Fair Capital Partners

What Fair Capital Partners does

Fair Capital Partners Inc., operating as FairCap, is a Vancouver-based private lending firm founded in 2024 by Dan Nanson (CEO and Founding Partner) and Catherine Siu (CIO and Founding Partner), both previously senior credit professionals at MUFG Bank Canada. The firm provides senior secured loans to Canadian middle market companies, with ticket sizes between C$10 million and C$20 million, structured as either term loans or operating lines. Repayment terms are flexible and aligned to borrower cash flows, and the stated use cases are corporate growth financing, mergers and acquisitions support, and refinancing of existing obligations. The firm operates as an alternative investment manager and bespoke solutions provider with a direct, sales-led origination model targeting established mid-sized Canadian businesses underserved by traditional bank lending.

The product set is a financial credit product rather than a technology platform; there is no proprietary software, API, or model disclosed. Underwriting relies on the founders' prior institutional credit experience, including Catherine Siu's management of a diversified C$18 billion credit portfolio at MUFG Bank Canada that grew profit at a 20% CAGR over five years. Disclosed transactions include a US$18.5 million senior secured facility to Finshore (a fintech/insurance buy-now-pay-later provider owned by Apollo), a C$13 million facility to a Canadian power and utility company in the Maritimes (Project Storm), and a C$10 million secured credit facility to Custom Health Holdings in connection with its Toronto Stock Exchange listing in June 2026. Total disclosed lending volume is approximately C$41.5 million across three deals.

The revenue model is interest income on senior secured loans, accruing over multi-year tenures with quote-based pricing tailored to borrower creditworthiness. Pricing is not publicly disclosed. The firm serves only the Canadian market, operates with 1–10 employees from a single Vancouver headquarters at 700-838 W Hastings St., and does not appear to have raised external fund vehicles; its lending capacity is funded directly on balance sheet or via undisclosed financing arrangements.

Name

Fair Capital Partners

Legal name

Fair Capital Partners Inc.

Website

https://faircap.co

Company type

Private

Founded year

2024

Operating status

Operating

Headcount range

1–10 employees

Short description

Fair Capital Partners is a Vancouver-based private lender founded in 2024 that originates C$10–C$20 million senior secured loans and operating lines for Canadian middle market companies pursuing growth financing, M&A support, or refinancing.

Ownership category

akta.pro rank

Product category

Private Credit / Senior Secured Lending

NAICS

Activities Related to Credit Intermediation (5223), Credit Intermediation and Related Activities (522)

SIC

Miscellaneous Business Credit Institution (6159), Short-Term Business Credit Institutions (6153)

akta.pro primary industry

Middle-Market Lending (FSANADAI)

akta.pro secondary industries

Senior Secured Direct Lending (FSANADAA), Private Credit / Direct Lending (FSAAAHAG)

Keywords

• Senior secured lending
• Middle market debt
• Private credit financing
• Corporate term loans
• Growth capital financing

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Interest Income on Senior Secured Loans: Fair Capital Partners generates revenue through interest income on senior secured loans, including both term loans and operating lines. Loans are structured for the Canadian middle market with ticket sizes between $10 million and $20 million. Revenue accrues over the loan tenure with flexible repayment terms aligned to borrower cash flows.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Fair Capital Partners provides senior secured lending to established Canadian middle market companies, offering term loans and operating lines between C$10 million and C$20 million with flexible repayment terms aligned to borrower cash flows. The loans are purpose-built to support corporate growth initiatives, mergers and acquisitions, and refinancing of existing obligations for mid-sized firms underserved by traditional bank lenders.

Product overview

Fair Capital Partners Inc. is a Vancouver-based financial services firm providing innovative debt solutions to the Canadian middle market, specializing in senior secured loans between $10 million and $20 million, including term loans and operating lines with flexible repayment terms aligned to client cash flows. The company supports corporate growth initiatives including mergers and acquisitions and refinancing activities, structuring loans for various sectors including fintech, insurance, and power/utilities companies across Canada. The company operates through two founding partners with backgrounds in banking and capital markets, having provided financing to portfolio companies such as Finshore ($18.5M senior secured loan facility) and Project Storm ($13M to a Canadian Power and Utility company in the Maritimes).

Differentiator

Problem solved

Functional benefit

Products and services

• Senior Secured Term Loans Senior secured term loans between C$10 million and C$20 million offered to established Canadian middle market companies to fund corporate growth, mergers and acquisitions, and refinancing activities, with flexible repayment terms aligned to borrower cash flow.
• Senior Secured Operating Lines Senior secured revolving/operating lines of credit in the C$10 million to C$20 million range, provided to Canadian middle market companies alongside or independently of term loans to support working capital and ongoing operations with cash-flow-aligned repayment flexibility.

Quantifiable outcome

• Managed C$18 billion diversified credit portfolio with 20% CAGR profit growth over 5 years (CIO background at MUFG Bank Canada)

Named customers2 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators3 records

Recent moves4 records

Expansion highlights3 records

Direct peers

• Northleaf Capital Partners: Toronto-based private credit and private equity manager with active middle-market direct lending strategies in Canada. Directly comparable to FairCap in targeting Canadian mid-market senior loans, though at materially larger fund scale.
• Sagard: Canadian alternative asset manager with a dedicated private credit platform making senior secured loans to mid-market companies. Comparable in geography, product (senior secured direct lending), and target borrower profile.
• ONCAP (Onex): Manages Onex Capital and ONCAP private credit strategies focused on Canadian and North American middle-market lending and equity. Comparable sponsor-backed mid-market origination channel.
• Clairvest Group: Toronto-based private equity firm that invests in and alongside Canadian middle-market companies, often through structured equity and debt. Comparable middle-market Canadian origination profile.
• Walter Capital Partners: Canadian private capital firm providing structured debt and equity to mid-market companies. Comparable niche focus on Canadian middle-market borrowers with tailored financing solutions.
• Bridging Finance Inc. Canadian private lender to mid-market borrowers through senior secured and unitranche facilities. Comparable Canadian mid-market senior secured lending focus, although with broader asset classes.

Regional players

• Canoe Financial: Canadian alternative asset manager with private credit and income strategies. Comparable Canadian private credit exposure but operates primarily through pooled funds rather than direct origination.

Broad incumbents

• Investissement Québec: Quebec government-backed development financier providing senior loans and credit facilities to mid-market and growth-stage Canadian companies. Comparable Canadian middle-market senior debt product but with government-backed mission.
• BDC Capital (Business Development Bank of Canada): Canadian crown corporation providing direct lending, venture capital, and growth capital to Canadian SMEs and mid-market companies. Comparable Canadian mid-market senior debt origination footprint.
• MUFG Bank Canada: Canadian subsidiary of MUFG where both founders previously held senior roles managing credit, including a C$18Bn portfolio. Comparable Canadian middle-market and large-cap senior lending capability, though at materially larger scale.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat2 records

Key risks5 records

Key highlights5 records

Customer concentration

• YouTubeyoutube.com/channel/UC4I-TRQbiWfEdDvldAXg5ew
• Facebookfacebook.com/strikingly

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Fair Capital Partners