KingSett Capital

What KingSett Capital does

KingSett Capital is a Toronto-headquartered Canadian private equity real estate investment firm founded in 2002 by Jon Love. The firm manages $19.5 billion in assets across equity, credit, and mortgage strategies and has executed more than $55 billion in transactions since inception. It operates through six investment strategies—the Canadian Real Estate Income Fund (CREIF) for core income, Growth Funds (currently KingSett Real Estate Growth LP No. 8) for value-add and opportunistic investing, a Senior Mortgage Fund, a High Yield Fund, an Affordable Housing Fund, and a Residential Development Fund—plus bespoke equity and credit solutions for institutional partners.

The firm is organized around three client-facing pillars: investing on behalf of institutional investors (pension funds, insurance, endowments, sovereign wealth, and family offices), lending to Canadian real estate borrowers via the wholly-owned KingSett Mortgage Corporation (conventional and CMHC-insured financing, $28B in cumulative loan commitments), and partnering with real estate operators and developers through co-investment and joint venture structures. Geographic operations span Toronto, Montreal, and Vancouver with a Canadian-only mandate. Revenue is generated through management fees on AUM, performance fees (carried interest), mortgage interest and origination fees, and transaction/advisory fees on acquisitions, dispositions, and joint ventures.

The firm is led by CEO Rob Kumer (since November 2023) with Jon Love as Executive Chair, supported by a specialized C-suite including a CIO, Chief Capital Officer, and Chief Asset Management Officer. KingSett has invested in portfolio-wide sustainability infrastructure (GRESB #1 Global 2022, SmartScore Gold at Scotia Plaza, first Canadian WiredScore Portfolio landlord, Zero Carbon Building Performance certifications, RHFAC accessibility certifications) and is the announced co-acquirer of First Capital REIT for approximately CAD 9.4 billion alongside Choice Properties REIT.

Name

KingSett Capital

Legal name

KingSett Capital Inc.

Website

https://kingsettcapital.com

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

101–250 employees

Short description

KingSett Capital is a Toronto-based Canadian private equity real estate investment firm managing $19.5B AUM across equity, credit, and mortgage strategies. Founded in 2002, the firm serves institutional investors and real estate borrowers with bespoke investment, financing, and joint venture solutions.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Investment Management

NAICS

Portfolio Management and Investment Advice (523940), Other Investment Pools and Funds (5259), All Other Financial Investment Activities (52399), Funds, Trusts, and Other Financial Vehicles (525), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Real Estate Dealers (For Their Own Account) (6532), Investment Advice (6282), Real Estate Agents & Managers (For Others) (6531), Investors, Nec (6799)

akta.pro primary industry

Core Real Estate (Stabilized/Core-Plus) (FSAAAKAA)

akta.pro secondary industries

Real Estate Funds — Core (Stabilized, Income) (FSANAEAF), Real Estate Funds — Core-Plus (FSANAEAG), Balance-Sheet / Portfolio CRE Lending (FSALADAG), Real Estate Private Credit (CRE Debt) (FSANADAG), Commercial Real Estate Asset Management (BPAJAMAB)

Keywords

• Private equity real estate
• Commercial real estate investment
• Real estate asset management
• Mortgage lending solutions
• Institutional real estate funds

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations

Revenue model

1. Fund Management Fees: Management fees charged on funds under administration. Recurring revenue stream based on assets under management.
2. Performance Fees (Carried Interest): Performance-based carried interest from fund investments. Incentive fee structure aligned with investment returns.
3. Mortgage Lending Income: Interest income and fees from mortgage lending operations through KingSett Mortgage Corporation. Provides conventional and CMHC-insured financing solutions.
4. Transaction and Advisory Fees: Fees earned from structuring and executing real estate transactions, including acquisitions, dispositions, and joint ventures.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

KingSett Capital is a Canadian private equity real estate investment firm that creates value through a broad portfolio of custom real estate investments, financing solutions, and asset classes. The firm manages multiple fund strategies including the Canadian Real Estate Income Fund (CREIF) for core income generation, Growth Funds for value-add and opportunistic investments, Senior and High Yield Mortgage Funds, an Affordable Housing Fund, and a Residential Development Fund. Through KingSett Mortgage Corporation, it also provides conventional and CMHC-insured mortgage financing for Canadian real estate borrowers.

Product overview

KingSett Capital operates as a private equity real estate investment firm offering a comprehensive platform of investment strategies and financing solutions. The core offering consists of multiple fund products including the Canadian Real Estate Income Fund (CREIF) for core income generation, Growth Funds (KingSett Real Estate Growth LP series) for value-add and opportunistic investments, and specialized mortgage funds (Senior Mortgage Fund and High Yield Fund) for debt strategies. The firm also offers targeted strategies through its Affordable Housing Fund and Residential Development Fund. On the financing side, KingSett provides Conventional Mortgages and CMHC-Insured Mortgages for borrowers. The platform is unified by its 'Bespoke Real Estate Solutions' service that creates tailored investment solutions for institutional and individual investors seeking exposure to Canadian commercial real estate through equity or credit strategies across all property types and markets.

