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Private Equity Firms in Canada

42 private equity firms are on this list. Of those that report private fund gross assets from a main office in Canada, Brookfield Private Equity is the largest: $47.4 billion through Brookfield Asset Management Pic Adviser (private Equity), L.P. (filed ).

Onex Partners follows with $22.6 billion. The 42 firms counted report $140.6 billion together; the ten largest hold 84% of it, and half report less than $747 million.

Where the $140.6BN sitsThe 42 firms counted, by size. The bar is each size band's share of the combined dollars.
  1. $25BN and over34%1 firm
  2. $10BN to $25BN32%2 firms
  3. $1BN to $5BN30%15 firms
  4. $500MM to $1BN3%6 firms
  5. Under $500MM2%18 firms

Latest Form ADV of each, filed Dec 2025 to Sep 2026. Read ; sources at the end of the page.

Private equity firms listedList of October 2026; 40 are private equity firms and 2 are advisers with private equity funds
42
Combined fund assets42 counted; as filed to Sep 2026
$140.6BN
Largest: Brookfield Private EquityAs filed
$47.4BN
Median firmHalf of the 42 report less
$747MM
Held by the ten largestOf the $140.6BN combined
84%

Brookfield Private Equity, Onex Partners and Dawson Partners lead the Canada private equity firms by fund assets

The ten largest by private fund gross assets on their latest Form ADV. Together they report $118.8BN, 84% of the $140.6BN the 42 counted report.

  1. 1

    Brookfield Private Equity

    Private equity firm, Toronto

    $47.4BNPrivate fund gross assets, Jul 2026

    Regulatory assets
    $73.8BN
    Private funds
    123
  2. 2

    Onex Partners

    Private equity firm, Toronto

    $22.6BNPrivate fund gross assets, Aug 2026

    Regulatory assets
    $22.5BN
    Private funds
    35
  3. 3

    Dawson Partners

    Private equity firm, Toronto

    $22.0BNPrivate fund gross assets, Jun 2026

    Regulatory assets
    $22.1BN
    Private funds
    15
  4. 4

    Novacap

    Private equity firm, Montreal

    $4.7BNPrivate fund gross assets, Mar 2026

    Regulatory assets
    $13.2BN
    Private funds
    28
  5. 5

    Altas Partners

    Private equity firm, Toronto

    $4.6BNPrivate fund gross assets, Mar 2026

    Private funds
    5
  6. 6

    Northleaf Capital Partners

    Private equity firm, Toronto

    $3.9BNPrivate fund gross assets, Jul 2026

    Private funds
    12
  7. 7

    Birch Hill Equity Partners

    Private equity firm, Toronto

    $3.8BNPrivate fund gross assets, Mar 2026

    Private funds
    6
  8. 8

    Oncap Management Partners

    Private equity firm, Toronto

    $3.7BNPrivate fund gross assets, May 2026

    Regulatory assets
    $3.7BN
    Private funds
    17
  9. 9

    Georgian Partners Growth

    Private equity firm, Toronto

    $3.5BNPrivate fund gross assets, Jul 2026

    Private funds
    20
  10. 10

    The Catalyst Capital Group

    Private equity firm, Toronto

    $2.6BNPrivate fund gross assets, Jul 2026

    Regulatory assets
    $2.6BN
    Private funds
    6

Gross assets of the private funds each adviser reported in its latest Form ADV. Each pin opens the filing behind the figure; the ranking rule and sources are at the end of the page. Read .

One firm holds a third of the fund assets

How the 42 firms counted spread by size: most are small, the dollars sit at the top.

