Starlight Capital

What Starlight Capital does

Starlight Capital is a Toronto-based Canadian investment management firm and a wholly-owned subsidiary of Starlight Investments. Founded in 2018, the firm offers a diversified product suite of 6 mutual funds, 5 ETFs, and 3 structured products spanning equities, balanced strategies, and real assets (global real estate and global infrastructure). Its investment approach is fundamental and long-term, centered on concentrated portfolios of high-quality businesses with irreplaceable assets that generate rising cash flows, with products designed to deliver tax-efficient monthly distributions.

The firm operates an exclusively Canadian distribution model, selling through licensed financial advisors nationwide via a dedicated regional sales team (Ontario, Quebec, Atlantic Canada, Western Canada), with structured products additionally offered to accredited investors through private placement and TSX-listed preferred units. Revenue is generated primarily through management fees (MER) on assets under management, structured across multiple fund series (A, F, FT6, T6, ETF) to accommodate different advisor compensation models and investor types. The Global Real Assets Trust, the firm's flagship structured product, reached $243.8 million in net assets by Q1 2026 and launched a $50 million Series 1 preferred unit offering on TSX in May 2026.

The business is anchored by an experienced senior leadership team, several of whom previously held senior positions at Sentry Investments, Sprott Asset Management, Fiera Capital, and other Canadian asset managers. Parent company Starlight Investments provides distribution and capital backing, with $30 billion in AUM, 380+ employees, and ownership of over 70,000 multi-residential apartments and more than 7 million square feet of commercial real estate. Strategic emphasis is on real-asset thematic investing — particularly the $106 trillion global infrastructure opportunity — supported by dedicated research and thought leadership content.

Name

Starlight Capital

Legal name

Starlight Investments Capital LP

Website

https://starlightcapital.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Short description

Starlight Capital is a Toronto-based Canadian investment management firm offering mutual funds, ETFs, and structured products in equities and real assets. It distributes exclusively through Canadian financial advisors and charges management fees on AUM, serving retail, accredited, and institutional clients.

Ownership category

akta.pro rank

Product category

Investment Management

NAICS

Portfolio Management and Investment Advice (523940), Open-End Investment Funds (52591)

SIC

Investment Advice (6282)

akta.pro primary industry

Real Estate Portfolio & Fund Management (Institutional/REIT/PE) (BPAJAMAJ)

Keywords

• Mutual fund management
• Exchange-traded funds
• Real assets investing
• Asset management services
• Structured investment products

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Management Fees: Starlight Capital generates revenue primarily through management fees charged on its mutual funds, ETFs, and structured products. Fees are calculated as a percentage of assets under management and include ongoing management expense ratios (MER). The firm offers multiple fund series (A, F, FT6, T6, ETF) with different fee structures to accommodate different investor types and distribution channels.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Starlight Capital is a Canadian investment management firm that sponsors and manages a diversified portfolio of mutual funds, ETFs, and structured products focused on diversified equities and real assets strategies. The firm builds concentrated portfolios of high-quality businesses with irreplaceable assets that generate rising cash flows, offering tax-efficient monthly distributions through Canadian financial advisors and via TSX-listed vehicles. Its product lineup spans six mutual funds, five corresponding ETFs, and three structured product trusts.

Product overview

Starlight Capital offers a diversified portfolio of investment products organized into three main categories: Mutual Funds, ETFs, and Structured Products. The Mutual Funds include six funds spanning equities (Dividend Growth Class, Global Growth Fund, North American Equity Fund, Global Balanced Fund) and real assets (Global Infrastructure Fund, Global Real Estate Fund). The ETF suite provides exchange-traded versions of the core mutual fund strategies for investors seeking liquidity and tradability. The Structured Products include three trusts (Global Real Assets Trust, Tower Development Trust, Unison Acquisition Trust) offering specialized exposure to real assets and alternative investment strategies. The investment approach emphasizes concentrated portfolios of high-quality businesses with irreplaceable assets generating rising cash flows, targeting long-term capital appreciation with tax-efficient monthly distributions.

