Roynat Equity Partners

Alex Ardizzi is the Director of Roynat Equity Partners, covering Ontario and Eastern Canada. Alex Beliaev serves as Director for the fund-of-funds program. Regional directors and Scotiabank commercial bankers source deals, but the equity team underwrites and structures each investment internally.

Origination relies heavily on Scotiabank’s national commercial banking network, augmented by regional directors in six Canadian provinces. The firm is not known to run an external intermediary-marketing effort; its parent-brand website directs potential issuers to territory-based contacts.

It is a wholly owned Scotiabank subsidiary and invests off the bank’s balance sheet. There is no disclosed external fund structure or LP base — this gives it permanent, non-redeemable capital and the ability to hold investments indefinitely.

Both. The fund-of-funds arm, led by Alex Beliaev, allocates to external Canadian private capital managers, while the direct-equity group structures minority and majority positions in operating companies.

The firm’s stated use cases include growth capital, management buyouts, asset acquisitions and shareholder liquidity. Stage terminology is broad, but transaction types skew toward later-stage and mature mid-market companies rather than pure venture.

No. All disclosed director territories — Alberta, Manitoba, Saskatchewan, Ontario, Quebec and the Atlantic provinces — are Canadian, and the marketing language frames the firm exclusively around domestic business lending and equity.

It is a division of Roynat Capital, which is itself a wholly owned subsidiary of the Bank of Nova Scotia (Scotiabank). The equity group shares offices, branding and origination resources with Roynat’s debt-lending and technology-banking units.