Bain Capital has joined the shareholder group of Innocap Investment Management through a strategic minority investment aimed at accelerating the firm’s global growth and enhancing its technology-led managed account platform for institutional investors.

The partnership comes as Innocap crosses $100bn in platform assets, solidifying its position as one of the world’s largest dedicated managed account (DMA) providers for alternative investments.

Innocap’s DMA model enables institutional allocators, including pension funds, endowments, and sovereign wealth funds, to structure, access, and oversee their alternatives portfolios with enhanced transparency, governance, and control. The company’s assets have doubled over the past three years amid growing demand for bespoke, technology-enabled investment structures.

François Rivard, CEO of Innocap, said the investment marks “an exciting new chapter” in the company’s evolution. “Bain Capital’s partnership will also enable us to pair world-leading AI and fintech expertise as we swiftly advance Innocap’s technology stack to deliver clear wins for clients,” he said.

Michael Grandfield, Managing Director at Bain Capital Tech Opportunities, added: “The alternative investment ecosystem is at an inflection point, driven by institutional allocators’ growing demand for customized solutions and greater transparency, control, and capital efficiency.”

Bain Capital joins existing shareholders including La Caisse, BNY Mellon, Walter Global Asset Management, BNP Paribas, and the Abu Dhabi Investment Authority (ADIA). La Caisse’s Executive Vice-President Kim Thomassin said they remain “committed to supporting Innocap’s strategic evolution alongside world-class partners, while continuing to deliver enduring value for our depositors.”

Founded in Montreal, Innocap provides governance and infrastructure for institutional portfolios spanning hedge funds, private equity, and other alternative asset classes. Its platform combines proprietary automation, data analytics, and secure technology infrastructure to simplify portfolio management and reporting for large allocators.

The transaction, whose terms were not disclosed, is expected to close in the first quarter of 2026, subject to customary approvals.

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