BOF Capital Inc.

What BOF Capital Inc. does

BOF Capital Inc. is a Canadian private investment firm founded in 2025 and headquartered at 77 King St. W., Toronto, Ontario. It operates as a sponsored entity of the Black Opportunity Fund (BOF), a community-led registered Canadian charitable organization, and serves as BOF's investment arm to advance economic empowerment for Black Canadians. The firm targets two distinct customer segments through two inaugural funds: the BOF Capital Growth Fund, which deploys $5M-$10M in flexible direct equity into Black-led businesses with EBITDA of $2M-$15M (and additionally invests in other Black-led funds via a fund-to-fund strategy), and the Ourboro-BOF Capital Opportunity Fund, a shared-equity vehicle that covers 5%-15% of the down payment on homes valued between $250,000 and $2,500,000 for Black Canadian homebuyers who qualify for conventional mortgages but lack down payment resources, in exchange for a stake in future appreciation. BOF Capital generates revenue through equity returns on direct investments, management fees and carried interest on fund-to-fund investments, and appreciation-linked equity stakes on home financings.

BOF Capital's distribution model is community-led, relying on direct outreach to Black entrepreneurs for the Growth Fund and partnerships with real estate agents, mortgage professionals, and community organizations for the Opportunity Fund. The Opportunity Fund already operates across four provinces — Ontario, British Columbia, Alberta, and Quebec — covering 11 metropolitan areas including Toronto, Vancouver, Edmonton, Calgary, Ottawa, London, Hamilton, Guelph, Kitchener, Waterloo, and Montreal. The firm is governed by a Board of Directors chaired by Ray Williams (Chair of BOF) and led by CEO Craig Wellington (CEO of both BOF and BOF Capital) and Managing Partner Gajan Kulasingam, a 20-year investment management veteran. The Investment Committee and Board include institutional investors such as Lori Hall-Kimm, Head of Global Private Equity at HOOPP Capital Partners, providing institutional credibility. The firm is non-technological by design; its core competency is capital deployment, deal sourcing, and community trust within the Black Canadian ecosystem.

Name

BOF Capital Inc.

Legal name

BOF Capital Inc.

Website

https://bofcapital.com

Company type

Private

Operating status

Operating

Short description

BOF Capital Inc. is a Toronto-based private investment firm, sponsored by the Black Opportunity Fund, that deploys growth equity into Black-led mid-market businesses and shared-equity down payment capital to Black Canadian homebuyers via two inaugural funds.

Ownership category

akta.pro rank

Product category

Private Equity and Impact Investment Management

NAICS

Other Financial Investment Activities (5239)

SIC

Investment Advice (6282)

akta.pro primary industry

Private Equity Buyout Fund-of-Funds (FSANAGAD)

akta.pro secondary industry

Independent Venture Debt Funds / Platforms (FSANAIAB)

Keywords

• Private equity investment
• Growth capital
• Shared equity financing
• Fund of funds
• Minority-owned business investment

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Growth Fund - Direct Investments: BOF Capital Growth Fund provides $5M to $10M in flexible capital to Black-led businesses with EBITDA of $2M-$15M. The fund takes equity stakes in portfolio companies and generates returns through value creation and eventual exits.
2. Growth Fund - Fund of Funds: The Growth Fund also makes fund investments in Black-led Funds, generating management fees and carried interest from underlying fund investments.
3. Opportunity Fund - Shared Equity Model: The Ourboro BOF Capital Opportunity Fund acquires an equity stake in the home's future appreciation in exchange for covering a percentage of the down payment (5%-15%). Revenue is generated when the homeowner sells the property or buys out the fund's equity stake.

Go-to-market motion3 records

Distribution channels3 records

Marketing channels3 records

Core offering

BOF Capital Inc. is a Canadian private investment firm that deploys at-risk capital through two inaugural funds. The BOF Capital Growth Fund invests $5M-$10M of flexible equity capital in Black-led mid-market businesses with $2M-$15M EBITDA, as well as fund-of-funds investments in Black-led funds. The Ourboro BOF Capital Opportunity Fund uses a shared equity model to cover a portion (5%-15%) of the down payment for Black Canadian homebuyers who qualify for conventional mortgages, in exchange for an equity stake in the home's future appreciation.

Product overview

BOF Capital Inc. is an investment firm offering two distinct fund products. The BOF Capital Growth Fund provides equity and hybrid capital investments to Black-led businesses seeking growth financing, targeting mid-market companies with EBITDA between $2M-$15M. The Ourboro BOF Capital Opportunity Fund operates a shared equity homeownership model, providing down payment assistance to Black Canadians in exchange for a stake in future home appreciation. Both funds are part of BOF Capital's dual strategy to catalyze wealth creation through entrepreneurship and homeownership for Black communities.

