On January 8, 2025, Toronto-based private equity firm Alphi Capital announced the final close of its debut fund, Alphi Capital I, LP, securing $295 million in total limited partner commitments. The fund significantly exceeded its original $200 million target, drawing strong interest from a diverse group of North American investors, including pension funds, foundations, endowments, government agencies, insurance companies, family offices, fund of funds, and various industry professionals. Alphi Capital, which focuses on lower middle-market investments, targets business-to-business service and value-added distribution companies with initial platform investments in the $5 million to $10 million EBITDA range. The firm partners with founders and owners to support growth both organically and through acquisitions, providing not just capital but also strategic and operational resources to scale their businesses.

To date, Fund I has completed investments in three platform companies: Da-Lee Services Inc., an Ontario-based provider of infrastructure and environmental services for municipal and industrial clients in Canada and the U.S.; K2 Fasteners Inc., a British Columbia-based national master distributor of stainless-steel and corrosion-resistant fasteners with a highly technical sales team; and Eastbay Technologies Inc., an Ontario-based outsourced IT services provider with a team of specialized sales and technical consultants. Co-founders Thecla Sweeney and Andrew Fortier emphasized their commitment to being strong partners to founders and expressed gratitude to investors for their trust and support. Metric Point Capital served as the exclusive placement agent for the fundraise, while Torys LLP acted as Canadian and U.S. legal counsel.