Since 2012, the Nicola Wealth Private Equity team has provided patient equity capital to a diverse set of what we see as high-quality private businesses primarily across North America.

Private Equity

Nicola Wealth Private Equity Fund

in co-investments (includes directs, co-leads, etc.) 

Our evergreen fund model means we are a long-term investor with the ability to provide continued capital support to our high-conviction assets.

Long-Term Partner

We employ a variety of investment strategies across both control and minority transactions. We have the flexibility to invest across a wide range of industries and security types, including both structured and traditional equity as well as convertible debt.

Diversified Approach

We strive to meet the pressing timelines of our partners and businesses.  Our lean operating model allows us to quickly execute on transactions.

Entrepreneurial and Agile Approach

What We Bring

<p>Our team has developed a robust network of strong relationships with top-performing and entrepreneurial private equity GPs in North America. We take a flexible approach, partnering with GPs we have confidence in to give companies the time and resources they need to realize on their growth opportunities.</p>
<h3>Opportunities We Consider</h3>
<ul>
<li>Both primary and secondary late-stage minority equity transactions and control co-investment opportunities.</li>
<li>Focus on private equity fund GPs with whom we have prior relationships, but opportunistically participate alongside highly capable, independent sponsors with strong track records.</li>
</ul>
<h3>Target Criteria</h3>
<ul>
<li>Investment size: $15 &ndash; 50M</li>
<li>Enterprise Values ranging from $20M &ndash; $7B</li>
<li>High-margin, historically stable cash flows, low leverage, low capex, low cyclicality, and long-term earnings visibility</li>
<li>Strong stakeholder (sponsor / management / shareholder) alignment</li>
</ul>

Co-Investments

<p><span>We seek to be long-term capital providers for partners with compelling investment strategies and strong track records, in structures outside of traditional closed-end blind pools. Target criteria is similar to co-investments, but over multiple investments over several years.</span></p>

Separate Accounts

<p><span>We believe secondaries are an attractive asset class within private equity, and we seek to allocate a significant piece of fund capital towards these opportunities given the many benefits they present for investors. We are primarily focused on GP-led, single asset transactions with strong transaction rationale, a high degree of GP alignment and attractive economics. We also have, and will, continue to opportunistically acquire LP fund and individual portfolio company interests.</span></p>
<h3>Target Criteria</h3>
<ul>
  <li>Investment size: $25M</li>
  <li>Quality underlying assets with high-margin, historically stable cash flows, low leverage, low cyclicality, and long-term earnings visibility</li>
  <li>Strong stakeholder (sponsor / management / shareholder) alignment</li>
</ul>

Secondaries

<div class="accordion__content open">
  <p>We look to invest as a Limited Partner in private equity funds to provide diversified exposure to private equity assets. We seek to build long-term relationships with fund managers to drive returns and co-investment opportunities.</p>
  <h3>Target Criteria</h3>
  <ul>
    <li>Investment size: $25-50M</li>
    <li>Established and emerging managers with proven performance track records</li>
    <li>Investment thesis supported by strong macro factors</li>
    <li>An edge in sourcing and diligence, with ability to drive unique, proprietary deal flow</li>
    <li>Demonstrable value-add to portfolio companies</li>
    <li>Strong co-investment pipeline with attractive co-investment economics</li>
  </ul>
</div>

Funds

Investment Strategies

Nicola Private Equity Limited Partnership

Our Fund

Q1 2026 | Nicola Private Equity Limited Partnership

Q4 2025 | Nicola Private Equity Limited Partnership

Q3 2025 | Nicola Private Equity Limited Partnership

Q2 2025 | Nicola Private Equity Limited Partnership

Quarterly Reports

Partners

Our Investments

We are a professional and experienced team with a track record of efficient deal-execution across multiple private asset classes. 

Seeking an investment partnership? 

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.

Our Strategies

Private Debt

Infrastructure

Venture Capital

Mortgages

Private Capital Strategies

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The content of this site is intended for U.S. residents. Please note that Nicola Wealth investments funds are generally not offered to U.S. residents at the present time. As such, the contents of this website should not be construed as as an offer of any of Nicola Wealth’s investments funds to U.S. residents. Any information, statement or opinion set forth herein is general in nature, is not directed to or based on the financial situation or needs of any particular investor, and does not constitute, and should not be construed as, investment advice, forecast of future events, a guarantee of future results, or a recommendation with respect to any particular security or investment strategy or type of retirement account. Investors seeking financial advice regarding the appropriateness of investing in any securities or investment strategies should consult their financial professional.

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