Company lists · Data refreshed September 2026

Top 25 Lower middle market private equity firms based in Toronto, Canada

RevenueBase identified 263 lower middle market private equity firms headquartered in Toronto, Canada as of September 2026 and tracks 2,533 professional contacts across them, including 1,461 with verified work emails. Across Canada, Toronto is the largest hub for this category.

This list covers lower middle market private equity firms headquartered in Toronto, Canada, matched on what each company actually does as described in its own words. Ranked by team size, largest first. Every row shows the company's own description, its RevenueBase Smart Search rating, and when it was last checked. Data refreshed September 14, 2026.

Published by RevenueBase, a B2B data infrastructure company. This list was built with RevenueBase Smart Search, the natural-language company search RevenueBase customers use to build their own targeted lists and unlock verified emails and direct dials at the companies on them. How these lists are built and judged.

How to read this list HQ checked on every row RevenueBase Smart Search rating on every row Refreshed Sep 14, 2026 86% judged on-target in blind review
263Companies
2,533Contacts tracked
1,461Verified emails
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The 25 largest lower middle market private equity firms based in Toronto, Canada

Ranked by team size
Top 25 of 263 lower middle market private equity firms based in Toronto, Canada, ranked by team size, largest first. Data refreshed Sep 14, 2026. RevenueBase Smart Search rates how each company's information relates to lower middle market private equity firms: strong evidence (its own description names it), partial (names part of it), indirect (matched on the rest of its profile rather than the description shown). Click a contact count to view that company's people.
#CompanyRevenueBase Smart SearchHeadquartersEmployeesContacts
1Strong evidenceToronto, ON, CanadaHQ checked Sep 14, 2026201-500331 contacts →

Strong evidence

“Fengate is a leading investment firm specializing in real assets, with a focus on infrastructure, private equity and real estate.”

Source: RevenueBase Database · checked Sep 14, 2026
2Strong evidenceToronto, ON, CanadaHQ checked Sep 14, 2026201-500280 contacts →

Strong evidence

“Northleaf Capital Partners is a global private markets investment firm with more than US$31 billion in private equity, private credit and infrastructure cumulative capital…”

Source: RevenueBase Database · checked Sep 14, 2026
3Strong evidenceToronto, ON, CanadaHQ checked Sep 14, 202651-20099 contacts →

Strong evidence

“Altas Partners is a North American private equity firm focused on selectively acquiring significant interests in high-quality, durable businesses with compelling growth potential.”

Source: RevenueBase Database · checked Sep 14, 2026
4Strong evidenceToronto, ON, CanadaHQ checked Sep 14, 202611-5091 contacts →

Strong evidence

“Birch Hill is a Canadian mid-market private equity firm with a long history of driving growth in our portfolio companies and delivering returns to our investors.”

Source: RevenueBase Database · checked Sep 14, 2026
5Partial evidenceToronto, ON, CanadaHQ checked Sep 14, 20261,001-5,00079 contacts →

Partial evidence

“Aquila eternally invests in market leaders with staying power across enterprise software, vertical SaaS and data.”

Source: RevenueBase Database · checked Sep 14, 2026
6Indirect evidenceToronto, ON, CanadaHQ checked Sep 14, 202651-20075 contacts →

Indirect evidence

“Imperial Capital has been successfully building better businesses since 1989.”

Source: RevenueBase Database · checked Sep 14, 2026
7Strong evidenceToronto, ON, CanadaHQ checked Sep 14, 202651-20066 contacts →

Strong evidence

“TorQuest Partners is a Canadian-based manager of private equity funds with a proven track record in identifying and building value in a diversified portfolio of companies based…”

Source: RevenueBase Database · checked Sep 14, 2026
8Strong evidenceToronto, ON, CanadaHQ checked Sep 14, 20261,001-5,00064 contacts →

Strong evidence

“Lynx Equity is a private equity firm that owns and operates fifty companies in various industries across North America, the United Kingdom, and Denmark.”

Source: RevenueBase Database · checked Sep 14, 2026
9Strong evidenceToronto, ON, CanadaHQ checked Sep 14, 202611-5054 contacts →

Strong evidence

“Clairvest, a leader in the Canadian private equity industry for more than 35 years, has approximately $4.3 billion of capital under management.”

