NOVACAP officially launches its new financial services fund
December 03, 2019
Novacap is the first private equity firm in Canada to launch a fund dedicated to financial services.
MONTREAL, December 3, 2019 - Novacap, one of Canada's leading private equity firms, announced the introduction of a new sector fund and its first closing. Novacap Financial Services I (the "Fund") gathered initial commitments of C$260 million, a strong start toward its target of C$500 million. A second group of institutional investors is expected to close in Q1 2020.