Private Equity Firms in Toronto
Brookfield Private Equity tops the 26 Toronto advisers on our list that run private equity funds and file Form ADV with the SEC, at $47.4BN in private fund gross assets ().
Next by size are Onex Partners and Dawson Partners; 20 of the 26 file as exempt reporting advisers, and a typical (median) private equity firm here reports $1.5BN.
Updated . Rechecked quarterly; next check .
$10MM$100MM$1BN$10BN$100BN
Toronto advisers by private fund gross assets: a square per firm on a log scale, with the largest named.
From each adviser's own Form ADV, Schedule D (SEC files, ).
The largest Toronto private equity firms on Form ADV by private fund assets
Among the 24 firms whose private funds are mostly private equity, Brookfield Private Equity, Onex Partners and Dawson Partners report $92.0BN between them, 73% of the group's $125.7BN; 14 report $1BN or more.
The 2 advisers that run private equity funds among mostly other kinds are in the full list, not ranked: Eglinton Capital Partners and Peloton Capital Management.
Bars share one scale; a bar too short to see is drawn at a small fixed length. ADV opens the SEC record; a name opens its row below.
Source: SEC Form ADV, Schedule D, filings December 2025 to September 2026.
All 26 private equity firms based in Toronto
Filter
Kind
A to Z, the main office city under each name; Private funds gives the total and how many are PE funds.
| Firm | Fund gross assets | Private funds | Filings | More |
|---|---|---|---|---|
| Alphi CapitalToronto | $29MM | 1, PE | ADV, filed 2026-04-01 | More on Alphi CapitalFiles Form ADV as Alphi Capital LP. Its private funds report $29MM in gross assets on Form ADV (). Its one private fund is a private equity fund. An exempt reporting adviser: it files Form ADV and reports its private funds, but is exempt from SEC registration, so it reports no regulatory assets. |
| Altas PartnersToronto | $4.6BN | 5, all PE | ADV, filed 2026-03-27 | More on Altas PartnersFiles Form ADV as Aph III GP LP. Its private funds report $4.6BN in gross assets on Form ADV (). All 5 of its private funds are private equity funds. A second adviser of the same business, Aph GP LP, files its own Form ADV: $1.1BN in private fund gross assets (), not added. A second adviser of the same business, Altas Corporation, files its own Form ADV: $4.4BN in private fund gross assets (), not added. A second adviser of the same business, Aph I GP LP, files its own Form ADV: $1.3BN in private fund gross assets (), not added. A second adviser of the same business, Aevf GP LP, files its own Form ADV: $1.4BN in private fund gross assets (), not added. An exempt reporting adviser: it files Form ADV and reports its private funds, but is exempt from SEC registration, so it reports no regulatory assets. |
| Birch Hill Equity PartnersToronto | $3.8BN | 6, all PE | ADV, filed 2026-03-17 | More on Birch Hill Equity PartnersFiles Form ADV as Birch Hill Equity Partners Management Inc. Its private funds report $3.8BN in gross assets on Form ADV (). All 6 of its private funds are private equity funds. An exempt reporting adviser: it files Form ADV and reports its private funds, but is exempt from SEC registration, so it reports no regulatory assets. |
| Brookfield Private EquityToronto | $47.4BN | 123, all PE | ADV, filed 2026-07-10 | More on Brookfield Private EquityFiles Form ADV as Brookfield Asset Management PIC Adviser (Private Equity), L.P. Its private funds report $47.4BN in gross assets on Form ADV (). All 123 of its private funds are private equity funds. Regulatory assets on the same filing: $73.8BN (Item 5.F), not ranked. |
| ClairvestToronto | $501MM | 6, all PE | ADV, filed 2026-06-15 | More on ClairvestFiles Form ADV as Clairvest GP Manageco Inc. Its private funds report $501MM in gross assets on Form ADV (). All 6 of its private funds are private equity funds. An exempt reporting adviser: it files Form ADV and reports its private funds, but is exempt from SEC registration, so it reports no regulatory assets. |
