Our Strategies
We invest across a company’s capital structure and investment stages, operating complementary investment groups in private equity, venture capital, infrastructure assets, private debt, and real estate debt.
Private Debt
The Nicola Wealth Private Debt team provides an institutional quality private credit portfolio for the clients of Nicola Wealth in an open-ended evergreen fund structure. We take a multi-strategy approach to investing in private credit across direct lending, co-investments, and fund investments. Our experienced direct lending team provides senior, unitranche, and mezzanine debt financing to middle market companies on a bilateral or syndicated basis.
$2.1B
in assets under management (AUM)
$645M
capital deployed (TTM)
10%
in funds
89%
in co-investments (includes directs, co-leads, etc.)
15
fund investments
120
directs/co-investments
Dollars are in Canadian. Stats as of March 31, 2025.
What We Bring
- Long-term PartnersOur evergreen fund model means we can form long term relationships with our borrowers and we are never forced to recycle capital between fund vintages.
- Expertise, Flexibility, and ExecutionOur private debt deal team is experienced in originating, structuring, executing and managing commercial and corporate loans. We work with borrowers to find flexible solutions often unavailable from traditional lenders. An efficient investment process and certainty of execution are at the core of our value proposition.
- Scale and ReputationNicola Wealth was founded in 1994 and manages over $16 billion of assets on behalf of our valued clients. Our wealth management platform provides a historically stable and growing source of capital that allows our fund to invest at scale over the long term.
Work With Us
Our Fund
Performance One-Pager
Nicola Private Debt Fund
Quarterly Reports
Quarterly Report
Q1 2025 | Nicola Private Debt Fund
Quarterly Report
Q4 2024 | Nicola Private Debt Fund
Quarterly Report
Q3 2024 | Nicola Private Debt Fund
Our Partners
Select Current Investments
Refinancing
Senior Credit Facilities
Co-Investor
May 2025
Acquisition Financing
Senior Credit Facilities
Co-Investor
March 2025
Acquisition Financing
Senior Credit Facilities
Co-Investor
January 2025
Acquisition Financing
Incremental Senior Credit Facilities
Lender
January 2025
Acquisition Financing
Senior Credit Facilities
Lender
January 2025
Acquisition Financing
Senior Credit Facilities
Co-Investor
January 2025
Acquisition Financing
Senior Credit Facilities
Co-Investor
December 2024
Acquisition Financing
Senior Credit Facilities
Co-Investor
December 2024
Acquisition Financing
Senior Credit Facilities
Co-Investor
November 2024
Refinancing
Senior Credit Facilities
Co-Investor
September 2024
Refinancing
Senior Credit Facilities
Co-Investor
September 2024
Acquisition Financing
Senior Credit Facilities
Co-Investor
August 2024
Acquisition Financing
Senior Credit Facilities
Co-Investor
July 2024
Acquisition Financing
Senior Credit Facilities
Lender
June 2024
Acquisition Financing
Senior Credit Facilities
Co-Investor
April 2024
Refinancing
Senior Credit Facilities
Co-Investor
March 2024
Acquisition Financing
Senior Credit Facilities
Co-Investor
January 2024
Acquisition Financing
Senior Credit Facilities
Co-Investor
January 2024
Acquisition Financing
Senior Credit Facilities
Co-Investor
January 2024
Refinancing
Senior Credit Facilities
Co-Investor
December 2023
Acquisition Financing
Senior Credit Facilities
Co-Investor
December 2023
Refinancing
Senior Credit Facilities
Co-Investor
November 2023
Refinancing
Senior Credit Facilities
Co-Investor
October 2023
Refinancing
Senior Credit Facilities
Co-Investor
September 2023
Acquisition Financing
Senior Credit Facilities
Co-Investor
September 2023
Acquisition Financing
Senior Credit Facilities
Co-Investor
July 2023
Acquisition Financing
Senior Credit Facilities
Co-Investor
June 2023
Acquisition Refinancing
Senior Credit Facilities
Co-Investor
February 2023
Acquisition Refinancing
Senior Credit Facilities
Co-Investor
December 2022
Acquisiton Refinancing
Incremental Senior Credit Facilities
Co-Investor
December 2022
Acquisition Refinancing
Incremental Senior Credit Facilities
Co-Investor
December 2022
Acquisiton Refinancing
Senior Credit Facilities
Co-Investor
September 2022
Acquisition Financing
Senior Credit Facilities
Co-Investor
July 2022
Acquisition Financing
Senior Credit Facilities
Co-Investor
July 2022
Acquisition Financing
Senior Credit Facilities
Co-Investor
June 2022
Acquisition Financing
Senior Credit Facilities
Co-Investor
May 2022
Acquisition Financing
Senior Credit Facilities
Co-Investor
May 2022
Refinancing
Senior Credit Facilities
Co-Investor
May 2022
Acquisition Financing
Senior Credit Facilities
Co-Investor
February 2022
Acquisition Financing
Senior Credit Facilities
Co-Investor
February 2022
Refinancing
Subordinated Term Loan
Lender
December 2021
Refinancing
Senior Credit Facilities
Co-Investor
December 2021
Refinancing
Holdco Loan
Co-Investor
December 2020
Select Realized Investments
Growth Financing
Subordinated Term Loan
Co-Lead Lender
December 2024
Acquisition Financing
Senior Credit Facilities
Co-Investor
August 2024
Acquisition Financing
Senior Credit Facilities
Co-Investor
July 2024
Acquisition Financing
Incremental Senior Credit Facilities
Co-Investor
April 2024
Acquisition Financing
Incremental Senior Credit Facilities
Participant
January 2024
Acquisition Financing
Senior Credit Facilities
Co-Investor
January 2024
Acquisition Financing
Senior Credit Facilities
Co-Investor
January 2024
Acquisition Financing
Senior Credit Facilities
Lender
December 2023
Acquisition Financing
Senior Credit Facilities
Co-Investor
November 2023
Refinancing
Incremental Senior Credit Facilities
Co-Investor
August 2023
Acquisition Financing
Senior Credit Facilities
Co-Investor
July 2023
Acquisition Financing
Senior Credit Facilities
Co-Lead Lender
July 2023
Refinancing
Senior Credit Facilities
Co-Investor
August 2022
MBO Refinancing
Subordinated Term Loan
Co-Lead Lender
June 2022
Acquisition Financing
Senior Credit Facilities
Co-Investor
July 2021
Meet Our Investment Team
Jurgen van Vuuren
Senior Director & Head, Private Debt
Stacey Mouadeb
Director, Private Debt
Tim Xu
Principal, Private Debt
Eduardo Angus
Senior Associate, Private Debt
Matt Choi
Senior Associate, Private Debt
Casey Koch
Senior Analyst, Private Debt
Ranjodh Gill
Senior Analyst, Private Debt
James Foo
Analyst, Private Debt
Seeking an investment partnership?
We are a professional and experienced team with a track record of efficient deal-execution across multiple private asset classes.
Let's Talk