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When it comes to pioneers, Patricia Riopel is a perfect example. In 2015, she became the first woman to establish a SF in French-speaking Quebec, partnering with her husband, Enrico Magnani, to form the first couple-led core SF. Two years later, they successfully acquired Scribendi, a Canadian language services and technology company. After leading the development and implementation of proprietary AI tools and spearheading major growth initiatives, they sold the company in 2023 to Japanese Edanz Inc., becoming one of the success stories of the SF ecosystem.
Convinced of the SF model and having proven its effectiveness, they have now decided to support the next generation of searchers. They recently completed the first close of their inaugural fund, Magnum Capital Fund I, raising $8M toward their $20M hard cap target, pioneering Quebec’s first women-led fund specializing in EtA and joining the 6-7 key players in Canada. They have attracted LPs from North America and Europe.
Patricia explained to us: “Having been through all phases of the journey, and with our international experience working in 15 countries, we aim to take a very hands-on approach. For us, mentoring is one of the key factors for success in EtA.” Magnum Capital aims to acquire a portfolio of 20–25 companies, focusing exclusively on North America for now, with an average investment ticket of $750,000 per deal.
The firm has been fully operational for the past twelve months and has already supported a dozen searchers, including Northfield Partners, Spica Capital, Paradosi Partners, Infinite Cake, Third & Jefferson, Belen Partners, Lnkd Capital, Fourth Hill, Luz Capital Partners, and Alpine Vistas Capital. Furthermore, they are proud to back Lisa Hooey, who successfully acquired CRSS last summer, a leading provider of residential and support services for individuals with complex special needs in Ontario.
