
Paul Tershakowec
Senior Investment Manager
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- Full Name
- Paul A. Tershakowec, MA, CFA
- Title
- Investment Director
- Firm
- Dancap Family Investment Office (Dancap Private Equity Inc.)
- Firm Type
- Single-family office / multi-asset private investment office
- Investment Stage
- Established, profitable private companies (buyout, growth, secondaries) via direct, co-, and fund investments — not early-stage/seed
- Check Size
- Direct investments typically $1M–$5M; up to ~$10M per third-party fund commitment
- Target Company Profile
- Companies with a minimum ~$10M in current revenue, 3+ years of profitability, an established management team, and a North American headquarters
- Sector Focus
- Sector-agnostic across buyout, growth equity, secondaries, infrastructure, and distressed; also real estate, private debt, hedge funds, and public equities
- Geographic Focus
- Global portfolio with a primary focus on the United States (and North America broadly)
- Location
- Toronto, Ontario, Canada
Background
Paul Tershakowec is the Investment Director at the Dancap Family Investment Office, the Toronto-based single-family office founded in 2000 by Aubrey Dan (with Elias Toby) to build and actively manage a globally diversified investment portfolio. Tershakowec joined Dancap in 2013 and has progressed through roles of increasing responsibility — from senior investment analyst to Manager, Investment, and now Director, Investment. In his current role he manages members of the investment team, evaluates new opportunities across asset classes, and monitors the firm's existing portfolio.
Before Dancap, Tershakowec worked as a Trader and Research Analyst at Arrow Capital Management Inc., where he covered a managed-futures and equities portfolio spanning equity indices, commodities, and financial and technology stocks. Earlier he served as a Portfolio Risk Specialist at CIBC and as an Economist with the Federal Government of Canada.
He holds a Master's degree in Economics from the University of Waterloo — his graduate research examined low interest rates and the role of government policy in the 2007 sub-prime crisis — and is a CFA Charterholder.
It's worth flagging that the underlying stub data ("Angel Investors," "Senior Investment Manager," "Seed Round") does not match the verified public record. Tershakowec is an Investment Director at a single-family office that concentrates on established, cash-flow-positive businesses and experienced fund managers rather than seed-stage angel deals. The profile below reflects the firm's actual mandate.
Investment Thesis & Focus
- Dancap invests across the capital structure and asset classes: private equity, real estate, private debt, hedge funds, and public equities, with a stated aim to "maximize returns, while managing downside risk and maintaining sufficient liquidity."
- Allocates roughly 35%–45% of the overall portfolio to private equity, deployed through three channels: third-party funds, co-investments, and direct investments.
- Funds: targets managers raising $500M–$2B, investing up to ~$10M per fund, across buyout, secondary, growth equity, infrastructure, and distressed strategies.
- Direct investments: typical check of $1M–$5M into companies with a minimum ~$10M in revenue, 3+ years of profitability, an established management team, and a North American HQ; Dancap will sometimes take a board seat or observer role.
- Prefers partnering with "established Asset Managers that have expertise in their respective strategy with a long track record of repeated success," expecting quarterly reporting and transparency.
- Explicitly long-term and "intergenerational" in orientation, with a primary geographic focus on U.S. opportunities.
Notable Investments
- Synagro — organic-waste/biosolids management company; a Dancap portfolio holding that was acquired.
- VWR International — global lab-supply and distribution company; a portfolio holding that exited via acquisition.
- IOU Financial — small-business lender; a portfolio holding that was acquired.
- Sonceto Apartments (Kissimmee, FL) — a ~$3M direct real estate investment (June 2024) in a 296-unit luxury multifamily property, illustrating the firm's direct-deal style.
- Broader private equity book spans 80+ investments; overall Dancap portfolio activity includes 1 IPO and 6 acquisitions per third-party trackers. (Individual company names are largely not disclosed publicly.)
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