Novacap shoots for $650 mln-plus in launch of fifth industries fund
Novacap aims to raise more than $650 million for its fifth mid-market industries fund by expanding its global base of limited partners. The Montréal private equity firm began raising Novacap Industries V in late 2018, Chairman and Managing Partner Jacques Foisy told PE Hub Canada. He expects to see an initial close by the spring and completion later this year. If successful, Fund V would secure 38 percent more in capital than its predecessor, which raised $470 million in 2016. More than $400 million has already been soft-circled for Fund V, primarily from returning investors, Foisy said.
15 February 2019•3 mins read