Every firm on one scaleEach dot is one firm's private fund gross assets in its latest filing. Filled: advisers whose private funds are mostly private equity; open: advisers with other funds too. Dollar scale is logarithmic.
Fund assets of each of the 42 firms counted, log scaleEach dot is one adviser and links to its row. Brookfield Private Equity $47.4BN; Onex Partners $22.6BN; Dawson Partners $22.0BN; median $747MM.$10MM$100MM$1BN$10BN$100BNBrookfield Private Equity: $47.4BNOnex Partners: $22.6BNDawson Partners: $22.0BNNovacap: $4.7BNAltas Partners: $4.6BNNorthleaf Capital Partners: $3.9BNBirch Hill Equity Partners: $3.8BNOncap Management Partners: $3.7BNGeorgian Partners Growth: $3.5BNThe Catalyst Capital Group: $2.6BNFiera Comox Partners: $2.5BNSagard Holdings Manager: $2.5BNTorquest Partners: $2.3BNARC Financial: $1.9BNKinterra Capital: $1.5BNImperial Capital: $1.5BNInstar Asset Management: $1.5BNFengate: $1.3BNXPV Water Partners: $902MMMontrusco Bolton Investments: $767MMPersistence Capital Partners: $763MMTriWest Capital Partners: $732MMPeloton Capital Management: $559MMClairvest: $501MMPlaza Ventures: $355MMVistara Growth: $341MMLongbow Capital: $236MMSarona Asset Management: $212MMSectoral Asset Management: $210MMIronbridge Equity Partners: $160MMInvesteco Capital: $153MMCarbon Infrastructure Partners: $152MMFulcrum Capital Partners: $133MMAnnapolis Capital: $112MM32 Degrees Capital: $106MMVertu Capital: $103MMEglinton Capital Partners: $83MMClearspring Capital Partners: $65MMEdgestone Partners: $31MMAlphi Capital: $29MMLex Capital Management: $28MMTerranova Partners: $11MMBrookfield Private Equity $47.4BNOnex Partners $22.6BNDawson Partners $22.0BNMedian $747MMFund assets of each of the 42 firms counted, log scaleEach dot is one adviser and links to its row. Brookfield Private Equity $47.4BN; Onex Partners $22.6BN; Dawson Partners $22.0BN; median $747MM.$10MM$1BN$100BNBrookfield Private Equity $47.4BNMedian $747MM

One dot per firm counted. Read .

The 42 firms, by size
Under $500MM182%$2.5BN
$500MM to $1BN63%$4.2BN
$1BN to $5BN1530%$41.9BN
$5BN to $10BN00%$0
$10BN to $25BN232%$44.6BN
$25BN and over134%$47.4BN

Fund assets each reported in its latest filing; shares are of the $140.6BN combined, one row per firm. Read .

34%

of the fund assets reported sits with one firm, Brookfield Private Equity. The five largest hold 72%; 24 of 42 report under $1 billion.

34%Largest38%Next 428%Other 37
Who the 42 are
  1. Private equity firms40
  2. Advisers with private equity funds2

Kind of each, from its own website and filings, checked October 2026.

Where the 42 areThe 6 places with the most firms
  1. Toronto26
  2. Calgary6
  3. Montreal5
  4. Vancouver2
  5. Kitchener1
  6. Oakville1

Main office on each firm's Form ADV.

Leaders beyond the ranking

Figures the main ranking does not compare: most active in private offerings, most private funds.

Most active in private offeringsPrivate offering notices filed to by funds and vehicles named for the firm.
RankNameFigure
1Brookfield Private Equity32 issuers
2Onex Partners11 issuer
3TriWest Capital Partners11 issuer

Counts notices, new and amended, filed by issuers whose name begins with the name; offering amounts are not shown.

Most private fundsPrivate funds each firm advises, on its latest Form ADV (Schedule D).
RankNameFigure
1Brookfield Private Equity123Jul 2026
2Onex Partners35Aug 2026
3Novacap28Mar 2026
4ARC Financial26Mar 2026
5Georgian Partners Growth20Jul 2026
6Plaza Ventures20Mar 2026
7Oncap Management Partners17May 2026
8Sagard Holdings Manager17Apr 2026

The list is public. The warm path is not. Schedule a conversation

All 42 private equity firms

A to Z, with each firm's private fund gross assets, private funds, listed stocks and fund offerings, each with a pin to its filing; firms with no figure show the interests they state on their own sites.

Showing all 42 firms

Kind
Where
Size
Order
Private Equity Firms in Canada 42 firms, A to Z
OfficeFund assetsBarPrivate fundsListed stocksFund offerings
Private equity firm, Calgary.
Detail and sources for 32 Degrees Capital

Form ADV of 32 Degrees Capital Advisor Ltd. (CRD 162483), exempt reporting adviser, filed , main office Calgary, Alberta, Canada: 2 private funds, $106MM gross.

Tied to this row by the CRD the list cites from the filing.

All 2 of its private funds are private equity funds.

Files: SEC Form ADV.

