KingSett Capital Inc.

What KingSett Capital Inc. does

KingSett Capital Inc. is a Canadian private equity real estate investment firm founded in 2002 by Jon Love and headquartered in Toronto, with offices in Montreal and Vancouver and a 170+ employee team. The firm manages $19.5 billion in assets under management and has executed more than $55 billion in real estate transactions across its history. It invests through multiple fund vehicles, including the Canadian Real Estate Income Fund (CREIF), Growth Funds, the Senior Mortgage Fund, the High Yield Fund, the Affordable Housing Fund, and the Residential Development Fund, alongside a regulated mortgage origination subsidiary (KingSett Mortgage Corporation) that has arranged over $28 billion in loan commitments and originates both conventional and CMHC-insured mortgages. The firm also offers bespoke real estate solutions to clients requiring structured or partnership capital.

KingSett serves a primarily institutional client base — Canadian pension plans, sovereign wealth funds, and family offices — as well as ultra-high-net-worth individuals. Revenue is generated through management fees and carried interest on the fund vehicles, net interest income from mortgage origination and securitization, and bespoke advisory and co-investment mandates. Long-dated strategic partnerships, including with Choice Properties REIT, University Pension Plan (UPP) for industrial real estate, the Canada Infrastructure Bank (CIB) on sustainability-linked initiatives, and Det'on Cho in the Northwest Territories, provide recurring deal flow and capital alignment. In April 2024 KingSett acquired First Capital REIT in a transaction valued at approximately $9.4B, materially expanding its grocery-anchored and mixed-use footprint.

The firm holds a strong ESG positioning, with multi-year GRESB green-star rankings, SmartScore Platinum and Wired Score Platinum certifications across portfolio buildings, Zero Carbon Building designations, and Rick Hansen Foundation accessibility certification. Jon Love moved to Executive Chair in November 2023, with Rob Kumer elevated to CEO, formalizing a generational leadership transition at the firm.

Name

KingSett Capital Inc.

Legal name

KingSett Capital Inc.

Website

https://kingsettcapital.com

Company type

Private

Founded year

2002

Operating status

Operating

Short description

KingSett Capital is a Canadian private equity real estate investment firm managing $19.5 billion in AUM across six fund vehicles and a regulated mortgage origination subsidiary. Founded in 2002 by Jon Love, it serves pension plans, sovereign wealth funds, family offices, and ultra-high-net-worth individuals with diversified Canadian property and debt strategies.

Ownership category

akta.pro rank

Product category

Private Equity Real Estate Investment

NAICS

Portfolio Management and Investment Advice (523940), Other Financial Vehicles (525990), All Other Financial Investment Activities (52399), Open-End Investment Funds (52591)

SIC

Investors, Nec (6799), Investment Advice (6282), Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

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

akta.pro secondary industries

Real Estate Funds — Core (Stabilized, Income) (FSANAEAF), Real Estate Credit / Debt Funds (FSANAEAJ), Real Estate Private Credit (CRE Debt) (FSANADAG)

Keywords

• Private equity real estate
• Commercial real estate investment
• Mortgage lending services
• Real estate fund management
• Affordable housing investment

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

Revenue model

1. Fund Management: KingSett generates revenue through managing private equity real estate funds including Growth, Income, Urban, Mortgage, Residential Development, and Affordable Housing strategies. The firm raises equity from institutional and high net worth investors and earns management fees and carried interest on fund performance.
2. Mortgage Lending: KingSett Mortgage Corporation provides construction loans and first mortgage lending to experienced developers. Revenue generated through interest income (Prime + 2.50%) and upfront lender fees (1.0% of committed loan amount).

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

KingSett Capital manages private equity real estate investment funds across equity and credit strategies for institutional and high-net-worth investors, deploys capital through six fund vehicles (CREIF, Growth, Senior Mortgage, High Yield, Affordable Housing, Residential Development), and originates conventional and insured first mortgage loans through KingSett Mortgage Corporation. The firm also provides bespoke real estate partnerships and joint ventures to experienced developers and property owners across Canada.

