Novacap’s fifth tech-buyout fund blows by target, raises $840 mln
Novacap has closed its fifth mid-market technology fund, securing $840 million with the help of an expanded base of limited partners. Novacap TMT V exceeded by 40 percent its original goal of $600 million, the Montréal private equity firm announced today. The fund is more than twice the size of its predecessor, which raised $380 million in 2014. Fund V is the largest raised in Novacap’s 35-year history. Its close brings assets managed by the firm to $2.25 billion.
20 July 2017•2 mins read
