Nicola Private Equity (PE) Limited Partnership has raised over $500 million in accumulated fundraising since its inception in 2012.
Bulk of the capital (67%) was raised in the last three years.
Nicola PE seeks long-term capital growth by investing in a diversified portfolio consisting of Limited Partnerships managed mainly by Private Equity managers as well as Mezzanine Debt managers, in addition to direct investments in private companies.
In May 2021, Nicola PE participated in Vendasta Technologies Inc.’s $119.5 million financing led by Lugard Road Capital with participation of Canadian Business Growth Fund (CBGF), Vanedge Capital and BDC Capital. The growth round of financing followed the withdrawal of Vendasta’s proposed initial public offering (IPO).
As of September 30, 2021, Nicola PE reported total assets of $659.5 million. The fund reported 9.3% return since inception.
Nicola PE and along recently formed Nicola VC form part of Nicola Wealth Management’s Private Capital investment strategy which also include private debt, renewable and infrastructure investment vehicles.
Vancouver based Nicola Wealth Management manages $11 billion in assets, operates with nearly 400 staff in five offices (Vancouver, Kelowna, Richmond, Toronto and Vaughan), advising institutions and high net worth families.
photo credit: Nicola Wealth Management