Innocap Investment Advisers, Llc.
- Regulatory AUM
- $2.7B
- Discretionary
- $2.7B
- Clients
- 13
- Avg AUM / client
- $209M
- Accounts
- 13
- Employees
- 8
AUM over time
Annual snapshots from Form ADV filings · as of Apr 28, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Other | 13 | $2.7B | 100.0% |
People (4)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Rivard, Francois | Majority Owner Of 10313157 Canada Inc. | Aug 2022 (4y) | ≈ 7.03% – 37.5% via 10313157 Canada, Inc. | |
| Kestler, Joshua, David | President | Feb 2023 (4y) | Less than 5% | |
| Lapkin, Andrew, Scott | Chief Operating Officer | Feb 2023 (4y) | Less than 5% | |
| Heiss, Stuart, Jason | Chief Compliance Officer | Nov 2024 (2y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Hedgemark International, Llc. | Owner | Feb 2023 | A | 75% or more |
| Innocap Investment Management Inc. | Majority Owner Of Iim Smile Acquisition Corp. | Aug 2022 | B | ≈ 56.25% – 100% via Hedgemark International, Llc. |
| Caisse De Depot Et Placement Du Quebec | 100% Owner Of Cdp Investissements Inc. | Aug 2022 | B | ≈ 10.55% – 50% via Cdp Investissements Inc. |
| Iim Smile Aquisition Corp. | Majority Owner Of Hedgemark International, Llc | Aug 2022 | B | ≈ 56.25% – 100% via Hedgemark International, Llc. |
| Cdp Investissements Inc. | 33% Owners Of Innocap Investment Management Inc. | Aug 2022 | B | ≈ 14.06% – 50% via Innocap Investment Management Inc. |
| 10313157 Canada, Inc. | 30% Owners Of Innocap Investment Management Inc. | Aug 2022 | B | ≈ 14.06% – 50% via Innocap Investment Management Inc. |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Rivard, Francois: 50% – 75% of 10313157 Canada, Inc. × 25% – 50% of Innocap Investment Management Inc. × 75% – 100% of Hedgemark International, Llc. × 75% – 100% direct ≈ 7.03% – 37.5% of the firm
- Innocap Investment Management Inc.: 75% – 100% of Hedgemark International, Llc. × 75% – 100% direct ≈ 56.25% – 100% of the firm
- Caisse De Depot Et Placement Du Quebec: 75% – 100% of Cdp Investissements Inc. × 25% – 50% of Innocap Investment Management Inc. × 75% – 100% of Hedgemark International, Llc. × 75% – 100% direct ≈ 10.55% – 50% of the firm
- Iim Smile Aquisition Corp.: 75% – 100% of Hedgemark International, Llc. × 75% – 100% direct ≈ 56.25% – 100% of the firm
- Cdp Investissements Inc.: 25% – 50% of Innocap Investment Management Inc. × 75% – 100% of Hedgemark International, Llc. × 75% – 100% direct ≈ 14.06% – 50% of the firm
- 10313157 Canada, Inc.: 25% – 50% of Innocap Investment Management Inc. × 75% – 100% of Hedgemark International, Llc. × 75% – 100% direct ≈ 14.06% – 50% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 04/28/2026 | 1.17 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
Allegations: CAISSE DE DEPOT ET PLACEMENT DU QUEBEC WAS FINED TOGETHER WITH THE OTHER NOTIFYING PARTIES BY THE UKRAINIAN COMPETITION AUTHORITY (EUR 2,840) FOR HAVING FILED A PRE-MERGER NOTIFICATION POST CLOSING INSTEAD OF PRE-CLOSING, HAVING RELIED IN GOOD FAITH ON AN ANALYSIS SETTING THE UKRAINIAN TURNOVER OF THE TARGET BELOW THE THRESHOLD TRIGGERING A PRE-MERGER NOTIFICATION. Status: Final Sanction Detail: CAISSE DE DEPOT ET PLACEMENT DU QUEBEC WAS FINED TOGETHER WITH THE OTHER NOTIFYING PARTIES BY THE UKRAINIAN COMPETITION AUTHORITY (EUR 2,840) FOR HAVING FILED A PRE-MERGER NOTIFICATION POST CLOSING INSTEAD OF PRE-CLOSING, HAVING RELIED IN GOOD FAITH ON AN ANALYSIS SETTING THE UKRAINIAN TURNOVER OF THE TARGET BELOW THE THRESHOLD TRIGGERING A PRE-MERGER NOTIFICATION. Summary: CAISSE DE DEPOT ET PLACEMENT DU QUEBEC WAS FINED TOGETHER WITH THE OTHER NOTIFYING PARTIES BY THE UKRAINIAN COMPETITION AUTHORITY (EUR 2,840) FOR HAVING FILED A PRE-MERGER NOTIFICATION POST CLOSING INSTEAD OF PRE-CLOSING, HAVING RELIED IN GOOD FAITH ON AN ANALYSIS SETTING THE UKRAINIAN TURNOVER OF THE TARGET BELOW THE THRESHOLD TRIGGERING A PRE-MERGER NOTIFICATION.
Disclosure text reproduced verbatim from the firm's own Form ADV filings.
How they charge
- • Percentage of assets under management
- • Fixed fees
Services
- • Portfolio management for businesses/institutional clients
- • Selection of other advisers
Custody
Firm reports having custody of client funds or securities (Item 9.A).
No custodian data reported or mined yet.
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Apr 28, 2026.
View current Form ADV (SEC/IAPD) ↗