$106MMMar 20262
Private equity firm, Toronto.
Detail and sources for Alphi Capital

Form ADV of Alphi Capital LP (CRD 335349), exempt reporting adviser, filed , main office Toronto, Ontario, Canada: 1 private fund, $29MM gross.

Tied to this row by the CRD the list cites from the filing.

Its one private fund is a private equity fund.

Files: SEC Form ADV.

$29MMApr 20261
Private equity firm, Toronto.
Detail and sources for Altas Partners

Form ADV of Aph III GP LP (CRD 325842), exempt reporting adviser, filed , main office Toronto, On, Canada: 5 private funds, $4.6BN gross.

Tied to this row by the CRD the list cites from the filing.

A second adviser lists the same website on its Form ADV: Altas Corporation (CRD 310909), filed , main office Toronto, Ontario, Canada: private funds $4.4BN gross. Shown here only, never ranked or summed.

A second adviser lists the same website on its Form ADV: Aevf GP LP (CRD 335652), filed , main office Toronto, Ontario, Canada: private funds $1.4BN gross. Shown here only, never ranked or summed.

A second adviser lists the same website on its Form ADV: Aph I GP LP (CRD 330162), filed , main office Toronto, Ontario, Canada: private funds $1.3BN gross. Shown here only, never ranked or summed.

All 5 of its private funds are private equity funds.

Files: SEC Form ADV.

$4.6BNMar 20265
Private equity firm, Calgary.
Detail and sources for Annapolis Capital

Form ADV of Annapolis Capital Limited (CRD 162605), exempt reporting adviser, filed , main office Calgary, Canada: 1 private fund, $112MM gross.

Tied to this row by the CRD the list cites from the filing.

Its one private fund is a private equity fund.

Files: SEC Form ADV.

$112MMMar 20261
Private equity firm, Calgary.
Detail and sources for ARC Financial

Form ADV of ARC Financial Corp (CRD 162336), exempt reporting adviser, filed , main office Calgary, Alberta, Canada: 26 private funds, $1.9BN gross.

Tied to this row by the CRD the list cites from the filing.

All 26 of its private funds are private equity funds.

Files: SEC Form ADV.

$1.9BNMar 202626
Private equity firm, Toronto.
Detail and sources for Birch Hill Equity Partners

Form ADV of Birch Hill Equity Partners Management Inc. (CRD 163193), exempt reporting adviser, filed , main office Toronto, Canada: 6 private funds, $3.8BN gross.

Tied to this row by the CRD the list cites from the filing.

All 6 of its private funds are private equity funds.

Files: SEC Form ADV.

$3.8BNMar 20266
Private equity firm, Toronto.
Detail and sources for Brookfield Private Equity

Form ADV of Brookfield Asset Management Pic Adviser (private Equity), L.P. (CRD 171207), SEC registered adviser, filed , main office Toronto, Ontario, Canada: regulatory assets $73.8BN; 123 private funds, $47.4BN gross; 1,402 employees.

Tied to this row by the CRD the list cites from the filing.

A second adviser lists the same website on its Form ADV: Brookfield Asset Management Pic Canada, LP (CRD 151605), filed , main office Toronto, Ontario, Canada: regulatory assets $152.1BN. Shown here only, never ranked or summed.

A second adviser lists the same website on its Form ADV: Bam Credit and Insurance Solutions Advisor LLC (CRD 312792), filed , main office New York, NY: regulatory assets $107.3BN. Shown here only, never ranked or summed.

A second adviser lists the same website on its Form ADV: Brookfield Asset Management Pic Us, LLC (CRD 151599), filed , main office New York, NY: regulatory assets $105.3BN. Shown here only, never ranked or summed.

Files a 13F notice (quarter ended , filed ): its holdings are reported on another manager's 13F.

3 private offering notices since October 2024 by 2 funds and vehicles named for the firm, latest by Brookfield Private Equity TE Feeder Fund LP, as the notice names it.

All 123 of its private funds are private equity funds.

Files: SEC Form ADV, SEC Form 13F, Form D notices of funds named for it.

$47.4BNJul 20261233
Private equity firm, Calgary.
Detail and sources for Carbon Infrastructure Partners

Form ADV of Carbon Infrastructure Partners Corp. (CRD 159707), exempt reporting adviser, filed , main office Calgary, Alberta, Canada: 7 private funds, $152MM gross.

Tied to this row by the CRD the list cites from the filing.

All 7 of its private funds are private equity funds.

