Imperial Capital

Recruiting & interviews

Why this firm

Interview prep

From the inside

Reasons that work in interviews

4 reasons for Imperial Capital

1
Buy-and-build is the strategy rather than an occasional tactic, so you see platforms assembled rather than single acquisitions.
2
Genuinely involved with portfolio companies, which is the difference between understanding an investment and processing one.
3
Juniors can lead projects rather than support them, which is the most credible version of the lean-team argument.
4
A full-time path from the internship exists, which is unusual at a Canadian fund this size and worth confirming.

What candidates report about the interview process

Candidate experiences

Toronto

Offices represented

BSO Pro

Most candidates describe 2 rounds, usually including first round.
One thing a candidate reported being asked: Walk me through a simple paper LBO.

1Analyst · Toronto · Investment BankingCoverage group and deal team, with notes

2First round: two interviews, behavioural and technicalAssociate · Calgary · Energy

3Walk me through the three financial statementsWhy this firm over the other banks you're speaking to

4Superday with four back-to-back conversationsOffer timing and how decisions were communicated

5Coverage group and deal team, with notesAnalyst · Toronto · Investment Banking

Unlock the full insights for Imperial Capital: every round, the topics tested and what candidates experienced

Get BSO Pro

Interview prep

How Imperial Capital hires

How juniors get in

Hires deal-team associates after a few years in investment banking, transaction advisory or another investor; the team page shows no analysts, and no internship or MBA program is published.

Undergrad interns: unclear
New-grad analysts: no
Associates from banking: yes
MBAs: unclear

Green: evidence it does. Struck through: evidence it doesn’t. Dashed: no public evidence either way.

Timeline

Each row is a start season; the bars are when you apply. The track starts this month, so how far right a bar sits is how far off it is.

Portfolio

11 current · 21 realized

Northridge Infrastructure Solutions
Utility services platform maintaining electric transmission and distribution infrastructure for North American utilities; launched by Imperial in 2026.
BusinessTabor City, NCSince 2026
Skyline Roofing Partners
Residential roofing platform partnering with regional roofing companies across the U.S.
ConsumerAtlanta, GASince 2023
Elase Medical Spas
U.S. medical spa platform launched by Imperial in 2022 as Birch Medical Spas and rebranded in 2024.
ConsumerDenver, COSince 2022
Fortis Fire & Safety
Provider of commercial fire protection, life safety and integrated security services built through acquisitions.
BusinessChicago, ILSince 2021
Hera Women's Health
Consolidator of women's health (OB/GYN) physician practices launched by Imperial in 2021.
HealthcareWashington, DCSince 2021
National Pool Partners
Residential and commercial swimming pool cleaning, maintenance and repair services provider.
ConsumerTampa, FLSince 2020
CERTUS
Home services company focused on pest control and swimming pool maintenance for residential and commercial customers.
ConsumerTampa, FLSince 2019
Cultivate Behavioral Health and Education
Provider of Applied Behavior Analysis therapy for children with autism spectrum disorder.
HealthcareAustin, TXSince 2019
GO Car Wash
U.S. car wash operator launched by Imperial in mid-2019.
ConsumerDenver, COSince 2019
Matrix Sciences
Food safety testing laboratories offering microbiology and chemistry analysis to food manufacturers in the U.S. and Canada.
BusinessChicago, ILSince 2017
Gateway Services Inc.
Pet aftercare network of crematories, pet cemeteries and memorial centres serving Canadian and U.S. veterinary clinics; moved to a continuation fund in 2022.
HealthcareGuelph, ONSince 2015

As listed by Imperial Capital on its portfolio page (opens in a new tab) , with years from the firm or official announcements where stated.

People

6 profiles from official biographies and public reporting

Jeffrey Rosenthal
Managing Partner and Co-founder
Managing Partners
Co-founded Imperial Capital in 1989 and has more than 35 years in private equity. He co-leads the firm with Justin MacCormack, focusing on investor relations and fundraising; he led the raises for Funds I through VIII. Schulich MBA.
- Imperial Capital1989–now
Official bio (opens in a new tab)
Photo: imperialcap.com (official) (opens in a new tab)
Justin MacCormack
Managing Partner
Managing Partners
Joined in 2007 from Onex and now co-leads Imperial with Jeffrey Rosenthal. He started the firm's healthcare practice and has led investments as a board member. Ivey MBA; CFA.
- Imperial Capital2007–now
- Onexuntil 2007
Official bio (opens in a new tab)
Photo: imperialcap.com (official) (opens in a new tab)
Josh Kochen
Partner
Deal Team
Helped launch and now leads the Fortis Fire & Safety and GO Car Wash investments. He joined in 2017 from Alignvest Management after working as an M&A associate at RBC Capital Markets. Ivey HBA.
- Imperial Capital2017–now
- Alignvest Managementuntil 2017
- RBC Capital MarketsCurrent
Official bio (opens in a new tab)
Photo: imperialcap.com (official) (opens in a new tab)
Adina Notto
Partner
Deal Team
Leads the Skyline Roofing Partners investment. She joined in 2023 after 13 years at Onex Partners in business services and started her career in investment banking in New York and Toronto. Wharton graduate.
- Imperial Capital2023–now
- Onex Partnersuntil 2023
Official bio (opens in a new tab)
Photo: imperialcap.com (official) (opens in a new tab)
Marko Aleksic
Partner
Deal Team
Leads the Certus Pest investment. He joined Imperial from Onex in 2025. University of Toronto engineering degrees; INSEAD MBA.
- Imperial Capital2025–now
- Onexuntil 2025
Official bio (opens in a new tab)
Photo: imperialcap.com (official) (opens in a new tab)
Ivan Peytchev
Partner
Deal Team
Leads the Elase Medical Spas and Northridge Infrastructure Solutions deals. He joined in 2025 from Brookfield, where he was a Managing Director in private equity. Earlier he spent nearly a decade at Onex Partners and worked in Citigroup's investment banking division. Schulich BBA.
- Imperial Capital2025–now
- Brookfielduntil 2025
- Onex PartnersCurrent
Official bio (opens in a new tab)
Photo: imperialcap.com (official) (opens in a new tab)