Focused on a New Wave of Growth

NWC Focus

Identify Growth Opportunities Within Private Companies That Operate In Mature And Stable Industries

NWC Approach

Form Long-Lasting Active Partnerships, Provide Strong Financial And Strategic Support That Will Result In Long-Term Success

NWC Portfolio

Portofino Bakery  

Description: Commercial bakery producing fresh, never frozen, artisan-style bread, cakes & cookies

Location: Victoria, British Columbia

Year of Investment: 2019

Head Office Address:

2 St Clair Ave West 
Suite 1301 (Floor 12A)

Toronto, ON M4V 1L5

Phone Number:

(647) 727-8874


Nicolas Mulroney: x700

Cameron Loree: x701


Nicolas Mulroney

Founder & Managing Partner

Nicolas founded Northern Waters Capital in 2018 with a goal to create a vehicle that identifies and invests in mid-market private companies that exhibit significant growth characteristics. 

Prior to Northern Waters Capital, Nicolas was responsible for Mergers & Acquisitions at Park Lawn Corporation (TSX:PLC). Nicolas has previously worked in investment banking at CIBC Capital Markets in the diversified industries group as well as within the Bank's institutional equity sales division. In addition, Nicolas worked for RBC Capital Markets as a foreign exchange trader. 


Nicolas has an M.B.A. from the Rotman School of Management at the University of Toronto & B.A. from Boston College. 


Cameron Loree


Cameron joined Northern Waters Capital in February 2019. Prior to joining, Cameron spent over three years in the investment banking division at CIBC Capital Markets in the Consumer, Industrials & Telecommunications group most recently as a Director where he worked on several mergers & acquisitions, equity and debt financings. In addition, Cameron worked at a boutique investment firm in Institutional Equity Sales.  


Cameron has an M.B.A. from the Rotman School of Management at the University of Toronto & Bachelor of Commerce from McGill University.