Files: SEC Form ADV.

$152MMMar 20267
Private equity firm, Toronto.
Detail and sources for The Catalyst Capital Group

Form ADV of The Catalyst Capital Group Inc. (CRD 155299), SEC registered adviser, filed , main office Toronto, Canada: regulatory assets $2.6BN; 6 private funds, $2.6BN gross; 16 employees.

Tied to this row by the CRD the list cites from the filing.

All 6 of its private funds are private equity funds.

Files: SEC Form ADV.

$2.6BNJul 20266
Private equity firm, Toronto.
Detail and sources for Clairvest

Form ADV of Clairvest GP Manageco Inc. (CRD 162568), exempt reporting adviser, filed , main office Toronto, Ontario, Canada: 6 private funds, $501MM gross.

Tied to this row by the CRD the list cites from the filing.

All 6 of its private funds are private equity funds.

Files: SEC Form ADV.

$501MMJun 20266
Private equity firm, Toronto.
Detail and sources for Clearspring Capital Partners

Form ADV of Clearspring Management Inc. (CRD 162644), exempt reporting adviser, filed , main office Toronto, Canada: 2 private funds, $65MM gross.

Tied to this row by the CRD the list cites from the filing.

All 2 of its private funds are private equity funds.

Files: SEC Form ADV.

$65MMMar 20262
Private equity firm, Toronto.
Detail and sources for Dawson Partners

Form ADV of Dawson Partners Inc. (CRD 281728), SEC registered adviser, filed , main office Toronto, Canada: regulatory assets $22.1BN; 15 private funds, $22.0BN gross; 231 employees.

Tied to this row by the CRD the list cites from the filing.

Possible match by name only, not counted: Dawson Partners (US) Inc. (CRD 339430), registered adviser, filed , New York, NY.

All 15 of its private funds are private equity funds.

Files: SEC Form ADV.

$22.0BNJun 202615
Private equity firm, Toronto.
Detail and sources for Edgestone Partners

Form ADV of Edgestone Partners, Inc. (CRD 281846), exempt reporting adviser, filed , main office Toronto, Canada: 2 private funds, $31MM gross.

Tied to this row by the CRD the list cites from the filing.

All 2 of its private funds are private equity funds.

Files: SEC Form ADV.

$31MMApr 20262
Adviser with private equity funds, Toronto.
Detail and sources for Eglinton Capital Partners

Form ADV of Eglinton Capital Partners Inc. (CRD 323418), exempt reporting adviser, filed , main office Toronto, Canada: 10 private funds, $83MM gross.

Tied to this row by the CRD the list cites from the filing.

2 of its 10 private funds are private equity funds.

Files: SEC Form ADV.

$83MMApr 202610
Private equity firm, Oakville.
Detail and sources for Fengate

Form ADV of Fengate Capital Management Ltd. (CRD 297333), exempt reporting adviser, filed , main office Oakville, Canada: 10 private funds, $1.3BN gross.

Tied to this row by the CRD the list cites from the filing.

All 10 of its private funds are private equity funds.

Files: SEC Form ADV.

$1.3BNMar 202610
Private equity firm, Montreal.
Detail and sources for Fiera Comox Partners

Form ADV of Fiera Comox Partners Inc. (CRD 323679), SEC registered adviser, filed , main office Montreal, Quebec, Canada: regulatory assets $3.4BN; 4 private funds, $2.5BN gross; 50 employees.

Tied to this row by the CRD the list cites from the filing.

3 of its 4 private funds are private equity funds.

Files: SEC Form ADV.

$2.5BNMar 20264
Private equity firm, Vancouver.
Detail and sources for Fulcrum Capital Partners

Form ADV of Fulcrum Capital Partners Inc. (CRD 320927), exempt reporting adviser, filed , main office Vancouver, Bc, Canada: 3 private funds, $133MM gross.

Tied to this row by the CRD the list cites from the filing.

All 3 of its private funds are private equity funds.

Files: SEC Form ADV.

$133MMMar 20263
Private equity firm, Toronto.
Detail and sources for Georgian Partners Growth

Form ADV of Georgian Partners Growth L.P. (CRD 283132), exempt reporting adviser, filed , main office Toronto, Ontario, Canada: 20 private funds, $3.5BN gross.

Tied to this row by the CRD the list cites from the filing.

15 of its 20 private funds are private equity funds.

