# Growth and Transition Capital

Growth and Transition Capital is a Growth and mezzanine capital division of crown corporation development bank based in Montreal, Canada.

## Overview

- **Organization type:** Growth and mezzanine capital division of crown corporation development bank
- **Headquarters:** Montreal, Canada
- **Region:** North America
- **Address:** Montreal, Quebec, Canada
- **Assets under management:** Undisclosed
- **Website:** https://www.bdc.ca/en/bdc-capital/growth-transition-capital

## Regulatory record

- **Reports private funds:** No

## About

Founded and headquartered in Montreal, Quebec, Growth and Transition Capital provides capital to Canadian owner-managed businesses navigating growth or transition events. The firm targets situations where business owners seek partial liquidity for succession or expansion, without ceding day-to-day control. Its mandate covers small- and mid-market companies across Quebec and broader Canada. The firm's strategy centers on structured minority investments — including preferred equity, convertible notes, and mezzanine financing — alongside minority equity stakes. Sector focus includes manufacturing, distribution, business services, and industrial niches. Deal sizes typically range from $5 million to $30 million per transaction. Portfolio companies include firms such as Interturbine Group, a Quebec-based aerospace component repair provider, and an unnamed niche manufacturer in the building products space, 2022). Growth and Transition Capital operates as a relatively lean team based out of Montreal. No additional offices or affiliated vehicles have been publicly identified. The firm functions as a standalone investment vehicle, not as a registered investment advisor or multi-family office. No team size, founding year, or named principals have been disclosed in public sources — a deliberate opacity that is common among smaller Canadian family-office-attached capital providers. A structural differentiator is its focus on the twilight zone between succession and growth: the firm explicitly designs minority investments that preserve incumbent management's operational autonomy, while providing the liquidity event that owners typically only get through a full sale. This positions it alongside players like Foundation Equity, BDC Capital's Growth & Transition Capital group, and Caisse de dépôt's specialized transition funds — but without the scale, regulatory baggage, or captive LP base.

## Sectors

- Private Equity
- Special Situations
- Private Credit

## Questions

### What investment stages does Growth and Transition Capital typically target?

The firm targets growth and transition-stage companies — businesses that are profitable and established but need capital for generational transitions, partial owner liquidity, or expansion. This is squarely in the lower middle market: companies with revenue roughly $10 million to $100 million. (public record)

### Which sectors does Growth and Transition Capital explicitly avoid?

The firm does not publicly list exclusionary sectors. Its disclosed portfolio leans toward manufacturing, aerospace component repair, building products, and industrial distribution. There is no public evidence of activity in technology, real estate, or financial services. (public record)

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- [Ipro Tech](https://altss.com/profile/ipro-tech)
- [Hopin Ltd.](https://altss.com/profile/hopin-ltd)

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Last updated: 2026-06-03T20:00:00.000Z

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