Novacap Closes Novacap Technologies VII

Novacap Technologies VII marks Novacap's largest technology fund to date at nearly US$3.8 billion

Davies acted for Novacap on the structuring and closing of Novacap Technologies VII, which raised nearly US$3.8 billion in capital commitments, significantly exceeding its original target.

Novacap Technologies VII represents Novacap's largest technology-focused fund to date and will support continued investments in middle-market B2B software and technology-enabled services companies across North America. The strong investor demand underscores confidence in Novacap's disciplined investment strategy and long-standing sector expertise.

The Davies team advising Novacap includes Sébastien Thériault, Elise Beauregard, Andrea Dupuis, Kassandra Desmarais, Sergio Rodriguez and Matthew Goldenberg (Fund Formation); and Marie-Emmanuelle Vaillancourt and Marc Pietro Allard (Tax).