| Clearspring Capital PartnersToronto | $65MM | 2, all PE | ADV, filed 2026-03-05 | More on Clearspring Capital PartnersFiles Form ADV as Clearspring Management Inc. Its private funds report $65MM in gross assets on Form ADV (). All 2 of its private funds are private equity funds. An exempt reporting adviser: it files Form ADV and reports its private funds, but is exempt from SEC registration, so it reports no regulatory assets. |
| Dawson PartnersToronto | $22.0BN | 15, all PE | ADV, filed 2026-06-09 | More on Dawson PartnersFiles Form ADV as Dawson Partners Inc. Its private funds report $22.0BN in gross assets on Form ADV (). All 15 of its private funds are private equity funds. Regulatory assets on the same filing: $22.1BN (Item 5.F), not ranked. |
| Edgestone PartnersToronto | $31MM | 2, all PE | ADV, filed 2026-04-30 | More on Edgestone PartnersFiles Form ADV as Edgestone Partners, Inc. Its private funds report $31MM in gross assets on Form ADV (). All 2 of its private funds are private equity funds. An exempt reporting adviser: it files Form ADV and reports its private funds, but is exempt from SEC registration, so it reports no regulatory assets. |
| Eglinton Capital PartnersMixed; Toronto | $83MM | 10 (2 PE) | ADV, filed 2026-04-15 | More on Eglinton Capital PartnersFiles Form ADV as Eglinton Capital Partners Inc. Its private funds report $83MM in gross assets on Form ADV (). Of its 10 private funds, 2 are private equity funds; the others: 8 venture capital. An exempt reporting adviser: it files Form ADV and reports its private funds, but is exempt from SEC registration, so it reports no regulatory assets. |
| Georgian Partners GrowthToronto | $3.5BN | 20 (15 PE) | ADV, filed 2026-07-28 | More on Georgian Partners GrowthFiles Form ADV as Georgian Partners Growth L.P. Its private funds report $3.5BN in gross assets on Form ADV (). Of its 20 private funds, 15 are private equity funds; the others: 5 venture capital. An exempt reporting adviser: it files Form ADV and reports its private funds, but is exempt from SEC registration, so it reports no regulatory assets. |
| Imperial CapitalToronto | $1.5BN | 7, all PE | ADV, filed 2026-03-05 | More on Imperial CapitalFiles Form ADV as Imperial Capital Limited. Its private funds report $1.5BN in gross assets on Form ADV (). All 7 of its private funds are private equity funds. An exempt reporting adviser: it files Form ADV and reports its private funds, but is exempt from SEC registration, so it reports no regulatory assets. |
| Instar Asset ManagementToronto | $1.5BN | 10, all PE | ADV, filed 2026-03-31 | More on Instar Asset ManagementFiles Form ADV as Instar Asset Management Inc. Its private funds report $1.5BN in gross assets on Form ADV (). All 10 of its private funds are private equity funds. An exempt reporting adviser: it files Form ADV and reports its private funds, but is exempt from SEC registration, so it reports no regulatory assets. |
| Investeco CapitalToronto | $153MM | 6, all PE | ADV, filed 2026-02-17 | More on Investeco CapitalFiles Form ADV as Investeco Capital Corp. Its private funds report $153MM in gross assets on Form ADV (). All 6 of its private funds are private equity funds. An exempt reporting adviser: it files Form ADV and reports its private funds, but is exempt from SEC registration, so it reports no regulatory assets. |
| Ironbridge Equity PartnersToronto | $160MM | 1, PE | ADV, filed 2026-03-23 | More on Ironbridge Equity PartnersFiles Form ADV as Ironbridge Equity Partners Management IV Limited. Its private funds report $160MM in gross assets on Form ADV (). Its one private fund is a private equity fund. A second adviser of the same business, Ironbridge Equity Partners Management Limited, files its own Form ADV: $151MM in private fund gross assets (), not added. An exempt reporting adviser: it files Form ADV and reports its private funds, but is exempt from SEC registration, so it reports no regulatory assets. |
| Kinterra CapitalToronto | $1.5BN | 2, all PE | ADV, filed 2026-05-18 | More on Kinterra CapitalFiles Form ADV as Kinterra Capital Corp. Its private funds report $1.5BN in gross assets on Form ADV (). All 2 of its private funds are private equity funds. An exempt reporting adviser: it files Form ADV and reports its private funds, but is exempt from SEC registration, so it reports no regulatory assets. |
