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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.

Venture Capital

Nicola Wealth’s Venture Capital team is focused on primary and secondary investments and later-stage co-investments alongside top performing VC fund managers. We prioritize building long-term relationships with a select group of partners in North America. Our approach encompasses a range of strategies and stages, ensuring a well-diversified and robust investment portfolio.

$140M
in assets under management (AUM)
$29M
capital deployed (TTM)
83%
in funds
17%
in co-investments (includes directs, co-leads, secondaries, etc.)
24
fund investments
14
directs/co-investments
Dollars are in Canadian. Stats as of March 31, 2026.

What We Bring

As an entrepreneurial firm with a track record of sustained growth, we are firmly committed to the future growth of all our investment pools, including our Venture Capital platform.

  • Differentiated CapitalOur unique wealth management model and high client retention rate means we are a differentiated and stable capital provider to the venture capital industry.
  • Long-Term Partner As a permanent capital provider and evergreen fund operator, we are a patient, long-term investor committed to steady deployment with our top relationships and the sustained growth of our venture platform.
  • Robust PlatformVenture Capital is one component of our broader private capital platform which includes private debt, mortgages, infrastructure and private equity. The structure is highly synergistic and is set up to enable collaboration across strategies.
  • Entrepreneurial DNAAs a privately owned and fast-growing entrepreneurial firm, we are familiar with speed and change, and look to help partners and founders build enduring businesses.
  • Institutional Execution CapabilitiesOur experienced team and unique structure enables us to act with the rigor and precision of a large institution, ensuring disciplined and efficient investment decision making.

Target Criteria

Our Fund

Performance One-Pager

Nicola Venture Capital Limited Partnership

Quarterly Reports

Quarterly Report

Q1 2026 | Nicola Venture Capital Limited Partnership

Quarterly Report

Q4 2025 | Nicola Venture Capital Limited Partnership

Quarterly Report

Q3 2025 | Nicola Venture Capital Limited Partnership

Quarterly Report

Q2 2025 | Nicola Venture Capital Limited Partnership

Our Advisory Board

Mark Shulgan
Private Capital Investment Committee for Growth & Venture Capital
Advisory Board Member

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