Novacap Closes Tech Fund VII at Nearly $3.8 Billion

2026-02-25 - 14:13

MONTREAL & NEW YORK -- Novacap (the “Firm”), a leading North American private equity firm, today announced the final close of Novacap Technologies Fund VII (“Tech VII” or the “Fund”), with nearly US$3.8 billion in capital commitments, including affiliated vehicles. The Fund was raised in under a year, quickly exceeding its target of US$2.75 billion by over $1 billion, highlighting Novacap’s longstanding focus on disciplined, value-added technology buyouts. With the close of Tech VII – the latest fund in Novacap’s Technologies strategy, one of the Firm’s four sector-focused private equity buyout strategies – Novacap now manages more than US$12 billion in assets. Read More