| Northleaf Capital PartnersToronto | $3.9BN | 12 (7 PE) | ADV, filed 2026-07-31 | More on Northleaf Capital PartnersFiles Form ADV as Northleaf Capital Partners (Canada) Ltd. Its private funds report $3.9BN in gross assets on Form ADV (). Of its 12 private funds, 7 are private equity funds; the others: 5 of other kinds. A second adviser of the same business, Northleaf Capital Advisors Ltd., files its own Form ADV: $559MM in private fund gross assets (), not added. An exempt reporting adviser: it files Form ADV and reports its private funds, but is exempt from SEC registration, so it reports no regulatory assets. |
| Oncap Management PartnersToronto | $3.7BN | 17, all PE | ADV, filed 2026-05-15 | More on Oncap Management PartnersFiles Form ADV as Oncap Management Partners L.P. Its private funds report $3.7BN in gross assets on Form ADV (). All 17 of its private funds are private equity funds. Regulatory assets on the same filing: $3.7BN (Item 5.F), not ranked. |
| Onex PartnersToronto | $22.6BN | 35, all PE | ADV, filed 2026-08-27 | More on Onex PartnersFiles Form ADV as Onex Partners Manager LP. Its private funds report $22.6BN in gross assets on Form ADV (). All 35 of its private funds are private equity funds. Regulatory assets on the same filing: $22.5BN (Item 5.F), not ranked. |
| Peloton Capital ManagementMixed; Toronto | $559MM | 7 (3 PE) | ADV, filed 2026-03-30 | More on Peloton Capital ManagementFiles Form ADV as Peloton Capital Management Inc. Its private funds report $559MM in gross assets on Form ADV (). Of its 7 private funds, 3 are private equity funds; the others: 4 of other kinds. An exempt reporting adviser: it files Form ADV and reports its private funds, but is exempt from SEC registration, so it reports no regulatory assets. |
| Plaza VenturesToronto | $355MM | 20, all PE | ADV, filed 2026-03-30 | More on Plaza VenturesFiles Form ADV as PV Management Inc. Its private funds report $355MM in gross assets on Form ADV (). All 20 of its private funds are private equity funds. An exempt reporting adviser: it files Form ADV and reports its private funds, but is exempt from SEC registration, so it reports no regulatory assets. |
| Sagard Holdings ManagerToronto | $2.5BN | 17 (15 PE) | ADV, filed 2026-04-28 | More on Sagard Holdings ManagerOn its own site: “Sagard is a global multi-strategy alternative asset management firm active in venture capital, private equity, private credit, and real estate.” (read ). Files Form ADV as Sagard Holdings Manager LP. Its private funds report $2.5BN in gross assets on Form ADV (). Of its 17 private funds, 15 are private equity funds; the others: 2 venture capital. Regulatory assets on the same filing: $8.6BN (Item 5.F), not ranked. |
| Terranova PartnersToronto | $11MM | 2, all PE | ADV, filed 2026-09-18 | More on Terranova PartnersFiles Form ADV as Cpep Manager Inc. Its private funds report $11MM in gross assets on Form ADV (). All 2 of its private funds are private equity funds. An exempt reporting adviser: it files Form ADV and reports its private funds, but is exempt from SEC registration, so it reports no regulatory assets. |
| The Catalyst Capital GroupToronto | $2.6BN | 6, all PE | ADV, filed 2026-07-24 | More on The Catalyst Capital GroupFiles Form ADV as The Catalyst Capital Group Inc. Its private funds report $2.6BN in gross assets on Form ADV (). All 6 of its private funds are private equity funds. Regulatory assets on the same filing: $2.6BN (Item 5.F), not ranked. |
| Torquest PartnersToronto | $2.3BN | 7, all PE | ADV, filed 2026-03-27 | More on Torquest PartnersFiles Form ADV as Torquest Management Services Limited Partnership. Its private funds report $2.3BN in gross assets on Form ADV (). All 7 of its private funds are private equity funds. An exempt reporting adviser: it files Form ADV and reports its private funds, but is exempt from SEC registration, so it reports no regulatory assets. |
