# Novacap Management Inc.

> Novacap Management Inc. is an SEC-registered investment advisory firm in Brossard, Quebec, Canada, registered since 2023, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 27, 2026.

- CRD: 290100
- Filed as: NOVACAP MANAGEMENT INC.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Brossard, Quebec, Canada
- Filing period: October 2026
- Form ADV filing dated: March 27, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/290100
- AdvisorCensus page: https://advisorcensus.com/firm/novacap-management-inc-brossard-quebec-290100

## Quick answers

**How is Novacap Management Inc. compensated?**
On its Form ADV (Item 5.E, October 2026), Novacap Management Inc. reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Novacap Management Inc. located?**
Novacap Management Inc.'s principal office is in Brossard, Quebec, Canada, according to its Form ADV; the April 2026 filing also lists 2 other offices (Schedule D, Section 1.F).

**Is Novacap Management Inc. registered with the SEC or a state?**
Novacap Management Inc. is an SEC-registered investment advisory firm, registered since 2023. Status as filed: Approved. CRD 290100.

**How much does Novacap Management Inc. manage?**
Novacap Management Inc. reports $13,171,477,720 in regulatory assets under management in its Form ADV filing dated March 27, 2026 (100% discretionary).

**How have Novacap Management Inc.'s assets and staff changed since 2021?**
In the Form ADV data for Novacap Management Inc.: Regulatory assets under management: $6,740,018,066 in the October 2023 data and $13,171,477,720 in the October 2026 data, up 95%. Total employees: 88 in October 2023 and 112 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Novacap Management Inc. serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (68).

**Does Novacap Management Inc. report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/290100

**What changed in Novacap Management Inc.'s recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 78 to 89. Regulatory assets under management went from $8,374,363,136 to $13,171,477,720 (+57%). Changed its office addresses in Toronto, Ontario.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Regulatory assets under management (Item 5.F)
- Total: $13,171,477,720
- Discretionary: $13,171,477,720
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 68 | $13,171,477,720 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2023 (3 years)
- Employees: 112 total, 89 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- New York, NY
- Toronto, Ontario

### Websites listed on Form ADV (Item 1.I)
- novacapcorp.com
- LinkedIn @novacap

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | Not reported | Not reported | March 30, 2021 |
| October 2022 | Not reported | Not reported | March 31, 2022 |
| October 2023 | $6,740,018,066 | 88 | August 8, 2023 |
| October 2024 | $7,377,302,478 | 84 | July 11, 2024 |
| October 2025 | $8,374,363,136 | 103 | March 26, 2025 |
| October 2026 | $13,171,477,720 | 112 | March 27, 2026 |

Regulatory assets under management: $6,740,018,066 in the October 2023 data and $13,171,477,720 in the October 2026 data, up 95%.
Total employees: 88 in October 2023 and 112 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 78 to 89.
- Regulatory assets under management went from $8,374,363,136 to $13,171,477,720 (+57%).
- Changed its office addresses in Toronto, Ontario.

### March 2026
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Novacap Management Inc. (CRD 290100): Form ADV filing data as of October 2026.