Differentiator

Problem solved

Functional benefit

Products and services

• Starlight Dividend Growth Class An equity-focused mutual fund designed to provide investors with dividend income and long-term capital growth through exposure to dividend-paying companies.
• Starlight Global Balanced Fund A balanced mutual fund that invests in a mix of global equities and fixed income securities to provide income and capital appreciation.
• Starlight Global Growth Fund A growth-oriented mutual fund focusing on global equities with the objective of long-term capital appreciation.
• Starlight Global Infrastructure Fund A real assets mutual fund providing regular monthly income by investing globally in companies with direct or indirect exposure to infrastructure, including digital infrastructure, power generation, energy transition, transportation, and physical infrastructure sectors.
• Starlight Global Real Estate Fund A real assets mutual fund investing in global real estate securities, targeting income and capital appreciation through exposure to commercial and residential properties.
• Starlight North American Equity Fund An equity mutual fund focused on North American stocks, aiming for long-term capital growth through concentrated portfolios of high-quality businesses.
• Starlight Dividend Growth Class ETF An exchange-traded fund version of the Dividend Growth Class, providing investors with dividend income and growth through a diversified portfolio of dividend-paying equities.
• Starlight Global Growth Fund ETF An ETF version of the Global Growth Fund, offering investors exposure to global equities with a focus on long-term capital appreciation.
• Starlight Global Infrastructure Fund ETF An ETF version of the Global Infrastructure Fund, providing investors with regular monthly income through exposure to global infrastructure-related securities.
• Starlight Global Real Estate Fund ETF An ETF version of the Global Real Estate Fund, offering liquid exposure to global real estate investment trusts and securities.
• Starlight North American Equity Fund ETF An ETF version of the North American Equity Fund, providing investors with exposure to North American equities through an exchange-traded vehicle.
• Global Real Assets Trust A structured product trust providing exposure to global real estate, infrastructure, and diversified equity sectors, with the objective of providing unitholders with cash distributions and long-term capital appreciation. Includes 6.85% Cumulative Redeemable Series 1 Preferred Units listed on TSX under ticker GLRA.PR.A.
• Tower Development Trust A structured product trust focused on development-related investments, providing income and capital growth opportunities.
• Unison Acquisition Trust A structured product trust designed to provide investors with regular distributions and potential for capital appreciation through acquisition-focused strategies.

Quantifiable outcome

• 4.48% distribution yield for Starlight Global Infrastructure Fund Series F with 86.8% treated as return of capital for tax purposes
• +3 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core and flagship.

• CIBC World Markets Inc.coreChannel Partner/ Reseller/ Distributor · 21 May 2026Lead agent in the syndicate for Global Real Assets Trust preferred unit offering. CIBC World Markets led the distribution of 2,000,000 Preferred Units at $25.00 per unit, raising gross proceeds of $50 million.
• National Bank Financial Inc.coreChannel Partner/ Reseller/ Distributor · 21 May 2026Part of the syndicate of agents for Global Real Assets Trust preferred unit offering. National Bank Financial participated in the $50 million preferred unit offering as a distributing agent.
• Scotia Capital Inc.coreChannel Partner/ Reseller/ Distributor · 21 May 2026Part of the syndicate of agents for Global Real Assets Trust preferred unit offering. Scotia Capital participated in the $50 million preferred unit offering as a distributing agent.
• Starlight InvestmentsflagshipOthersStarlight Capital is a wholly-owned subsidiary of Starlight Investments, a global leader in real estate investment and asset management with $30 billion in assets under management, 380+ employees, and ownership/development/management of 70,000+ apartments and 7M+ sq ft commercial space.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Fiera Capital: Independent Canadian multi-affiliate asset manager offering mutual funds, ETFs, and alternative strategies across equities, fixed income, and real assets. Directly comparable in distribution model, product breadth, and advisor-channel focus; Lou Russo previously held SVP Retail Markets at Fiera.
• Picton Mahoney Asset Management: Toronto-based independent asset manager offering equity and alternative mutual funds/ETFs through financial advisors. Closely comparable boutique scale, advisor-led GTM, and product mix; Sabrina Teed came to Starlight from Picton Mahoney's business development team.
• Dynamic Funds (1832 Asset Management): Canadian investment manager offering mutual funds and ETFs distributed primarily through financial advisors. Directly comparable product set and channel focus; Lou Russo previously held leadership at Dynamic Funds.
• Sprott Asset Management: Toronto-based alternative-focused asset manager with mutual funds, ETFs, and private strategies. Overlapping real-asset and equity-income strategies plus shared leadership lineage (Dennis Mitchell and Kristen Wallace both came from Sprott).

Broad incumbents

• CI Global Asset Management (CI Investments): One of Canada's largest asset managers with a broad mutual fund, ETF, and institutional platform. Comparable on advisor distribution and product depth; Harry Tashakori and Marco Drumonde previously worked at CI, and the firm competes head-to-head on Canadian shelf space.
• BMO Global Asset Management (BMO GAM): Major Canadian asset manager with extensive ETF (BMO ETFs) and mutual fund shelf distributed via advisor channels. Competes with Starlight's ETFs for retail advisor shelf space and institutional real-asset mandates.
• BlackRock Canada (iShares): Dominant global ETF provider with a large Canadian-listed iShares lineup. Sets the pricing benchmark Starlight's newer ETFs must compete against, especially in global equity and infrastructure categories.
• Vanguard Investments Canada: Low-cost ETF and mutual fund provider with deep Canadian advisor penetration. Represents the principal fee-pressure incumbent for Starlight's broad-equity ETF offerings.
• RBC Global Asset Management (RBC GAM): One of Canada's largest institutional and retail asset managers with extensive ETF (RBC iShares equivalent) and mutual fund offerings. RBC Investor & Treasury Services is also Starlight Capital's transaction-processing partner, indicating operational overlap.

Emerging players

• Stone Asset Management: Smaller Canadian boutique asset manager offering equity and fixed-income funds distributed via advisors. Comparable scale and channel; Harry Tashakori previously worked at Stone as a research analyst.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/starlightcapital

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Starlight Capital