Innocap Welcomes Bain Capital as Shareholder, Surpasses $100 Billion in Platform Assets
Innocap Investment Management Inc., a global leader in Dedicated Managed Account (DMA) platforms, announced a significant milestone and strategic partnership today. Bain Capital Tech Opportunities (“Bain Capital”) has made a growth investment in Innocap to support the company’s next phase of expansion and technological innovation.
This partnership comes as Innocap surpasses US$100 billion in platform assets, reinforcing its position as the leading platform for institutional investors seeking greater transparency, control, and efficiency in managing alternative portfolios.
Transforming Alternative Investing Through Technology and Transparency
As alternative investments continue to grow worldwide—reaching over US$4.8 trillion in total allocations—institutions are demanding more customized and transparent ways to manage their portfolios. Innocap’s DMA platform is designed to meet that demand, providing institutional allocators with the tools to structure, access, and oversee alternative investments more effectively than traditional vehicles allow.
Innocap’s integrated model combines deep sector expertise, proprietary workflow automation, and secure technology infrastructure, delivering a comprehensive platform for managing complex portfolios. Its service model enables investors to achieve operational control, transparency, and superior governance, all while maintaining access to world-class alternative managers.
By leveraging its purpose-built technology and robust data capabilities, Innocap empowers investors to optimize decision-making, manage risk more effectively, and generate incremental alpha. The company’s platform has become the preferred solution for pensions, endowments, sovereign wealth funds, and other global allocators navigating the evolving landscape of alternative investments.
Scaling Innovation with Bain Capital’s Partnership
“Innocap’s growth story has been remarkable, and Bain Capital’s investment marks an exciting new chapter for the future of DMAs,” said François Rivard, Chief Executive Officer of Innocap. “Our platform assets have doubled in just three years, and this partnership will allow us to scale our operations globally and further enhance our technology stack with world-leading AI and fintech capabilities.”
Rivard emphasized that the collaboration will strengthen Innocap’s ability to serve a growing and increasingly sophisticated client base. “This investment enables us to deliver more powerful, data-driven solutions for global allocators and further expand our reach across institutional markets,” he added.
Bain Capital Tech Opportunities Managing Director Michael Grandfield shared similar enthusiasm:
“The alternative investment ecosystem is at an inflection point, driven by institutions’ need for customized solutions, transparency, and efficiency,” he said. “Innocap has been leading this transformation with its proprietary technology and deep operational expertise. We are thrilled to partner with François and his team to build on Innocap’s leadership and accelerate its technology-enabled service model.”
Building on a Strong Shareholder Base
Bain Capital joins a group of distinguished and long-term shareholders, including Innocap senior management, La Caisse, BNY, Walter Global Asset Management, BNP Paribas, and the Abu Dhabi Investment Authority (ADIA). These investors bring strategic insights, global reach, and financial strength that support Innocap’s continued evolution.
Kim Thomassin, Executive Vice-President and Head of Québec at La Caisse, highlighted Innocap’s success story as a Montréal-based innovation leader:
“Driven by a bold vision for global growth, Innocap continues to set the standard for excellence in alternative investment management. La Caisse is proud to be a longstanding shareholder and remains committed to supporting Innocap’s strategic evolution alongside world-class partners like Bain Capital, ensuring long-term value creation for our depositors.”
Recent strategic developments include the Abu Dhabi Investment Authority (ADIA) selecting Innocap to provide DMA platform services and becoming a shareholder itself. This global endorsement underscores the growing recognition of Innocap’s technology-driven model among leading institutional investors.
Shaping the Future of Institutional Allocations
As the demand for alternative investments expands, institutional investors are increasingly turning to platforms that provide governance, scalability, and operational transparency. Innocap’s model addresses these priorities by enabling clients to maintain full ownership of their investment structures while benefiting from automation, risk oversight, and data-driven analytics.
By partnering with Bain Capital, Innocap aims to further advance its digital infrastructure, incorporating artificial intelligence, enhanced data tools, and next-generation reporting capabilities. These improvements will streamline decision-making and improve visibility across complex portfolios—key advantages in a market where control and customization are paramount.
With a foundation built on innovation, trust, and performance, Innocap is well-positioned to lead the next wave of transformation in the alternative investment industry. The company’s approach—combining cutting-edge technology with institutional-grade governance—continues to redefine how allocators access and manage their investments worldwide.
About Innocap
Innocap is the world’s leading Dedicated Managed Account Platform, providing institutional investors with a superior way to structure, access, and oversee alternative portfolios. With over US$100 billion in platform assets, Innocap enables clients to customize strategies, enhance transparency, and gain full asset control, helping them unlock greater alpha and operational efficiency in alternative investments.
Financial terms of Bain Capital’s minority investment were not disclosed. The transaction remains subject to customary closing conditions and regulatory approvals, with completion expected in Q1 2026.
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