Company lists · Data refreshed September 2026

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

Name: Lower middle market private equity firms based in Toronto, Canada
Creator: RevenueBase
License: https://creativecommons.org/licenses/by/4.0/

Compiled by the RevenueBase Data Team Data refreshed Sep 4, 2026 263 companies tracked

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. Toronto is the largest hub.

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, how directly it supports the match, and when it was last checked. Data refreshed September 4, 2026.

Published by RevenueBase, a B2B data infrastructure company. This list was built with RevenueBase SmartSearch, 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 Match evidence on every row Refreshed Sep 4, 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 4, 2026. Evidence rates how directly each company's own description names lower middle market private equity firms: strong (names it), partial (names part of it), indirect (matched on its full profile rather than the summary shown). Click a count to unlock that company's people.
#	Company	Headquarters	Employees	Contacts
1	Fengate Asset ManagementStrong evidence	Toronto, ON, CanadaHQ checked Sep 4, 2026	201-500	331
	“Fengate is a leading investment firm specializing in real assets, with a focus on infrastructure, private equity and real estate.” Source: company website · checked Sep 4, 2026
2	Northleaf Capital PartnersStrong evidence	Toronto, ON, CanadaHQ checked Sep 4, 2026	201-500	280
	“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: company website · checked Sep 4, 2026
3	Altas PartnersStrong evidence	Toronto, ON, CanadaHQ checked Sep 4, 2026	51-200	99
	“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: company website · checked Sep 4, 2026
4	Birch Hill Equity PartnersStrong evidence	Toronto, ON, CanadaHQ checked Sep 4, 2026	11-50	91
	“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: company website · checked Sep 4, 2026
5	AquilaPartial evidence	Toronto, ON, CanadaHQ checked Sep 4, 2026	1,001-5,000	79
	“Aquila eternally invests in market leaders with staying power across enterprise software, vertical SaaS and data.” Source: company website · checked Sep 4, 2026
6	Imperial Capital LimitedIndirect evidence	Toronto, ON, CanadaHQ checked Sep 4, 2026	51-200	75
	“Imperial Capital has been successfully building better businesses since 1989.” Source: company website · checked Sep 4, 2026
7	Torquest PartnersStrong evidence	Toronto, ON, CanadaHQ checked Sep 4, 2026	51-200	66
	“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: company website · checked Sep 4, 2026
8	Lynx Equity LimitedStrong evidence	Toronto, ON, CanadaHQ checked Sep 4, 2026	1,001-5,000	64
	“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: company website · checked Sep 4, 2026
9	Clairvest Group INCStrong evidence	Toronto, ON, CanadaHQ checked Sep 4, 2026	11-50	54
	“Clairvest, a leader in the Canadian private equity industry for more than 35 years, has approximately $4.3 billion of capital under management.” Source: company website · checked Sep 4, 2026
10	Oncap Management PartnersPartial evidence	Toronto, CanadaHQ checked Sep 4, 2026	11-50	45
	“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: company website · checked Sep 4, 2026
11	Firepower CapitalIndirect evidence	Toronto, ON, CanadaHQ checked Sep 4, 2026	11-50	44
	“FirePower Capital advises and invests in Canada’s entrepreneurs.” Source: company website · checked Sep 4, 2026
12	VRG CapitalStrong evidence	Toronto, ON, CanadaHQ checked Sep 4, 2026	11-50	43
	“Founded in 1982, VRG Capital is a private equity firm backed by a select group of Canadian family offices.” Source: company website · checked Sep 4, 2026
13	Kensington Capital Partners LimitedIndirect evidence	Toronto, ON, CanadaHQ checked Sep 4, 2026	11-50	41
	“Founded in 1996, Kensington is a Canadian alternative asset manager with offices in Toronto and Vancouver.” Source: company website · checked Sep 4, 2026
14	Harlo EntertainmentStrong evidence	Toronto, ON, CanadaHQ checked Sep 4, 2026	11-50	40
	“Harlo Entertainment is a Toronto-based private equity firm with more than $250M assets under management.” Source: company website · checked Sep 4, 2026
15	Kinterra CapitalStrong evidence	Toronto, CanadaHQ checked Sep 4, 2026	11-50	32
	“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: company website · checked Sep 4, 2026
16	Instar Asset ManagementStrong evidence	Toronto, ON, CanadaHQ checked Sep 4, 2026	11-50	30
	“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: company website · checked Sep 4, 2026
17	Beringer CapitalStrong evidence	Toronto, ON, CanadaHQ checked Sep 4, 2026	11-50	29
	“Beringer Capital is a buyout private equity firm focused on investing in companies at the forefront of digital transformation.” Source: company website · checked Sep 4, 2026
18	PenfundStrong evidence	Toronto, ON, CanadaHQ checked Sep 4, 2026	11-50	28
	“Penfund is a leading provider of junior capital to middle market companies throughout North America.” Source: company website · checked Sep 4, 2026
19	CPS CapitalStrong evidence	Toronto, ON, CanadaHQ checked Sep 4, 2026	11-50	24
	“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: company website · checked Sep 4, 2026
20	Kilmer VAN Nostrand Co. LimitedIndirect evidence	Toronto, ON, CanadaHQ checked Sep 4, 2026	51-200	21
	“The principal company within the Kilmer Group is Kilmer Van Nostrand Co.” Source: company website · checked Sep 4, 2026
21	Weshall Investments INCIndirect evidence	Toronto, ON, CanadaHQ checked Sep 4, 2026	201-500	21
	Source: company website · checked Sep 4, 2026
22	Klass CapitalPartial evidence	Toronto, ON, CanadaHQ checked Sep 4, 2026	11-50	21
	“Klass Capital is a growth equity firm investing in category-defining B2B technology companies.” Source: company website · checked Sep 4, 2026
23	Vertu CapitalStrong evidence	Toronto, ON, CanadaHQ checked Sep 4, 2026	11-50	18
	“Vertu Capital brings decades of global private equity experience to high potential Canadian technology businesses.” Source: company website · checked Sep 4, 2026
24	Alphi CapitalStrong evidence	Toronto, ON, CanadaHQ checked Sep 4, 2026	1-10	18
	“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: company website · checked Sep 4, 2026
25	Trusted FinancialStrong evidence	Toronto, ON, CanadaHQ checked Sep 4, 2026	11-50	18
	“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: company website · checked Sep 4, 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 4, 2026

1-10Median size (employees)

TorontoLargest hub · 263 HQs

Contacts with mobile numbers

Sep 4, 2026Data refreshed

Companies by employee count

1-10

182

11-50

51-200

201-500

1,001-5,000

Email recency for this list is measured across the whole Canada list rather than this city, 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 evidence 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 SmartSearch, 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.
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 an evidence 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 4, 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.

Lower middle market private equity firms by metro in Canada

Lower middle market private equity firms in Toronto263
Lower middle market private equity firms in Vancouver84
Lower middle market private equity firms in Calgary55
Lower middle market private equity firms in Montreal55

Frequently asked

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 has the most lower middle market private equity firms?

Toronto leads 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 4, 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 SmartSearch, 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.