On February 1, 2024, Norea Capital Inc. announced the launch of Capital Norea II, L.P., a Canadian private equity fund with an initial capitalization of CAD 300 million. The fund focuses on supporting mid-sized private companies across Canada in sectors such as succession planning, growth and acquisition, digital transformation, and energy transition.

Groupe Familles d’Affaires Invest L.P., a consortium of business-owning families based in Montreal, served as the lead investor, contributing over CAD 100 million. Other significant investors include Investissement Québec, which committed CAD 45 million, and National Bank of Canada. The fund remains open to new investors until June 22, 2024.