# Nicola Multi Family Office

Nicola Multi Family Office is a Multi Family Office based in Vancouver, Canada.

## Overview

- **Organization type:** Multi Family Office
- **Headquarters:** Vancouver, Canada
- **Region:** North America
- **Address:** Vancouver, Canada
- **Founded:** 1994
- **Assets under management:** 10044 (Altss estimate)
- **Website:** nicolawealth.com
- **LinkedIn:** https://ca.linkedin.com/company/nicolawealthmanagement

## Regulatory record

- **Reports private funds:** No

## About

John Nicola started the firm from his personal wealth advisory practice in Vancouver. The business expanded after David Sung merged Waterstreet Wealth Management into the platform in 2004. Christopher Nicola, John’s son, now serves as co-president. The firm allocates across real estate, infrastructure, private equity, private credit and venture. It holds direct positions in multi-family residential assets through Venterra Realty and industrial properties in British Columbia, Ontario, Arizona and Minnesota. Additional holdings include office buildings in Washington state and mixed-use developments in Vancouver. Geographic reach remains limited to North America. Investment stages span Series A through growth equity and buyouts. The platform employs integrated teams that handle portfolio construction alongside tax and estate planning. It maintains the Nicola Wealth Private Giving Foundation as a separate philanthropic vehicle. David Sung holds membership in the BC chapter of YPO. John Nicola received appointment to the Order of Canada in 2018. No material leadership or structural changes have been recorded in the past 24 months. The firm’s structure ties investment decisions directly to the founding family’s operating company, Nicola Wealth, rather than relying on external fund commitments. This creates a single point of governance for both client capital and the firm’s own balance sheet.

## Sectors

- Healthcare Services
- ClimateTech
- Energy Transition & Renewables
- Mobility & Transportation
- Industrial Tech
- PropTech

## People

- John Nicola — Founder, Chairman, and CEO
- David Sung — President
- Christopher Nicola — President

## Questions

### Who runs investment decisions at Nicola Multi Family Office?

John Nicola serves as Founder, Chairman and CEO. David Sung and Christopher Nicola act as co-presidents. Investment choices sit inside the operating company rather than a separate investment committee.

### Does Nicola Multi Family Office participate in fund commitments or only direct deals?

The firm executes direct co-investments, SPVs and real-asset acquisitions. It also maintains fund-of-funds exposure alongside proprietary holdings in infrastructure and private equity.

### What investment stages does Nicola Multi Family Office typically target?

Activity covers Series A through Series C, growth equity, late-stage and buyouts. Real estate and infrastructure deployments occur outside traditional venture stages.

### How is Nicola Multi Family Office related to its philanthropic structures?

The Nicola Wealth Private Giving Foundation operates as a distinct legal entity. It receives separate governance while sharing administrative support with the family office.

### What geographic footprint does Nicola Multi Family Office maintain?

All disclosed investments sit in North America. Real estate holdings span British Columbia, Ontario, Arizona, Minnesota and Washington state.

### Does Nicola Multi Family Office maintain club or professional network ties?

David Sung belongs to the BC chapter of YPO and previously served as president of the Arbutus Club. John Nicola was appointed a Member of the Order of Canada in 2018.

## Related profiles

- [Caprock](https://altss.com/profile/caprock)
- [Family Office at Synovus](https://altss.com/profile/family-office-at-synovus)

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Last updated: 2026-08-10T15:54:10.904Z

Canonical page: https://altss.com/profile/nicola-multi-family-office

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology