# NOVACAP Management Financial Services Inc.

NOVACAP Management Financial Services Inc. is an Asset Manager based in Brossard, Quebec, Canada.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Brossard, Quebec, Canada
- **Region:** North America
- **Address:** Montreal, Quebec, Canada
- **Founded:** 1981
- **Assets under management:** Undisclosed
- **Website:** novacap.com

## Regulatory record

- **CRD number:** 327205
- **SEC file number:** 801-128501
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/327205

## About

NOVACAP MANAGEMENT FINANCIAL SERVICES INC. is an SEC-registered investment adviser in BROSSARD, QUEBEC, registered since 2023. The firm manages approximately $835 million in assets. It has 12 employees and 12 investment advisers.

## Sectors

- Enterprise Software
- Industrial Tech
- Healthcare Services
- Media & Entertainment

## People

- Jacques Foisy — Chairman
- Brian Neysmith — President and Managing Partner

## Questions

### Who runs investment decisions at Novacap?

Investment decisions are decentralized across sector-focused investment committees. Brian Neysmith, as President and Managing Partner, oversees the firm's overall strategy, but each fund family — NVC buyouts, TMT, healthcare, and financial services — has its own dedicated managing partners and committee. Jacques Foisy remains actively involved as Chairman. Board-level final approvals go through the partnership, but sourcing and underwriting authority lies with the vertical teams.

### How does Novacap organize its investment teams?

Novacap operates a house-of-brands model with four autonomous verticals: NVC (industrials and business services buyouts), TMT (technology, media, and telecommunications), Life Sciences, and Financial Services. Each vertical has its own managing partners, deal leads, and investment committee, supported by centralized compliance and finance functions. This avoids key-person concentration and gives LPs sector-specialized diligence.

### What is Novacap's typical check size?

Novacap writes equity checks across two tiers. The core buyout fund targets C$50 million to C$200 million in enterprise value for industrials and business services, while the TMT and healthcare funds operate in overlapping mid-market bands with growth equity and buyout flexibility. For larger acquisitions, the firm can pull from co-investment LP capital or multiple fund vehicles to exceed $100 million equity without going outside the platform. Exact bands shift with each fund vintage.

### How is Novacap different from other Canadian private equity firms?

Unlike single-fund generalists like Birch Hill or TorQuest, Novacap runs four distinct sector strategies under one roof, each with its own investment committee. The platform has executed cross-fund transactions (one Novacap fund buying a platform from another), which few peers can do. Its multi-decade succession plan — with Jacques Foisy still active and Brian Neysmith running day-to-day — provides LP continuity that contrasts with single-GP transitions at competing firms.

## Related profiles

- [Phase Two Ventures](https://altss.com/profile/phase-two-ventures-management-llc)

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

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