Source: RevenueBase Database · checked Sep 14, 2026
10Partial evidenceToronto, CanadaHQ checked Sep 14, 202611-5045 contacts →

Partial evidence

“ONCAP, in partnership with operating company management teams, invests in and builds value in North American headquartered small and medium sized businesses that are market…”

Source: RevenueBase Database · checked Sep 14, 2026
11Indirect evidenceToronto, ON, CanadaHQ checked Sep 14, 202611-5044 contacts →

Indirect evidence

“FirePower Capital advises and invests in Canada’s entrepreneurs.”

Source: RevenueBase Database · checked Sep 14, 2026
12Strong evidenceToronto, ON, CanadaHQ checked Sep 14, 202611-5043 contacts →

Strong evidence

“Founded in 1982, VRG Capital is a private equity firm backed by a select group of Canadian family offices.”

Source: RevenueBase Database · checked Sep 14, 2026
13Indirect evidenceToronto, ON, CanadaHQ checked Sep 14, 202611-5041 contacts →

Indirect evidence

“Founded in 1996, Kensington is a Canadian alternative asset manager with offices in Toronto and Vancouver.”

Source: RevenueBase Database · checked Sep 14, 2026
14Strong evidenceToronto, ON, CanadaHQ checked Sep 14, 202611-5040 contacts →

Strong evidence

“Harlo Entertainment is a Toronto-based private equity firm with more than $250M assets under management.”

Source: RevenueBase Database · checked Sep 14, 2026
15Strong evidenceToronto, CanadaHQ checked Sep 14, 202611-5032 contacts →

Strong evidence

“Kinterra Capital is a private equity firm that invests in the people, ideas, critical materials, and strategic infrastructure necessary to accelerate the development of the modern…”

Source: RevenueBase Database · checked Sep 14, 2026
16Strong evidenceToronto, ON, CanadaHQ checked Sep 14, 202611-5030 contacts →

Strong evidence

“Instar is a private equity firm that invests in scalable businesses providing essential products and solutions to communities across North America’s middle market.”

Source: RevenueBase Database · checked Sep 14, 2026
17Strong evidenceToronto, ON, CanadaHQ checked Sep 14, 202611-5029 contacts →

Strong evidence

“Beringer Capital is a buyout private equity firm focused on investing in companies at the forefront of digital transformation.”

Source: RevenueBase Database · checked Sep 14, 2026
18Strong evidenceToronto, ON, CanadaHQ checked Sep 14, 202611-5028 contacts →

Strong evidence

“Penfund is a leading provider of junior capital to middle market companies throughout North America.”

Source: RevenueBase Database · checked Sep 14, 2026
19Strong evidenceToronto, ON, CanadaHQ checked Sep 14, 202611-5024 contacts →

Strong evidence

“Founded by a pair of entrepreneurs whose passion is to invest in and work with high-quality businesses, CPS Capital is different from other private equity investors.”

Source: RevenueBase Database · checked Sep 14, 2026
20Indirect evidenceToronto, ON, CanadaHQ checked Sep 14, 202651-20021 contacts →

Indirect evidence

“The principal company within the Kilmer Group is Kilmer Van Nostrand Co.”

Source: RevenueBase Database · checked Sep 14, 2026
21Indirect evidenceToronto, ON, CanadaHQ checked Sep 14, 2026201-50021 contacts →

Indirect evidence

Source: RevenueBase Database · checked Sep 14, 2026
22Partial evidenceToronto, ON, CanadaHQ checked Sep 14, 202611-5021 contacts →

Partial evidence

“Klass Capital is a growth equity firm investing in category-defining B2B technology companies.”

Source: RevenueBase Database · checked Sep 14, 2026
23Strong evidenceToronto, ON, CanadaHQ checked Sep 14, 202611-5018 contacts →

Strong evidence

“Vertu Capital brings decades of global private equity experience to high potential Canadian technology businesses.”

Source: RevenueBase Database · checked Sep 14, 2026
24Strong evidenceToronto, ON, CanadaHQ checked Sep 14, 20261-1018 contacts →

Strong evidence

“With over 35 years of private equity experience, we invest in lower middle market Canadian companies in the business services and value added distribution industries.”

Source: RevenueBase Database · checked Sep 14, 2026
25Strong evidenceToronto, ON, CanadaHQ checked Sep 14, 202611-5018 contacts →

Strong evidence

“Trusted Financial is a premier strategic finance & advisory firm, dedicated to guiding founders, CEOs, and business owners of middle-market companies through their most critical…”

Source: RevenueBase Database · checked Sep 14, 2026

Showing 25 of 263 lower middle market private equity firms based in Toronto, Canada

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Lower middle market private equity firms based in Toronto, Canada at a glance

As of Sep 14, 2026
57.7%Verified-email coverage
9.6Average contacts per company
1-10Median size (employees)
Sep 14, 2026Page data refreshed

Companies by employee count

1-10
182
11-50
60
51-200
13
201-500
5
1,001-5,000
3

Email recency for this list is measured across the whole Canada list rather than for Toronto, so it is reported there. Company counts and contact totals on this page are exact for Toronto, over 263 companies.