Files: SEC Form ADV.

$3.5BNJul 202620
Private equity firm, Toronto.
Detail and sources for Imperial Capital

Form ADV of Imperial Capital Limited (CRD 316569), exempt reporting adviser, filed , main office Toronto, Ont, Canada: 7 private funds, $1.5BN gross.

Tied to this row by the CRD the list cites from the filing.

All 7 of its private funds are private equity funds.

Files: SEC Form ADV.

$1.5BNMar 20267
Private equity firm, Toronto.
Detail and sources for Instar Asset Management

Form ADV of Instar Asset Management Inc. (CRD 175395), exempt reporting adviser, filed , main office Toronto, On, Canada: 10 private funds, $1.5BN gross.

Tied to this row by the CRD the list cites from the filing.

All 10 of its private funds are private equity funds.

Files: SEC Form ADV.

$1.5BNMar 202610
Private equity firm, Toronto.
Detail and sources for Investeco Capital

Form ADV of Investeco Capital Corp. (CRD 282721), exempt reporting adviser, filed , main office Toronto, Canada: 6 private funds, $153MM gross.

Tied to this row by the CRD the list cites from the filing.

All 6 of its private funds are private equity funds.

Files: SEC Form ADV.

$153MMFeb 20266
Private equity firm, Toronto.
Detail and sources for Ironbridge Equity Partners

Form ADV of Ironbridge Equity Partners Management Iv Limited (CRD 319536), exempt reporting adviser, filed , main office Toronto, Canada: 1 private fund, $160MM gross.

Tied to this row by the CRD the list cites from the filing.

A second adviser lists the same website on its Form ADV: Ironbridge Equity Partners Management Limited (CRD 169899), filed , main office Toronto, Canada: private funds $151MM gross. Shown here only, never ranked or summed.

Its one private fund is a private equity fund.

Files: SEC Form ADV.

$160MMMar 20261
Private equity firm, Toronto.
Detail and sources for Kinterra Capital

Form ADV of Kinterra Capital Corp. (CRD 321071), exempt reporting adviser, filed , main office Toronto, Ontario, Canada: 2 private funds, $1.5BN gross.

Tied to this row by the CRD the list cites from the filing.

All 2 of its private funds are private equity funds.

Files: SEC Form ADV.

$1.5BNMay 20262
Private equity firm, Regina.
Detail and sources for Lex Capital Management

Form ADV of Lex Capital Management Inc. (CRD 166816), exempt reporting adviser, filed , main office Regina, Canada: 3 private funds, $28MM gross.

Tied to this row by the CRD the list cites from the filing.

All 3 of its private funds are private equity funds.

Files: SEC Form ADV.

$28MMMar 20263
Private equity firm, Calgary.
Detail and sources for Longbow Capital

Form ADV of Longbow Capital Inc. (CRD 328731), exempt reporting adviser, filed , main office Calgary, Canada: 5 private funds, $236MM gross.

Tied to this row by the CRD the list cites from the filing.

All 5 of its private funds are private equity funds.

Files: SEC Form ADV.

$236MMMar 20265
Private equity firm, Montreal.
Detail and sources for Montrusco Bolton Investments

Form ADV of Montrusco Bolton Investments Inc. (CRD 154475), SEC registered adviser, filed , main office Montreal, Quebec, Canada: regulatory assets $12.9BN; 2 private funds, $767MM gross; 68 employees.

Tied to this row by the CRD the list cites from the filing.

Listed stocks, Form 13F-HR of Montrusco Bolton Investments Inc., quarter ended , filed : 80 holdings, $6.5BN.

All 2 of its private funds are private equity funds.

Files: SEC Form ADV, SEC Form 13F.

$767MMMar 20262$6.5BNQ2 2026
Private equity firm, Toronto.
Detail and sources for Northleaf Capital Partners

Form ADV of Northleaf Capital Partners (canada) Ltd. (CRD 327067), exempt reporting adviser, filed , main office Toronto, Ontario, Canada: 12 private funds, $3.9BN gross.

Tied to this row by the CRD the list cites from the filing.

A second adviser lists the same website on its Form ADV: Northleaf Capital Advisors Ltd. (CRD 145014), filed , main office Toronto, Ontario, Canada: regulatory assets $585MM. Shown here only, never ranked or summed.

7 of its 12 private funds are private equity funds.

Files: SEC Form ADV.