Differentiator

Problem solved

Functional benefit

Brands

• BOF Capital Growth Fund: Provides Patient, Friendly & Strategic capital to accelerate growth of Black-led businesses. The Fund's hybrid strategy allows it to make direct investments in Black-led businesses, as well as Fund investments in Black-led Funds. Target: EBITDA $2 million – $15 million, Investment: $5 million to $10 million.
• Ourboro BOF Capital Opportunity Fund

Products and services

• BOF Capital Growth Fund An investment fund that provides $5M-$10M of patient, friendly, and strategic capital to Black-led mid-market businesses with $2M-$15M EBITDA, using a hybrid strategy of direct equity investments and fund-of-funds investments in Black-led funds. Targets Black-led business owners and operators seeking growth capital without surrendering control.
• Ourboro BOF Capital Opportunity Fund A shared equity fund that covers 5%-15% of the down payment for Black Canadian homebuyers who qualify for conventional mortgage financing but lack sufficient down payment savings, in exchange for an equity stake in the home's future appreciation. Qualifying properties are valued between $250,000 and $2,500,000, served across multiple Canadian cities through partnerships with real estate agents, mortgage professionals, and community organizations.

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 flagship and core.

• Black Opportunity Fund (BOF)flagshipStrategic or Co-development PartnerBOF Capital Inc. is a sponsored entity of Black Opportunity Fund (BOF), a community-led registered Canadian charitable organization. BOF supports a prosperous, healthy, and thriving Black Canada by challenging anti-Black racism. BOF Capital operates as the investment arm to advance BOF's mission of economic empowerment through entrepreneurship and homeownership.
• OurborocoreStrategic or Co-development PartnerOurboro BOF Capital Opportunity Fund is a joint initiative providing shared equity financing to Black Canadian homebuyers. Ourboro brings expertise in the shared equity homeownership model, while BOF Capital provides capital and community connections to Black Canadians facing homeownership barriers.

Scale indicators3 records

Recent moves8 records

Expansion highlights4 records

Broad incumbents

• MaC Venture Capital: US-based seed- and early-stage venture capital firm focused on founders of color (with emphasis on African American founders). Comparable to BOF Capital's Growth Fund mandate of providing equity capital to Black-led companies, though with a venture-stage rather than growth-equity orientation.
• HOOPP Capital Partners: Canadian pension plan investment manager running a multi-strategy alternatives platform led by Head of Global PE Lori Hall-Kimm (who sits on BOF Capital's Board). Relevant as a broader Canadian PE incumbent that BOF Capital partners with via board connections and as a potential LP/co-investor.

Direct peers

• Concrete Rose Capital: Black-led venture capital firm investing in Black, Latinx, and female founders across the US and select international markets. Comparable to BOF Capital's Growth Fund given the overlapping Black-focused thesis and equity investment model.
• New Markets Venture Partners: Black-led growth-equity venture firm investing in rapidly growing businesses owned by underrepresented founders. Highly comparable to BOF Capital's Growth Fund given shared focus on growth-stage capital for underrepresented founders.
• Ourboro: Direct strategic partner on the Ourboro-BOF Capital Opportunity Fund; Canadian shared equity homeownership platform providing co-investment capital to qualified buyers. Comparable because it operates the same shared equity model BOF Capital uses for its Opportunity Fund.
• Keyway: Canadian shared equity homeownership platform that provides co-investment funds toward a home's down payment in exchange for a share of future appreciation. Comparable to BOF Capital's Opportunity Fund on product, geography, and target customer use case.
• addy: Canadian shared equity real estate platform enabling individual investors to co-invest in residential properties. Directly comparable to BOF Capital's Opportunity Fund given the matching shared equity homeownership model and Canadian geography.
• Capoeira Partners: Black-led private equity advisory firm led by Kurankye Sekyi-Otu, who also serves on BOF Capital's Board. Comparable to BOF Capital's Growth Fund given the overlap in Black-focused investment thesis and growth-stage private equity mandate.

Emerging players

• Plexus Ventures: Black and Hispanic-owned alternative asset manager focused on private equity opportunities in diverse-owned businesses. Comparable to BOF Capital's Growth Fund given the focus on diverse-led companies and growth-stage equity investing.
• Capri Holdings Black Freedom Fund: Initiative from Capri Holdings committed to advancing Black-owned businesses through targeted investment. Adjacent to BOF Capital given the shared focus on deploying capital into Black-led enterprises, though operating at a corporate-sponsored rather than community-led mandate.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 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 BOF Capital Inc.