The current low interest rate environment is putting savers and, in general, people who want to use their assets profitably, in an unfavorable situation. Therefore, investments in the field of venture capital are becoming more and more interesting due to the situation mentioned above. Especially in the thriving economy of Canada, where the number of wealthy people and investors is increasing constantly, this particular form of investment is becoming more and more important. Normally, traditional banks don’t provide this form of capital because of the risks associated with it. This leads to startups approaching so called “Business Angels” and other venture capitalists (or sometimes venture capital funds) when they’re in the earlier stages of business. With this article we want to present you three venture capital focused single family offices from Canada as part of our list of the largest single family offices in Canada.

The mentioned family offices are all part of our list of the largest single family offices in Canada

  • 30 entries, thereof 20 with general e-mail address, 26 with executive names
  • Investment focus: Real Estate, Venture Capital, Private Equity, Financial Products, Renewables
  • 23 columns included: name, family name, estimated family wealth, detailed investment focus and exemplary investments, address, phone, e-mail, website…
  • Free updates within one year included, secure payment through PayPal or Credit Card, 24/7 support through live chat and mail

#1: Hedgewood

Hedgewood Inc. serves as the private investment vehicle of Jesse Rasch. It was founded in 2000 and has its headquarters in Toronto. Jesse Rasch is a successful entrepreneur in the software industry. He is the co-founder and past Chairman & CEO of WebHosting.com and InQuent Technologies. Furthermore, he co-founded CareGuide. InQuent provides private label hosting solutions to telecommunications customers. WebHosting.Com was one of the largest business web hosting companies in the world. In 2000, Rasch sold InQuent and WebHosting.Com to AT&T. As a globally minded investor, Hedgewood actively pursues and engages in a wide variety of investment opportunities in Canada, the United States, and internationally. Besides of venture capital, the investment firm focuses also on private equity, capital markets, lending and real estate. The venture capital focus lies on consumer & enterprise tech, health care and food/cpg. Bench is an exemplary excerpt of the portfolio. The company provides an online bookkeeping service that delivers tax-ready financial statements from professional accountants and allows you to access a simple, elegant software to review your finances.

#2: Thomvest

The Toronto-based investment company takes care of the financial security needs of Peter J. Thomson and his family. The former rally car driver is now active as a Business Angel and built up an impressive net worth of over $6 billion, with which he’s backing Thomvest. The company was established in 1996 and is split into three divisions: Thomvest Ventures, Thomvest Asset Management & Thomvest Properties. In addition to private equity and real estate investments, which are proceeded through Thomvest Asset Management and Thomvest Properties, the firm focuses on venture capital through Thomvest Ventures, an evergreen cross-stage venture capital fund based in San Francisco. Since its inception in 1996, Thomvest Ventures has invested over $500 million in more than 50 technology companies and prefers to invest in the fields of finance, real estate, security, infrastructure, sales and marketing. With Zendrive, Thomvest backed a start-up that leverages mobile sensor data to provide actionable insights that improve safety for passengers and drivers worldwide and that could be useful in pricing insurance tariffs.

#3: Otimo Retail

Otimo Retail, based in Montreal, acts as the private investment arm of Howard Stotland, Matthew Stotland, and David Henning and provides capital, as well as strategic and operational guidance to small and mid-sized technology providers who develop, market and sell software solutions to retail organizations. The firm offers a network of retail technology companies for partnership and business development opportunities and claims to be able to introduce business partners to appropriate C-level executives at Fortune 500 retailers. For example, Logiwa is a current venture capital investment at Otimo Retail. Logiwa is a cloud warehouse and inventory management software that meets the warehouse management and order fulfillment needs of retail and e-commerce businesses worldwide.

Picture source: Scott Webb

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Real estate: One of the few, if not the only, asset class that did not lose value during the Corona pandemic, but rather increased in value as usual. It is therefore less surprising that real estate will continue to be one of the most important asset classes. Especially in Canada’s metropolitan areas (Toronto, Montreal & Vancouver) real estate and rental prices are literally exploding. For example, in Toronto the average market rent for a usual 2-bedroom apartment in 2019 amounts to almost $2700, in Vancouver rental prices are even higher (around $3000 for a 2-bedroom apartment). For these reasons, single family offices, the private investment companies of wealthy private individuals, all tend to focus, at least in part, on real estate. With this article we want to present you 3 single family office in Canada, that invest in real estate. These single family offices are also featured in our recently created database of the largest Canadian single family offices.