How this list was built

Company categories are rarely black and white. RevenueBase reads each company's own description of its business to decide whether it belongs among lower middle market private equity firms, so some rows will be adjacent to the category rather than pure plays. The description and RevenueBase Smart Search rating on every row are there so you can check each match yourself.

Source
The RevenueBase company graph: 60 million companies and 398.9 million professional contacts resolved from primary sources, queried with RevenueBase Smart Search, the natural-language company search available to every RevenueBase user.
What qualifies
Companies headquartered in Toronto, Canada whose own description of what they do matches “lower middle market private equity firms”. Matching reads each company's description, not its industry code or its name.
RevenueBase Smart Search
RevenueBase Smart Search is how this list is assembled and how each row is rated. RevenueBase's data engine and AI assess a company's LinkedIn profile, information supplied directly by the company, its website and other publicly available information, then relate it to a category defined in a user's own words. Each row is rated strong evidence (its own description names lower middle market private equity firms), partial evidence (it names part of the category) or indirect evidence (the description shown names none of it and the match rests on the rest of the company's profile). The description supporting each rating is quoted on the row.
What we exclude
Companies whose own description does not clearly place them among lower middle market private equity firms, and records with no verified work email. Companies headquartered outside Toronto are excluded even when they keep an office there.
Match quality
In blind human judging of this matching method, 86% of matched companies were on target. Expect roughly 1 in 7 rows to be adjacent to the category rather than a pure play. Every row shows the company's own description and its RevenueBase Smart Search rating so you can judge each match yourself. Read the full methodology: how the lists are built, how the judging worked, and what the figure means.
Ranking
Team size, largest first: companies are ordered by the number of professionals RevenueBase tracks at each one. Employee ranges shown are reported bands, for context.
Verification
Every listed company carries at least one verified work email, 1,461 across the full list. Contacts re-verify on a rolling cadence, and each contact's own verification date is shown inside RevenueBase.
Refresh
This page's figures were pulled from the company graph on September 14, 2026. Lists refresh periodically as the graph is re-checked.
Corrections
Wrong category, wrong headquarters, or a company that has closed? Use “Report an issue” on any row. Reports go to the RevenueBase Data Team and feed back into the company graph.

Frequently asked

What is RevenueBase Smart Search?

RevenueBase Smart Search is how RevenueBase decides which companies belong on this list and how strongly each one fits. Its data engine and AI assess a company's LinkedIn profile, information supplied directly by the company, its website and other publicly available information, then relate it to the category the list is about. Each row is rated strong evidence when the company's own description names lower middle market private equity firms, partial evidence when it names part of the category, and indirect evidence when the description shown names none of it and the match rests on the rest of the company's profile.

How many lower middle market private equity firms are there based in Toronto, Canada?

RevenueBase identified 263 lower middle market private equity firms headquartered in Toronto, Canada as of September 2026, matched on each company's own description of what it does rather than its industry code.

What is the largest company on this list?

Fengate Asset Management, headquartered in Toronto, tops this list with the largest team on record.

Which city in Canada has the most lower middle market private equity firms?

Toronto leads Canada with 263 headquartered companies, followed by Vancouver (84) and Calgary (55).

How do I get contact information for these companies?

A free RevenueBase account lets you run this exact search and work the top results, verified emails and direct dials included. Upgrading unlocks all 1,461 verified decision-maker contacts tracked across these 263 companies.

How current is this list?

The list refreshes periodically as the company graph is re-checked. This page's figures were pulled on September 14, 2026.

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About this data

RevenueBase is a B2B data infrastructure company. Its company graph covers 60 million companies and 398.9 million professional contacts, with emails verified on a rolling cadence rather than scraped once and left to decay. These company lists are generated directly from that graph with RevenueBase Smart Search, the same natural-language company search every RevenueBase user has: describe a market in plain words, get the companies that match, and add verified emails and direct dials for the people at them. It is the same data that powers RevenueBase's B2B data products, and a free account includes 500 credits to start. How these lists are built and judged.