$3.9BNJul 202612
Private equity firm, Montreal.
Detail and sources for Novacap

Form ADV of Novacap Management Inc. (CRD 290100), SEC registered adviser, filed , main office Brossard, Quebec, Canada: regulatory assets $13.2BN; 28 private funds, $4.7BN gross; 112 employees.

Tied to this row by the CRD the list cites from the filing.

A second adviser lists the same website on its Form ADV: Novacap Management Us Inc. (CRD 327243), filed , main office Brossard, Quebec, Canada: regulatory assets $11.6BN. Shown here only, never ranked or summed.

A second adviser lists the same website on its Form ADV: Novacap Management Financial Services Inc. (CRD 327205), filed , main office Brossard, Quebec, Canada: regulatory assets $835MM. Shown here only, never ranked or summed.

All 28 of its private funds are private equity funds.

Files: SEC Form ADV.

$4.7BNMar 202628
Private equity firm, Toronto.
Detail and sources for Oncap Management Partners

Form ADV of Oncap Management Partners L.P. (CRD 161167), SEC registered adviser, filed , main office Toronto, Canada: regulatory assets $3.7BN; 17 private funds, $3.7BN gross; 174 employees.

Tied to this row by the CRD the list cites from the filing.

All 17 of its private funds are private equity funds.

Files: SEC Form ADV.

$3.7BNMay 202617
Private equity firm, Toronto.
Detail and sources for Onex Partners

Form ADV of Onex Partners Manager LP (CRD 160923), SEC registered adviser, filed , main office Toronto, Canada: regulatory assets $22.5BN; 35 private funds, $22.6BN gross; 180 employees.

Tied to this row by the CRD the list cites from the filing.

A second adviser lists the same website on its Form ADV: Onex Credit Partners, LLC (CRD 138941), filed , main office Englewood Cliffs, NJ: regulatory assets $30.1BN. Shown here only, never ranked or summed.

A second adviser lists the same website on its Form ADV: Onex Credit Advisor, LLC (CRD 330076), filed , main office Englewood Cliffs, NJ: regulatory assets $418MM. Shown here only, never ranked or summed.

1 private offering notice since October 2024 by 1 fund or vehicle named for the firm, latest by Onex Partners Co-Investment Fund LP, as the notice names it.

All 35 of its private funds are private equity funds.

Files: SEC Form ADV, Form D notices of funds named for it.

$22.6BNAug 2026351
Adviser with private equity funds, Toronto.
Detail and sources for Peloton Capital Management

Form ADV of Peloton Capital Management Inc. (CRD 323826), exempt reporting adviser, filed , main office Toronto, Ontario, Canada: 7 private funds, $559MM gross.

Tied to this row by the CRD the list cites from the filing.

Possible match by name only, not counted: Peloton Capital Management (CRD 109775), registered adviser, filed , Indianapolis, IN.

3 of its 7 private funds are private equity funds.

Files: SEC Form ADV.

$559MMMar 20267
Private equity firm, Montreal.
Detail and sources for Persistence Capital Partners

Form ADV of PCP GP Inc. (CRD 314586), exempt reporting adviser, filed , main office Westmount, Quebec, Canada: 10 private funds, $763MM gross.

Tied to this row by the CRD the list cites from the filing.

All 10 of its private funds are private equity funds.

Files: SEC Form ADV.

$763MMMar 202610
Private equity firm, Toronto.
Detail and sources for Plaza Ventures

Form ADV of PV Management Inc. (CRD 321202), exempt reporting adviser, filed , main office Toronto, On, Canada: 20 private funds, $355MM gross.

Tied to this row by the CRD the list cites from the filing.

All 20 of its private funds are private equity funds.

Files: SEC Form ADV.

$355MMMar 202620
Private equity firm, Toronto.
Detail and sources for Sagard Holdings Manager

Form ADV of Sagard Holdings Manager LP (CRD 304924), SEC registered adviser, filed , main office Toronto, Ontario, Canada: regulatory assets $8.6BN; 17 private funds, $2.5BN gross; 220 employees.

Tied to this row by the CRD the list cites from the filing.

A second adviser lists the same website on its Form ADV: Performance Equity Management, LLC (CRD 110207), filed , main office Greenwich, CT: regulatory assets $9.4BN. Shown here only, never ranked or summed.