The mentioned family offices are all part of our list of the largest single family offices in Canada

  • 30 entries, thereof 20 with general e-mail address, 26 with executive names
  • Investment focus: Real Estate, Venture Capital, Private Equity, Financial Products, Renewables
  • 23 columns included: name, family name, estimated family wealth, detailed investment focus and exemplary investments, address, phone, e-mail, website…
  • Free updates within one year included, secure payment through PayPal or Credit Card, 24/7 support through live chat and mail

#1: Tricor Pacific Capital

The Canadian single family office Tricor Pacific Capital doesn’t disclose who the family is that solely invests its own money and operates the firm from the “background”. But it is known, that the investment firm first was founded in order to carry out private equity transactions, using the family’s, as well as institutional funds to invest in middle-market companies across North America. Under the direction of Rod Senft, Tricor Pacific Capital managed four separate funds with a total committed capital of $1.2 billion. Until today, Tricor Pacific Capital has evolved into a single family office that only invests its own capital, focusing on real estate and private equity transactions. In terms of real estate, the firm focuses on commercial and residential properties and holds, for example, a portfolio of purpose-built, industrial, single-tenant real estate and highly seeks for industrial single tenant objects associated with their operating businesses or with other established businesses they can understand. Indirect real estate investments are proceeded through the Spira Equity Partners fund.

#2: Dancap Family Investment Office

The Dancap Family Investment Office addresses all the investment and financial needs of the Dan Family and was established in 2000. The Canadian businessman, producer and philanthropist Aubrey Dan, whose father, Leslie Dan, founded the generic pharmaceutical manufacturer Novopharm, has an estimated net worth of $1 billion and currently leads the single family office. The investment firm invests in both alternative and traditional asset classes such as private equity, real estate, private debt, hedge funds, and public equities. Even though the Family Office is Canadian-based, its investment portfolio is global, with a primary focus on opportunities in the United States. Dancap will allocate between 15% to 25% of its overall portfolio to Real Estate investments through third party funds, co-investments, and direct investments. Their Real Estate funds focus on many strategies including: Multifamily value-add, Office space, Seniors housing, Developments, Mixed-use, and Hospitality.  A co-investment property, for example, is “The Vibe at Gateway”, a complex of luxurious apartments in Saint Petersburg, Florida.

#3: Thomvest

Peter J. Thomson, a Canadian rally race car driver and venture capitalist, backs Thomvest with his estimated net worth of over $6 billion. Formed in 1996, the investment company is split up into three divisions: Thomvest Ventures, Thomvest Asset Management & Thomvest Properties. Through the last one, Thomson proceeds all his real estate related investment transactions. The real estate fund is based in Dallas and provides flexible terms and investment structures, without the limitations of a finite fund lifespan or numerous limited partners. In 2020, Thomvest Properties began acquiring a portfolio of NNN lease properties and it actively seeks investment opportunities with a purchase price of between $4 million and $15 million per property.

Picture source: Zia Syed

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Directly located at the Lake of Ontario, Toronto is, in terms of population, the largest city in Canada. In addition to hosting the banking and stock exchange center of Canada, the city functions as the country’s primary wholesale and distribution point. Ontario’s wealth of raw materials and hydroelectric power have made Toronto a primary center of industry with Finance, Media, Technology and Tourism being the key industries. Due to the facts, many high net worth individuals settled down here: Thomson Family, Rogers Family and Carlo Fidani, just to name a few. Usually these individuals own their own private investment companies. In our newly created database of Canadian family offices we identified the largest single family offices in Canada, of which, we want to introduce you three of these investment companies that have their headquarters located in Toronto.

The mentioned family offices are all part of our list of the largest single family offices in Canada

  • 30 entries, thereof 20 with general e-mail address, 26 with executive names
  • Investment focus: Real Estate, Venture Capital, Private Equity, Financial Products, Renewables
  • 23 columns included: name, family name, estimated family wealth, detailed investment focus and exemplary investments, address, phone, e-mail, website…
  • Free updates within one year included, secure payment through PayPal or Credit Card, 24/7 support through live chat and mail

#1: Thomvest

Thomvest is the investment management firm of Peter J. Thomson, a Canadian rally race car driver and a venture capitalist with an estimated net worth over $6 billion, and his family. The company was established in 1996 and is split into three divisions: Thomvest Ventures, Thomvest Asset Management & Thomvest Properties. As you can guess, the firm focuses on real estate and venture capital investments but also completes private equity transactions through funds. The venture capital investments are typically made in the areas of financial technology, marketing technology, cybersecurity, sales, and cloud infrastructure sectors in early and growth stages. The mortgage company LoanSnap is an exemplary investment and provides people with a clear view of their finances and shows them where they may be losing money every month.

