Novacap closes TMT V Fund at $840 million

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Novacap, one of Canada’s leading private equity firms, today announced it has closed its latest private equity fund, NOVACAP TMT V (the ‘’Fund’’), at its hard cap with total commitments of $840 million. The Fund surpassed its target size by 40 per cent, driven by strong demand from new and existing investors. false false false Investors in TMT V include public and corporate pension funds, insurance companies, endowments, foundations, family offices, and individual investors across Canada, the United States, Europe and Australia. The Fund will invest in a broad spectrum of technology and technology-enabled industries with a focus on software, business and financial services, internet infrastructure, e-commerce, and industry-specific technology solutions in the energy, healthcare and other vertical markets. The Firm expects to make equity investments ranging from $20 million to $100 million in order to support companies with organic growth initiatives and drive strategic acquisitions. TMT V will be led by its partners Pascal Tremblay, Stéphane Tremblay, François Laflamme, Ted Mocarski, Étienne Veilleux and Yong Kwon, and supported by an investment team with extensive experience in the TMT sector. false false false About Novacap Founded in 1981, Novacap is a leading Canadian private equity firm with $2.26 billion of assets under management. The Firm has raised over $2.6 billion in capital since its inception. Novacap’s unique investment approach, based on deep operational expertise and an active partnership with entrepreneurs, has helped accelerate growth and create long-term value for its numerous investee companies. With an experienced management team and substantial financial resources, Novacap is well positioned to continue building world-class companies. For more information, please visit www.novacap.ca.