A second adviser lists the same website on its Form ADV: Sagard Sas (CRD 162504), filed , main office Paris, France: private funds $2.7BN gross. Shown here only, never ranked or summed.

A second adviser lists the same website on its Form ADV: Sagard Holdings Manager (US) LLC (CRD 322374), filed , main office New York City, NY: regulatory assets $1.4BN. Shown here only, never ranked or summed.

15 of its 17 private funds are private equity funds.

Files: SEC Form ADV.

$2.5BNApr 202617
Private equity firm, Kitchener.
Detail and sources for Sarona Asset Management

Form ADV of Sarona Asset Management Inc. (CRD 160963), SEC registered adviser, filed , main office Kitchener, Canada: regulatory assets $339MM; 3 private funds, $212MM gross; 29 employees.

Tied to this row by the CRD the list cites from the filing.

All 3 of its private funds are private equity funds.

Files: SEC Form ADV.

$212MMSep 20263
Private equity firm, Montreal.
Detail and sources for Sectoral Asset Management

Form ADV of Sectoral Asset Management Inc. (CRD 110345), SEC registered adviser, filed , main office Montreal, Quebec, Canada: regulatory assets $331MM; 3 private funds, $210MM gross; 20 employees.

Tied to this row by the CRD the list cites from the filing.

Listed stocks, Form 13F-HR of Sectoral Asset Management Inc., quarter ended , filed : 82 holdings, $143MM.

All 3 of its private funds are private equity funds.

Files: SEC Form ADV, SEC Form 13F.

$210MMMay 20263$143MMQ2 2026
Private equity firm, Toronto.
Detail and sources for Terranova Partners

Form ADV of Cpep Manager Inc. (CRD 342800), exempt reporting adviser, filed , main office Toronto, Canada: 2 private funds, $11MM gross.

Tied to this row by the CRD the list cites from the filing.

All 2 of its private funds are private equity funds.

Files: SEC Form ADV.

$11MMSep 20262
Private equity firm, Toronto.
Detail and sources for Torquest Partners

Form ADV of Torquest Management Services Limited Partnership (CRD 163434), exempt reporting adviser, filed , main office Toronto, Canada: 7 private funds, $2.3BN gross.

Tied to this row by the CRD the list cites from the filing.

All 7 of its private funds are private equity funds.

Files: SEC Form ADV.

$2.3BNMar 20267
Private equity firm, Calgary.
Detail and sources for TriWest Capital Partners

Form ADV of TriWest Capital Partners Management Inc. (CRD 312489), exempt reporting adviser, filed , main office Calgary, Alberta, Canada: 8 private funds, $732MM gross.

Tied to this row by the CRD the list cites from the filing.

1 private offering notice since October 2024 by 1 fund or vehicle named for the firm, latest by Triwest Capital Partners VI (US), LP, as the notice names it.

All 8 of its private funds are private equity funds.

Files: SEC Form ADV, Form D notices of funds named for it.

$732MMMar 202681
Private equity firm, Toronto.
Detail and sources for Vertu Capital

Form ADV of Vertu Ventures Inc. (CRD 322369), exempt reporting adviser, filed , main office Toronto, Ontario, Canada: 2 private funds, $103MM gross.

Tied to this row by the CRD the list cites from the filing.

All 2 of its private funds are private equity funds.

Files: SEC Form ADV.

$103MMDec 20252
Private equity firm, Vancouver.
Detail and sources for Vistara Growth

Form ADV of Vistara Capital Partners Ltd. (CRD 338217), exempt reporting adviser, filed , main office Vancouver, Bc, Canada: 1 private fund, $341MM gross.

Tied to this row by the CRD the list cites from the filing.

Its one private fund is a private equity fund.

Files: SEC Form ADV.

$341MMAug 20261
Private equity firm, Toronto.
Detail and sources for XPV Water Partners

Form ADV of XPV Water Partners Inc. (CRD 165503), exempt reporting adviser, filed , main office Toronto, Canada: 6 private funds, $902MM gross.

Tied to this row by the CRD the list cites from the filing.

5 of its 6 private funds are private equity funds.

Files: SEC Form ADV.

$902MMMar 20266

Fund assets are the gross assets of the private funds in the adviser's latest Form ADV (solid bar; grey when the firm is not in the totals). Listed stocks are the US listed securities a firm reports each quarter; fund offerings count the private offering notices of funds named for the firm in two years. Each pin opens the filing behind the figure. The square beside a name opens every figure with its filing and notes.

