Novacap eyes $600 mln target in launch of fifth tech-buyout fund
Novacap set a $600 million target for its fifth mid-market technology fund, which would be the largest in the private equity firm’s 35-year history. The Montréal investor began fundraising for Novacap TMT V in January, President and Managing Partner Pascal Tremblay told PE Hub Canada. He says he’s feeling “very confident” about meeting the fund’s goal later this year. Closing on $600 million would give Fund V about 58 percent more in committed capital than its predecessor, which raised $380 million in 2014.
13 April 2017•3 mins read
