– Novacap announced the final close of Novacap Technologies Fund VII (“Tech VII”) with nearly US$3.8 billion in capital commitments, including affiliated vehicles.
– The Fund exceeded its US$2.75 billion target by over US$1 billion and was raised in under one year.
– With the closing of Tech VII, Novacap now manages more than US$12 billion in assets.
– Tech VII is the latest fund in Novacap’s Technologies strategy, one of the Firm’s four sector-focused private equity buyout strategies.
– Under President and CEO Pascal Tremblay, Novacap has become a leading middle-market technology buyout investor in North America.
– The strategy focuses on profitable, growing North American B2B software and technology-enabled services companies.
– Novacap brings significant expertise in executing cross-border add-on acquisitions to accelerate growth.
– The Firm emphasizes disciplined, value-added buyouts and transformational global acquisitions.
– Tech VII closed above target despite a challenging fundraising environment, reflecting strong global investor confidence.
– Novacap’s TMT VI fund completed its final platform investment with the US$1.9 billion privatization of Integral Ad Science.
– Novacap signed a definitive agreement to sell Eddyfi Technologies for US$1.45 billion.
– Novacap Technologies has completed 29 platform investments and more than 95 add-on acquisitions.
– The firm has achieved 16 full realizations and 2 partial exits across its technology strategy.
– Novacap’s sector specialization complements its other core focus areas: Digital Infrastructure, Financial Services, and Industries.