Differentiator

Problem solved

Functional benefit

Brands

• KingSett Real Estate Growth LP No. 8: Current vintage of the firm's flagship fund series with flexibility to invest in all real estate asset types across the entire capital stack.
• Canadian Real Estate Income Fund (CREIF)

Products and services

• Canadian Real Estate Income Fund (CREIF) Core income fund providing institutional and individual investors with diversified exposure to Canadian commercial properties with a focus on sustainable returns. Targeted at investors seeking stable, long-term core real estate income.
• Growth Funds (KingSett Real Estate Growth LP Series) Series of flagship value-add and opportunistic real estate funds with flexibility to invest across all asset types and the entire capital stack. The series has collectively executed over $38 billion in transactions since 2002. Targeted at institutional and high-net-worth investors seeking diversified Canadian real estate exposure.
• Senior Mortgage Fund Mortgage investment strategy providing senior secured financing solutions for Canadian real estate borrowers. Targets institutional and accredited investors seeking real estate debt exposure with lower-risk senior positions.
• High Yield Fund Higher-yielding mortgage investment strategy targeting enhanced returns through subordinate debt positions in Canadian real estate. Targets institutional and accredited investors seeking higher-yield real estate debt exposure.
• Affordable Housing Fund Investment strategy focused on developing and owning affordable housing properties across Canada, supporting sustainable communities. Targeted at institutional investors seeking social impact alongside financial returns.
• Residential Development Fund Investment vehicle for residential development projects, including purpose-built rental and multi-residential properties in Canada. Targeted at institutional investors seeking exposure to Canadian residential development.
• Conventional Mortgages Standard mortgage financing solutions for Canadian real estate borrowers at competitive rates with flexible structures. Delivered through the wholly-owned KingSett Mortgage Corporation subsidiary. Targeted at real estate developers and owners seeking acquisition, development, and refinancing financing.
• CMHC-Insured Mortgages Canada Mortgage and Housing Corporation insured mortgage products offering reduced risk and competitive terms for eligible borrowers. Delivered through KingSett Mortgage Corporation. Targeted at real estate borrowers seeking insured financing solutions.
• Bespoke Real Estate Solutions Customized real estate investment and partnership solutions tailored to specific investor needs, offering exposure through equity or credit strategies across all property types and Canadian markets. Targeted at institutional partners, family offices, and real estate operators seeking bespoke structures for joint ventures, co-investments, and large-scale transactions.

Quantifiable outcome

• $19.5 billion in assets under management
• +4 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Four partnerships are on record, tiered flagship, core and minor.

• Choice Properties REITflagshipStrategic or Co-development PartnerJoint acquisition of First Capital REIT in a landmark $9.4 billion transaction. One of Canada's largest-ever real estate transactions combining three major REITs.
• Det'on Cho CapitalcoreStrategic or Co-development PartnerJoint ownership partnership with Det'on Cho Capital for the Precambrian and Gallery office towers in Yellowknife. Indigenous economic development partnership.
• Oliver & Bonacini (O&B)minorStrategic or Co-development PartnerPartnership with O&B for SixtyEight premium amenity space at Scotia Plaza. Fine dining and hospitality collaboration for commercial tenants.
• GreenwinminorStrategic or Co-development PartnerJoint venture with Greenwin for mixed-use housing project at 50 Wilson Heights Blvd. Development partnership for residential development.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• QuadReal Property Group: Pension-backed Canadian CRE investment manager (BC Investment Management Corporation subsidiary); directly comparable to KingSett in multi-strategy equity/credit approach and pension-funded LP model.
• Oxford Properties: Canadian-headquartered global real estate investor and developer (and former employer of KingSett founder Jon Love); directly comparable in Canadian core/development focus, institutional ownership model, and office-led portfolio strategy.
• Crestpoint Real Estate Investments: Canadian CRE investment manager (Institutional Mortgage Capital Canada affiliate) with debt and equity strategies; directly comparable to KingSett and already a co-investment partner on Arthur Erickson Place.
• Choice Properties REIT: Canadian retail-focused REIT currently partnering with KingSett on the $9.4B First Capital acquisition; directly comparable as a Canadian retail/real estate capital partner with overlapping investor and tenant relationships.
• Bentall GreenOak (BGO): Global real estate investment manager with strong Canadian presence offering equity, debt, and advisory solutions; directly comparable to KingSett across the equity-credit spectrum and Canadian institutional client base.
• Ivanhoé Cambridge: Real estate investment arm of CDPQ and one of Canada's largest institutional CRE investors; directly comparable to KingSett in fund structure, multi-strategy mandate, and Canadian institutional LP base.

Broad incumbents

• TPG Real Estate Partners: Global alternative asset manager's real estate platform; comparable to KingSett in deploying multi-strategy equity and credit capital across real estate, though primarily operating in U.S. and European markets.
• Manulife Investment Management (Real Estate): Real estate arm of Manulife managing multi-strategy CRE mandates globally; comparable to KingSett in offering core, value-add, and debt strategies through a Canadian-headquartered platform, though broader in scale and product range.
• Cadillac Fairview: Major Canadian institutional CRE owner/operator (CPP Investments subsidiary) with office, retail, and mixed-use portfolio; overlaps with KingSett in office and retail asset classes and institutional capital deployment in Canada.
• Brookfield Asset Management: Toronto-headquartered alternative asset manager with one of the world's largest real estate platforms; directly comparable to KingSett as a Canadian-headquartered CRE investment manager operating at significantly larger scale across equity and credit.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCtqWQyXUslkPySR0i0wluBA
• LinkedInlinkedin.com/company/kingsett-capital
• Xx.com/kingsettcapital

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments3 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about KingSett Capital