Suggested:

Private Capital

We invest across a typical company’s capital structure and investment stages, operating complementary investment groups in private equity, venture capital, infrastructure assets, private debt, and real estate debt.

Experienced and forward-thinking partners in building long-term value.

$6.5B
in assets under management (AUM)
$2.0B
capital deployed (TTM)
26%
3-year CAGR, AUM growth
Dollars are in Canadian. Stats as of March 31, 2026.

Historically stable and growing capital

Our flexible investment platform integrates with our wealth management business, which allows us to be nimble and opportunistic. We manage an evergreen fund model that removes the pressure to sell assets prematurely, giving us the ability to manage sudden shifts and extended downturns in market cycles. This ability to recycle realized gains results in a compounding effect, which can contribute to driving continued growth in our asset base.

Our Private Capital funds are managed in-house as a division of Nicola Wealth. The firm’s Private Wealth division maintains strong relationships with affluent families and individuals that have driven historically consistent growth in AUM across the firm and into the Private Capital funds.

Meet Our Team

Broadly Diversified Private Capital Solutions

We invest across a typical company’s capital structure and investment stages, operating complementary investment groups in private equity, venture capital, infrastructure assets, private debt, and real estate debt.

Explore Our Strategies
  • Private EquityOur team provides patient equity capital to a diverse set of private businesses primarily across North America.
  • Private DebtOur team provides an institutional quality private credit portfolio for the clients of Nicola Wealth in an open-ended evergreen fund structure.
  • InfrastructureOur team has made investments in a globally diverse base of physical infrastructure and real assets.
  • Venture CapitalPrimary fund investments, secondaries and co-investments with exposure to growth-oriented companies, primarily in the technology sector .
  • MortgagesOur team has been investing in loans secured by real estate across a range of property types, participating throughout the debt stack.

Long-Term Partners

Our fund vehicles are evergreen in nature. Unlike a traditional closed-end fund with a defined termination date, the evergreen structure gives us flexibility to hold assets and focus on long-term growth, making Nicola Wealth an ideal partner for management teams and sponsors.

We are forward thinking and have a flexible platform that gives us the ability to invest in a wide variety of financing structures. Our aim is to build long-term mutual confidence and work together to develop bespoke financing solutions with our partners.

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Well-Established Partners

Private Capital Insights

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Speak with a member of our Advisory Team to discuss your portfolio and learn how we can help.

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