#2: Dancap Family Investment Office

The Dancap Family Investment Office serves as the private investment arm of the Dan Family and was founded in 2000. Aubrey Dan, a Canadian businessman, philanthropist and a producer, whose net worth is estimated to be around $1 billion, currently leads the firm. His father, Leslie Dan, founded the generic pharmaceutical manufacturer Novopharm. The Dancap Family Office invests in both alternative and traditional asset classes such as private equity, real estate, private debt, hedge funds, and public equities. Even though the Family Office is Canadian-based, its investment portfolio is global, with a primary focus on opportunities in the United States. For example, the company owns parts of the Heights at 2121 in Houston, a luxury apartment community. EduNav, as part of the private equity portfolio, is an innovation leader in the higher-end software market. Their team brings experience in deep integration with core systems, with integrations with student information systems, learning management systems, and authentication authorities.

 

#3: Hedgewood

Hedgewood Inc., the private investment office of Jesse Rasch, was founded in 2000. Jesse Rasch is the co-founder and past Chairman & CEO of WebHosting.com and InQuent Technologies. Furthermore, he co-founded CareGuide. InQuent provides private label hosting solutions to telecommunications customers. WebHosting.Com was one of the largest business web hosting companies in the world. In 2000, Rasch sold InQuent and WebHosting.Com to AT&T. As a globally minded investor, Hedgewood actively pursues and engages in a wide variety of investment opportunities in Canada, the United States, and internationally. The firm engages in venture capital, private equity, capital markets, lending and real estate. Real estate investments focus on retail, office, residential, farmland and timberland. Their venture capital focus lies on consumer & enterprise tech, health care and food/cpg. Aobiome is an exemplary health care investment and pioneer in the application of commensal bacteria, with a transformative new platform technology and therapeutic and diagnostic approaches to the skin and the human microbiome.

Picture source: Conor Samuel

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ECBF Management GmbH, a German venture capital firm, launched Europe’s first “European Circular Bioeconomy Fund (ECBF)”. Now, the first €82M financing round of the fund has been realized. Amongst the investors is the Dr. Hettich Beteiligungen GmbH, the single family office of the German Hettich family.

European Circular Bioeconomy Fund (ECBF)

ECBF focuses on the European bioeconomy and the circular bioeconomy. The fund was initiated by a team around Michael Brandkamp, Michael Nettersheim and Dirk Saßmannshausen. All General Partners of the new fund were former emplyoees of German VC fund HTGF. Already two investments – in PeelPioneers B.V. and Proloupin GmbH – were made by ECBF. Prolupin is a spin-off from German Frauenhofer Institut that works on lupine-based products. PeelPioneers recycles orange peels to food ingredients.

Investment by Hettich single family office from Herford, Germany

The new European Circular Bioeconomy Fund raised a first round of €82M. Investors are the European Investment Bank, PreZero, Corbion and Dr. Hettich Beteiligungen GmbH. Dr. Hettich Beteiligungen GmbH is the single family office of Dr. Andreas Hettich, the majority shareholder of the Hettich Group, a global leader in furniture fittings. The Hettich family office focues on innovative and sustainable industrial companies.

Source: DGAP
Picture source: Kunal Shinde

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The single family office of Egyption billionaire Nassef Sawiris launches a $600M Special-purpose acquisition company (SPAC) called Avanti Acquisition Corp. Avanti started trading on the NYSE in the beginning of October. Sawiris single family office, NNS Group, invests together with Sienna Capital $100M on top of the amount raised on stock markets.

Rather broad investment focus for Sawiris SPAC

The NYSE-listed SPAC initiated by Nassef Sawiris and Ian Gallienne is targeting European family-owned companies with a valuation between $2-4BN. The sector focus lies on technology, health and consumer goods. SPACs are a new trend in the investment industry: alone this year, 118 SPACs raised through IPOs more than $44BN, according to Bloomberg. The recent transaction shows that SPACs are also a viable way of capital raising for family offices.

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The Italian biotech firm WISE Srl is working on implantable leads for neuromonitoring and brain-machine connections. Now, the company announced that it has raised €15M in its Series C. One of the investors is the Italian single family office of the Rossi Luciani family.

WISE: Medical device company working on implantable leads

WISE is a biotech company based in Milan and Berlin working on implantable Neuromodulation and Neuromonitoring leads. Through WISE’s WCS electrode, intraoperative neuromonitoring is enabled. The now-raised funds are used to develop a novel product the SCS EXPERT. Through SCS, a implantable multi-column paddle lead, Spinal Cord Stimulation (SCS) gets possible. Thereby, chronic pain can be treated. More than 328 million people suffer from chronic pain globally. WISE’s approach offers a treatment way apart from the usually prescribed drugs.

