MacNicol Emergence Fund

The investment objective of the Emergence Fund is to generate capital gains by investing in a portfolio of privately held companies. The primary objective of the Emergence Fund is to seek investments in small companies which are not widely followed by research analysts or investors. The Fund seeks opportunities where capital exit strategies are clearly defined, and are likely to occur within a three-year time frame.

  • Invest in private companies
  • Equity
  • Convertible debt
  • Warrants
  • Objective of capital gains and moderate income
  • Returns independent of stock market
  • Investments made directly and thru Private Equity Managers
  • Minimum investment > $50m for Accredited Investors

*As of June 30, 2018*

“I have been with MacNicol & Associates for the last 7 years [since 2007] and can, without reservation, attest to the capability of this firm. The market has been through some peaks and valleys, but David and his staff have always remained solid and innovative. I am very pleased with the returns on my portfolio, but more importantly value David's transparency and regular communication with me. No major moves are done without explanation first and my consent. Portfolio status and strategy are reviewed on a regular basis. The associate staff has always been very responsive and easy to deal with.


I am not in the financial field and and this means that I essentially have to put my trust in this firm. I didn't simply hand over my trust however..They have earned it”.

– Dr. T.M.
2016-10-04T17:58:14+00:00
“I have been with MacNicol & Associates for the last 7 years [since 2007] and can, without reservation, attest to the capability of this firm. The market has been through some peaks and valleys, but David and his staff have always remained solid and innovative. I am very pleased with the returns on my portfolio, but more importantly value David's transparency and regular communication with me. No major moves are done without explanation first and my consent. Portfolio status and strategy are reviewed on a regular basis. The associate staff has always been very responsive and easy to deal with. I am not in the financial field and and this means that I essentially have to put my trust in this firm. I didn't simply hand over my trust however..They have earned it”. – Dr. T.M.

"Proactive in the markets, responsive to our needs - an asset to all 3 generations of our family".


– Ms. H.B.
2016-10-04T17:59:07+00:00
"Proactive in the markets, responsive to our needs - an asset to all 3 generations of our family". – Ms. H.B.

“Thank you for your recent advice concerning my personal financial matters. Since I have been a client of MacNicol & Associates (2001) you have assisted me with not only my investments but also other personal financial matters. David, it is very comforting knowing that you always have my best interest at the forefront of your decision making. Thank you for your personal attention”.


— Mrs. P.S.
2014-02-18T00:40:40+00:00
“Thank you for your recent advice concerning my personal financial matters. Since I have been a client of MacNicol & Associates (2001) you have assisted me with not only my investments but also other personal financial matters. David, it is very comforting knowing that you always have my best interest at the forefront of your decision making. Thank you for your personal attention”. — Mrs. P.S.

"MacNicol & Associates Asset Management is a firm that offers the best of Bay Street. Dave MacNicol is both exceedingly well-informed and exceedingly well-mannered, two equally important qualities when it comes to the matter of personal finance."


- Ms. A.P.
2016-10-04T17:59:45+00:00
"MacNicol & Associates Asset Management is a firm that offers the best of Bay Street. Dave MacNicol is both exceedingly well-informed and exceedingly well-mannered, two equally important qualities when it comes to the matter of personal finance." - Ms. A.P.

“At your recent presentation… I was able to speak with a small number of MacNicol clients, all of which spoke glowingly of this company”.


— Mr. A.B.
2014-02-18T00:41:28+00:00
“At your recent presentation… I was able to speak with a small number of MacNicol clients, all of which spoke glowingly of this company”. — Mr. A.B.

“I have been a client of David MacNicol and his team for years. The return on my investments has been excellent even in turbulent times. Their entire team is very approachable if any questions I have arise. Also I am constantly kept up to date on what is happening with the markets with emails, phone calls, seminars and other presentations.


I would highly recommend MacNicol & Associates Assest Management team to anyone interested in investing for their future or short term”.

– Dr. P.D.
2016-10-04T17:58:42+00:00
“I have been a client of David MacNicol and his team for years. The return on my investments has been excellent even in turbulent times. Their entire team is very approachable if any questions I have arise. Also I am constantly kept up to date on what is happening with the markets with emails, phone calls, seminars and other presentations. I would highly recommend MacNicol & Associates Assest Management team to anyone interested in investing for their future or short term”. – Dr. P.D.