding company
• Public market private equity
• Diversified portfolio investments

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Others

Revenue model

1. Investment Returns: Stack Capital generates returns through appreciation in the fair value of its portfolio company investments, including SpaceX, Canva, OpenAI, CoreWeave, Hopper, and others. The company conducts quarterly fair value revaluations with third-party audit oversight.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels7 records

Core offering

Stack Capital Group Inc. is a publicly traded investment holding company (TSX:STCK) that provides retail and accredited investors with access to a diversified portfolio of growth-to-late-stage pre-IPO private companies such as SpaceX, Canva, OpenAI, CoreWeave, and Hopper. Capital is raised through IPO and follow-on private placements, then deployed into equity, debt, and other securities of private businesses, with SC Partners Ltd. acting as exclusive manager to source and advise on investments.

Product overview

Stack Capital Group Inc. is a single investment holding company structure listed on the Toronto Stock Exchange under the symbol STCK. The company does not operate a multi-product platform; rather, it is a unified investment vehicle designed to democratize access to private equity by providing public market liquidity through its TSX listing. Shareholders gain exposure to a diversified portfolio of pre-IPO companies including SpaceX, Canva, OpenAI, CoreWeave, Hopper, and others through a single publicly traded security. The company raises capital through private placements and deploys it into equity, debt, and other securities of growth-to-late-stage private businesses, with investments managed by SC Partners Ltd.

Differentiator

Problem solved

Functional benefit

Products and services

• TSX:STCK Common Shares Publicly traded common shares of Stack Capital Group Inc. on the Toronto Stock Exchange providing retail and accredited investors with liquid exposure to a diversified portfolio of growth-to-late-stage pre-IPO private companies managed by SC Partners Ltd.
• STCK.WT Common Share Purchase Warrants Listed warrants (STCK.WT and series WT.A, WT.B, WT.C) exercisable into Stack Capital common shares, providing investors with additional upside exposure to the company's underlying private equity portfolio.

Quantifiable outcome

• Book Value per Share of $14.26 as of Q3 2025, with total assets of $188.7 million
• +1 more outcomes

Named customers3 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• MNP LLPcoreOthersIndependent auditor for Stack Capital Group Inc.
• Fogler, Rubinoff LLPcoreOthersLegal counsel for Stack Capital Group Inc.

Scale indicators11 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Hamilton Lane: Hamilton Lane (NASDAQ:HLNE) is a publicly-traded private markets investment firm that aggregates and manages LP/GP exposure across private equity, credit, and real assets. Comparable to Stack Capital because both provide public-market investors with diversified access to private equity opportunities, though Hamilton Lane is far larger and operates a multi-strategy model vs. Stack Capital's concentrated late-stage approach.
• StepStone Group: StepStone Group (NASDAQ:STEP) is a publicly-traded private markets investment firm focused on private equity, real assets, and private credit solutions for institutional and qualified investors. Comparable to Stack Capital because both are listed vehicles providing investors with curated access to private-market opportunities, with StepStone operating at materially greater scale and via fund-of-funds rather than direct positions.
• Patria Investments: Patria Investments (NASDAQ:PAX) is a publicly-traded alternative asset manager focused on private equity, infrastructure, credit, and agribusiness in Latin America. Comparable to Stack Capital as a listed investment vehicle aggregating access to private equity opportunities, though Patria is region-focused and operates at larger scale with multiple fund strategies.
• Investcorp Capital Management: Investcorp is a publicly-traded (on Bahrain BSE) global investment manager specializing in private equity, real estate, and absolute return strategies. Comparable to Stack Capital as a publicly-listed alternative investment vehicle providing curated exposure to private-market opportunities, though Investcorp operates multiple strategies and is decades older than Stack Capital.

Broad incumbents

• Onex Corporation: Onex Corporation (TSX:ONEX) is a large publicly-traded Canadian private equity firm that acquires and manages businesses across multiple sectors. Comparable to Stack Capital as a TSX-listed PE-focused investment vehicle based in Toronto, though Onex operates a traditional buyout strategy at far greater scale versus Stack Capital's late-stage minority investment approach.
• Bridge Investment Group: Bridge Investment Group (NYSE:BRDG) is a publicly-traded vertically integrated real-estate-focused private markets investment manager. Comparable to Stack Capital as a publicly-listed investment firm providing investors with access to private-market strategies, though Bridge is sector-concentrated in real estate while Stack Capital is diversified across tech/space/AI sectors.
• TPG Inc. TPG Inc. (NASDAQ:TPG) is a publicly-traded global alternative asset manager with private equity, growth, impact, and real estate strategies. Comparable to Stack Capital as a publicly-listed firm providing access to private equity investments, though TPG operates at vastly larger scale and across multiple fund vintages vs. Stack Capital's single-vehicle late-stage focus.
• Apollo Global Management: Apollo Global Management (NYSE:APO) is a publicly-traded global alternative asset manager with private equity, credit, and real assets strategies. Comparable to Stack Capital as a publicly-listed PE platform, though Apollo is a mega-cap diversified alternatives manager operating at incomparably larger scale.
• Ares Management: Ares Management (NYSE:ARES) is a publicly-traded global alternative investment manager operating across private equity, credit, real estate, and secondary solutions. Comparable to Stack Capital as a publicly-listed private-markets investment manager, though Ares operates at much larger scale across multiple asset classes.

Emerging players

• iCapital Network: iCapital Network is a fintech platform that democratizes access to private market investments (PE, hedge funds, private credit) for advisors and their high-net-worth clients. Comparable to Stack Capital because both target the democratization of private equity access, though iCapital operates a technology platform connecting LPs to multiple GPs rather than a single concentrated investment vehicle.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks3 records

Key highlights6 records

Customer concentration

• Xx.com/stackcapital
• YouTubetwitter.com/stackcapital
• LinkedInlinkedin.com/company/stack-capital-group
• Instagraminstagram.com/stackcapitalgroup

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds3 records

Investors

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

M&A

Investments14 records

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

Frequently asked questions about Stack Capital