$15M Series C Financing Round: Italian Rossi Luciani Single Family Office (New Frontiers srl) as investor

Many new and existing investors participated in WISE’s recent funding round. New investors include CDP Venture Capital, Indaco Ventures as well as EUREKA! Venture. Also, the European Commision granted the company €2.3M earlier this year. Amongst the existing investors is New Frontier srl, which is an investment vehicle of the Rossi Luciani family office. New Frontier is focused on startups, especially in the biotech sphere. The Rossi Luciani family is the majority shareholder of listed electrical device company Carel Industries SpA.

Source: Streetinsider
Picture source: Josh Riemer

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The Hamburg-based single family office Peter Möhrle Holding acquires a stake of bc GmbH & Co.KG, a bicycle e-commerce company as part of its buy-and-build strategy.

Major German e-commerce bicycle retailer: bc GmbH & Co. KG

Bicycle retailer bc GmbH & Co. KG is based in Aachen and was founded in 1997. The company was a first-mover in the bicycle e-commerce segment. Today, the company has more than 190 employees and operates a modern logistics hub with more than 23,000 sqm storage space. The German bicycle retailer offers more than 70,000 products from 300 brands. Also, bc is operating profitably: in 2018, the net income amounted to €0.85M.

Hamburg-based Möhrle Single Family Office as private equity investor

The wealth of the Möhrle family is based on DIY store chain Max Bahr. The Peter Möhrle single family office invests in private equity and real estate. Also, the “Peter Möhrle Foundation” is connected to the family office. bc is not Möhrle’s first investment in the bicycle industry: in 2014, the family office invested in distributor Grofa Action Sports GmbH.

Source: Presseportal
Picture source: Tiffany Nutt

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Schütz Family Office (SFO), the single family office of Austrian entrepreneur Alexander Schütz, acquired Luxembourg-based private bank Freie Internationale Sparkasse (FIS).

Strategic private equity investment: market entry in Austria planned

FIS is a Luxembourg-based private bank that was founded by German Sparkasse Bremen in 2001 in order to cater to the needs of wealthy individuals and institutional customers from Luxembourg. The balance sheet of FIS comprises €40M, the assets under management are approximately €600M. After the acquisition, Schütz’ family office intends to enter the Austrian market with FIS and to bolster the Lombard lending business as well as the digitalization of the bank.

Schütz Single Family Office from Vienna

Alexander Schütz’s wealth is based on the asset manager C-Quadrat, which was founded together with Thomas Rieß in 1991. C-Quadrat has assets under management in the amount of €8BN. Through his family office, Schütz is an active investor in private equity and real estate. For example, the Palais Pick in Vienna is owned by the SFO. Also, objects in Belgrade, Namibia, or Mallorca are belonging to Schütz’s real estate portfolio.

Source: Juve, 02.10.2020
Picture Source: Jonathan Larson

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The single family office of Swiss entrepreneur Ralph Winter, the W5 Group LLC, invests in a student housing property development near the University of Central Florida.

Student housing development project with 602 Bedrooms

The new property development project of the W5 Group is located near the University of Central Florida in Orlando at 12151 E Colonial Drive. The property development project is not related to the University of Central Florida. Comprising 602 bedrooms in 138 units in a cottage-style community, the project aims to offer high-end lifestyle amenities for students. A resort-style pool, a jumbotron, a golf simulator, a study lounge, and a fitness center belong to the project. The W5 Group family office teamed up with Landmark Properties for the development. The University of Central Florida is one of the largest U.S. universities with almost 70,000 students.

W5 Group: A Swiss single family office investing in the United States

Ralph Winter is a European real estate investor who founded Corestate Capital in 2006. Through his Swiss/American family office, the W5 Group LLC, Winter invests in Europe and the U.S. Also through Winter’s background in student housing, the investment focus of W5 lies on microliving, coliving, and hospitality.

Source: PRWeb, 03.10.2020
Picture Source: Lance Asper

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An Australian single family office realizes a large built-to-rent property development in Melbourne. The family investment firm of Sam Suleman is working on a $275M project in Spotswood, Melbourne.

Mixed-Use Project in Melbourne

The project is located at McLister Street and will comprise 300 apartments as well as disabled-friendly housing. Building company ABD Group will take care of the construction contract, which is estimated to bring in more than $140M. Completion of the project of the Suleman family office is expected in mid-2020. The project is also a major factor for the local economy: during construction, it will create 550 jobs. On completion, it will create 471 jobs. Furthermore, the project comprises a neighborhood activity center, a Woolworths supermarket, as well as medical, health, and fitness tenancies. The Suleman single family office is led by Managing Director Sam Suleman.

Source: The Urban Developer, 03.10.2020
Picture Source: Denise Jans

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