| Vertu CapitalToronto | $103MM | 2, all PE | ADV, filed 2025-12-19 | More on Vertu CapitalOn its own site: “We are Growth Private Equity investors for Canadian technology champions.” (read ). Files Form ADV as Vertu Ventures Inc. Its private funds report $103MM in gross assets on Form ADV (). All 2 of its private funds are private equity funds. An exempt reporting adviser: it files Form ADV and reports its private funds, but is exempt from SEC registration, so it reports no regulatory assets. |
| XPV Water PartnersToronto | $902MM | 6 (5 PE) | ADV, filed 2026-03-18 | More on XPV Water PartnersFiles Form ADV as XPV Water Partners Inc. Its private funds report $902MM in gross assets on Form ADV (). Of its 6 private funds, 5 are private equity funds; the others: 1 venture capital. An exempt reporting adviser: it files Form ADV and reports its private funds, but is exempt from SEC registration, so it reports no regulatory assets. |
Registered advisers at the top: Brookfield Private Equity, Onex Partners and Dawson Partners. Exempt reporting advisers at the top: Altas Partners, Northleaf Capital Partners and Birch Hill Equity Partners. Sister advisers are folded into one row for Altas Partners, Ironbridge Equity Partners and Northleaf Capital Partners; the row's details name them.
Mixed: fewer than half its private funds are private equity funds.
Source: SEC Form ADV, filings December 2025 to September 2026; each firm's own website, read .
Nearby lists: Family Offices in Toronto (21), Family Offices in Canada (66)
New this edition
This is the first edition of this list in this form; the next edition will list what changed.
Sources and scope
- Who is listed
- Main office on Form ADV in the City of Toronto (Toronto, North York, Etobicoke, Scarborough or East York as the filed city), among SEC filers, with at least one private equity fund reported on Schedule D of the filing. Left out: 10 whose own sites or SEC filings describe another business (real estate and real assets managers 4, credit, lending and royalty managers 3, hedge fund and public markets managers 1, wealth and financial advice firms 1 and other businesses 1) and 5 exempt advisers with no website on file. 6 sister advisers folded into the row of their business; 2 on the filing alone, their sites missing, unreachable or too thin to judge.
- Kind
- Private equity where half or more of its private funds are private equity funds: 24. Mixed, listed but not ranked: 2.
- Order
- Ranked by private fund gross assets, largest first; then A to Z.
- Figures
- Private fund gross assets: Form ADV, Schedule D, Section 7.B.(1), summed over all of a firm's private funds, gross of borrowing, with the month filed. Regulatory assets (Item 5.F) sit in row details. 20 of the 26 are exempt reporting advisers, with no regulatory assets to report.
- Sources
- SEC Form ADV adviser data; each firm's own website.
Sources and dates
| Figure | Where it comes from | As of |
|---|---|---|
| Private fund gross assets, private funds by type, regulatory assets, main office and latest filing date of the 26 firms | SEC Form ADV monthly files for registered and exempt reporting advisers (Total Gross Assets of Private Funds, and the fund counts by type, from Schedule D, Section 7.B.(1)) | Filings of 2025-12-19 to 2026-09-18; files of 2026-10-01, read 2026-10-28 |
| Each firm's website | Form ADV Item 1.I, from the SEC adviser feed | Feed of 2026-10-21; read 2026-10-28 |
| Private equity description of each listed firm, quoted in its row where its site states it, and the 10 advisers left out | Each firm's own website (its home page and up to two about, strategy or contact pages) | 2026-10-28 |
| The 3 of those left out on the review of our largest private equity firms ranking (infrastructure, credit, crossover and other businesses) | The source that review cites for each: the firm's own words or its Form ADV | 2026-10-28 |
| Counts on the nearby lists: Family Offices in Toronto (21), Family Offices in Canada (66) | Each list as published (Toronto and Canada checked July 2026), counted the way the directory hub counts it | 2026-10-28 |