# Roynat Equity Partners

Roynat Equity Partners is an Asset Manager based in Toronto, Canada.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Toronto, Canada
- **Region:** North America
- **Address:** 40 King Street W, 13th Floor, Toronto, Ontario, Canada
- **Founded:** 1962
- **Assets under management:** Undisclosed
- **Website:** roynat.com
- **LinkedIn:** https://www.linkedin.com/company/roynat-capital

## Regulatory record

- **Reports private funds:** No

## About

Roynat Equity Partners is the equity investment arm of Roynat Capital, a Scotiabank subsidiary. It provides common share equity and related capital solutions for mid-sized Canadian companies. The group focuses on opportunities across Canada, covering sourcing, transaction execution and portfolio oversight.

## Sectors

- Generalist

## Offices

- Calgary, Alberta, Canada
- Edmonton, Alberta, Canada
- Montreal, Quebec, Canada
- Markham, Ontario, Canada
- Oakville, Ontario, Canada
- Winnipeg, Manitoba, Canada

## People

- Alex Ardizzi — Director, Roynat Equity Partners
- Alex Beliaev — Director, Fund of Funds, Roynat Equity Partners
- Andrew Major — Director & National Lead Finance
- Angelo Blais — Director & District Manager
- Aidan McWilliams — District Director

## Questions

### Who runs investment decisions at 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.

### How does Roynat Equity Partners source deal flow?

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.

### Is Roynat Equity Partners structured as a fund or a permanent-capital vehicle?

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.

### Does Roynat participate in fund commitments or only direct deals?

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.

### What investment stages does Roynat Equity Partners typically target?

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.

### Does Roynat Equity Partners invest outside Canada?

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.

### How is Roynat Equity Partners related to Scotiabank?

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.

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- [Roycian](https://altss.com/profile/roycian)
- [RPC Containers Pension Fund](https://altss.com/profile/rpc-containers-pension-fund)

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Last updated: 2026-08-11T15:07:57.118Z

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