One firm holds a third of the money

Six findings from the filings of the 42 firms counted.

  1. 34%

    of the $140.6 billion the 42 firms counted report is one firm's: Brookfield Private Equity. Without it, the other 41 report $93.2 billion.

    Fund assets, latest Form ADV of each; sums of filed figures

  2. $747MM

    is the median: half of the 42 report less, and 24 report under $1 billion.

    Fund assets, latest Form ADV of each

  3. 463

    private funds are advised by the firms counted; Brookfield Private Equity advises the most, 123.

    Private funds on each Form ADV (Schedule D); sums of filed figures

  4. $6.6BN

    of US listed stocks reported by 2 firms counted for a 2026 quarter; the largest, Montrusco Bolton Investments, reported $6.5 billion.

    Quarterly listed stock reports (Form 13F), 2026

  5. 5

    private offering notices in two years were filed by funds and vehicles named for 3 firms; Brookfield Private Equity leads with 3.

    Private offering notices, to

  6. 26

    of the 42 have their main office in Toronto; the next place is Calgary, with 6.

    Main office on each Form ADV

Questions

How many private equity firms are there in Canada?

This list holds 42 private equity firms in Canada; 42 of them report private fund gross assets on Form ADV, $140.6 billion together.

What are the largest private equity firms in Canada?

By the private fund gross assets they report: Brookfield Private Equity $47.4 billion, Onex Partners $22.6 billion, Dawson Partners $22.0 billion, Novacap $4.7 billion, Altas Partners $4.6 billion.

How much do private equity firms in Canada typically manage?

Of the 42 that report, the median reports $747 million in private fund gross assets; 24 report under $1 billion.

How do you start a relationship with private equity firms in Canada?

Each firm on this page links to its own website, and each figure carries a pin that opens the public filing it comes from. For fund managers and companies raising capital, Praxis Rock runs capital formation programs; see Raise Capital.

Sources and method

Who is listed
42 private equity firms, 40 are private equity firms and 2 are advisers with private equity funds, as researched for this list; no row leaves the list. Private equity firms with their main office in Canada that file Form ADV with the SEC and report at least one private equity fund, placed by the main office on their own filing. Only SEC filers are listed: a firm registered only with a provincial securities commission is not on this list.
Ranking rule
The top 10, every total, share and median, the charts and the answers to the questions use one set: the 42 advisers that report private fund gross assets in their latest SEC Form ADV, with a main office in Canada, that the filing itself ties to the row (the CRD the list cites, or the row's own website in Item 1.I), one figure per adviser. A name match with no such tie is shown in the row's detail only, never ranked or counted.
Our arithmetic
The $140.6BN, the median, shares, charts and boards are sums and medians of filed numbers over that one set; 0 firms with a figure outside it stay listed with the figure and the reason.
Pins
Each figure's pin opens the filing it comes from: the adviser's Form ADV as filed, or the SEC filing index of its 13F report or of the latest private offering notice (Form D). The pin's label names the source and its date.
What we searched
On we searched every firm by its website against the websites advisers list on Form ADV, by the CRD the list cites, by name for Form ADV, and by every CIK found for 13F reports, and searched private offering notices for funds named for it. Of the 42, 42 report on a current Form ADV, 3 file 13F reports (2 for a 2026 quarter with a value), 3 have funds named for them in private offering notices, and 0 more show a possible match by name only in their detail, not counted.
Words
Kinds and interests are each firm's own, from its website. No person names are shown.
Sources and dates
FigureSourcePeriod, read
Assets, private funds, client types, main office, employeesSEC Form ADV adviser data, October 2026 report, and each adviser's Form ADV as filed, 42 advisersFilings to 2026-10-01; read 2026-10-31
Listed stocksSEC EDGAR Form 13F, 3 filersLatest quarter; read 2026-10-31
Private offering notices of funds named for a firmSEC EDGAR full text search, Form D and D/A2024-10-31 to 2026-10-31
Kind, interests and websiteEach firm's own website, as researched for this listChecked 2026-10-31
LogosEach firm's own website; a monogram where none checksRead 2026-10-31

Cite as: Praxis Rock Advisors, "Private Equity Firms in Canada," updated October 31, 2026, praxisrock.com/resources/investors/pe-firms-canada

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