>20 investments in SMEs
80+ entrepreneurs backed
4 NovEtA vintages
12 countries active

Since 2008, Novadvice has backed 80+ entrepreneurs and completed more than 20 investments
across Europe and North America. Through our NovEtA strategy, we invest in profitable SMEs led
by experienced operators — creating durable value for entrepreneurs, employees, and investors
alike.
NovEtA — Entrepreneurship Through Acquisition
NovEtA is our dedicated ETA and search fund investment strategy, active across Europe and North America since 2020. We back exceptional operators to acquire and lead profitable SMEs, providing capital, active governance, and hands-on board support from the search phase through acquisition to exit.
What we do

Novadvice identifies, backs, and supports experienced entrepreneurs —mid-career professionals with 10+ years of professional experience — as they acquire and lead established SMEs. Investments are made through structured NovEtA vintages, complemented by governance and board expertise from our proprietary Directorship Office, and by an operational presence that runs from search to exit.
How you can invest with us
Novadvice's NovEtA strategy is open to qualified investors — family offices, HNWIs, and institutional LPs — through successive Luxembourg-domiciled vintages. Each vintage follows the same structure and investment discipline.
Fund Type
Luxembourg SCSp
Yearly Audits
The fund is audited annually.
Fund Term
5 years from the final closing, extendable by two successive 1-year extensions.
Fund Size
Hard cap of €20 million per vintage.
Minimum Investment Ticket
€200,000.
Funding Approach
100% drawdown at subscription (no capital calls).
Management Fee
2% per annum on committed capital.
Preferred Return (Hurdle Rate)
8% per annum, compounded on unreturned capital.
Carried Interest
20% carried interest on returns above the 8% preferred return, with a catch-up provision.
NovEtA Vintages
Novadvice has launched 4 NovEtA vintages since 2020, each focused on a specific geography and
phase of the ETA cycle.
Portfolio Companies
Explore a selection of companies backed through Novadvice's investment strategies, spanning multiple industries and geographies with a focus on long-term value creation.
Medical Devices
Developer and distributor of specialized medical devices supporting hospitals and healthcare providers across Europe.
EcoBuild Materials
Supplier of sustainable construction materials focused on reducing environmental impact while maintaining high performance.
HarborTech Systems
Technology-enabled business delivering automation and digital infrastructure solutions for mid-market enterprises.
Manufacturing Group
Manufacturer of precision-engineered components serving industrial, automotive, and energy sectors across Europe.
Business Systems
B2B software provider helping small and mid-sized enterprises improve financial operations, reporting, and workflow automation.
Alpine Facility Services
Facilities management company delivering integrated maintenance, technical services, and energy-efficient building solutions.
NorthBridge Logistics
Provider of supply chain and logistics solutions serving manufacturers and distributors across North America.
Atlas Industrial Solutions
Industrial services company specializing in maintenance, engineering support, and operational efficiency for manufacturing businesses.

Marea — Alternative Investment Platform in Mexico
a deep local network. Novadvice's managing partners — Marc Michiels, María Pardo, and Adrian Carniol — sit on Marea's board as directors and advisors, providing institutional discipline and long-term partnership.
Beyond NovEtA — Other Investments
Beyond NovEtA, Novadvice has developed complementary investment activities that reflect our broader 15+ years of alternative investment experience.
Real Estate
Novadvice's Real Estate activity invests in multifamily residential developments in the United States, partnering with local operators to build income-producing residential portfolios in high-growth markets — with a focus on Florida and the broader Southeast.
NVC — Novadvice Venture Capital
NVC — Novadvice Venture Capital — invests in early-stage innovative companies tackling sustainability challenges across Europe, North America, and Latin America. Focused on ClimateTech, Circularity, Energy, and PropTech, NVC combines venture capital discipline with a
positive-impact mandate aligned with the UN's principles of responsible investments.
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Invest with Novadvice
Novadvice's investor base includes family offices, HNWIs, and institutional LPs. Each NovEtA vintage is open to qualified investors — with no capital calls, transparent reporting, and full alignment with the Novadvice team. To discuss a potential allocation, get in touch with our team.





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