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Marcel Larochelle
Managing Partner, Financial Services at Novacap · Montreal
Active now
Check size
Undisclosed
Lead stage
Growth Equity
Deals tracked
11
Sectors
Specialty Insurance and Distribution, Asset and Wealth Management
Specialty Insurance and Distribution Asset and Wealth Management Alternative Lending Financial Infrastructure Financial services Insurance Growth Equity Growth equity Buyout
Canada North America

About Marcel
Marcel Larochelle is an Executive Officer and Director with experience in institutional investment and corporate governance. Limited public information is available regarding his specific firm affiliation, investment stage focus, or sector specialization
Investment thesis
Partners with financial-services companies through growth equity and operational expertise.
Novacap Financial Services I invests in mid-market financial services companies across North America with a focus on Canada. The fund targets four key segments: specialty insurance and distribution, asset and wealth management, alternative lending, and financial infrastructure. Marcel Larochelle, as Managing Partner, leverages his 35+ years of financial services industry experience to deploy capital in support of organic growth initiatives and strategic acquisitions within these segments
Investment philosophy
Marcel Larochelle describes his approach as combining capital with deep industry experience to help financial-services companies achieve their vision. His profile emphasizes long-term relationships, value creation, innovation, and growth, and Novacap describes him as a seasoned executive with more than 35 years in the industry.
Recent activity
2019 Specialty insurance and MGA platform; Marcel Larochelle is Chairman
2023 Leading actuarial consulting firm; Marcel Larochelle is Chairman
2024 Damage insurance brokerage; Marcel Larochelle is Board member
Jun 2026 Filed Form D — Investment vehicle · $0 raised
Live platform data · proprietary, citable layer
Notable portfolio
Revau Lewis & Ellis Consilium Insurance AGA Benefit Solutions Optiom Ratehub.ca Lewis & Ellis, LLC
How to approach Marcel
Partnership-led — Works closely with management teams to build long-term value.
Growth equity — Provides capital and expertise to support scaling financial-services businesses.
Industry specialist — Focused on financial services, drawing on senior operating experience.

Frequently asked
Does Marcel Larochelle invest at Growth Equity stage?
Yes. They invest at Growth Equity, Growth equity, Buyout stage. Their geographic focus includes Canada, North America.
What is their typical check size?
Check size is not publicly disclosed. They currently invest through Novacap.
What sectors does Marcel Larochelle focus on?
Marcel Larochelle primarily invests in Specialty Insurance and Distribution, Asset and Wealth Management, Alternative Lending, Financial Infrastructure.
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