Product overview

KingSett Capital offers a comprehensive suite of private equity real estate investment products organized into three main categories: (1) Investment Funds including Canadian Real Estate Income Fund (CREIF), Growth Funds, Senior Mortgage Fund, High Yield Fund, Affordable Housing Fund, and Residential Development Fund; (2) Financing Solutions including Conventional Mortgages and CMHC-Insured Mortgages; and (3) Bespoke Real Estate Solutions for customized institutional partnerships. The funds are structured to provide investors with exposure across the risk-return spectrum from core income strategies to opportunistic growth investments, while the financing solutions serve borrowers seeking competitive mortgage products for Canadian real estate.

Differentiator

Problem solved

Functional benefit

Brands

• KingSett Mortgage Corporation: KingSett Mortgage Corporation is a registered mortgage broker and administrator under FSRA, providing first mortgage lending solutions.

Products and services

• Canadian Real Estate Income Fund (CREIF) Core income fund focused on diversified commercial real estate in Canadian major markets, providing investors with stable risk-weighted returns through ownership of office, retail, industrial, and multi-residential assets.
• Growth Funds Equity investment vehicle targeting value-add and opportunistic returns through active asset management, development projects, and repositioning of underperforming real estate assets across Canada.
• Senior Mortgage Fund Open-ended fund providing first mortgage lending to experienced developers with high-quality real estate assets in Canada's most liquid markets, diversified by location and property type.
• High Yield Fund Subordinate debt and mezzanine financing fund offering higher-yield mortgage investments to developers seeking flexible capital solutions beyond senior conventional mortgages.
• Affordable Housing Fund Specialized fund investing in affordable housing developments and assets, supporting the creation and preservation of accessible rental housing across Canadian communities.
• Residential Development Fund Fund focused on residential development opportunities including purpose-built rental, condominium, and mixed-use residential projects across Canadian markets.
• Conventional Mortgages Traditional first mortgage financing solutions for Canadian commercial real estate borrowers seeking competitive rates and flexible structures for income-producing properties.
• CMHC-Insured Mortgages Canada Mortgage and Housing Corporation insured mortgage products offering reduced risk and competitive financing terms for multi-family residential and select commercial properties.
• Bespoke Real Estate Solutions Customized real estate investment and partnership solutions designed to meet the specific needs of institutional investors, developers, and property owners seeking tailored capital solutions.

Quantifiable outcome

• Achieved #1 Global Ranking in 2022 GRESB Assessment for Diversified Office/Residential/Non-Listed/Core category
• +4 more outcomes

Named customers7 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

Feature3 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Oliver & Bonacini (O&B) HospitalitycoreStrategic or Co-development Partner · 10 September 2025Partnership to launch SixtyEight premium amenity space at Scotia Plaza, including exclusive café on 68th floor with panoramic views of downtown Toronto. Also celebrated grand opening of SixtyEight in September 2025.
• Det'on ChominorStrategic or Co-development Partner · 15 May 2025Partnership to acquire two office buildings in Yellowknife, demonstrating commitment to northern Canadian markets and Indigenous partnerships.
• GreenwinminorStrategic or Co-development Partner · 2 December 2024Joint venture for ground-breaking on new mixed-use, transit-oriented housing project at 50 Wilson Heights Blvd in Toronto.
• Valhalla Village Development PartnersminorStrategic or Co-development Partner · 16 January 2024Ground-breaking on Toronto affordable housing development Valhalla Village, demonstrating KingSett's commitment to affordable housing initiatives.

Scale indicators12 records

Recent moves7 records

Expansion highlights6 records

Regional players

• Choice Properties REIT: Canadian REIT (Loblaw-owned) that is KingSett's joint acquirer of First Capital REIT. Highly comparable as a Canadian retail and mixed-use focused real estate vehicle partnering with KingSett on platform-defining transactions.

Broad incumbents

• CBRE Investment Management: Global real estate investment management arm of CBRE Group with diversified open and closed-end funds. Comparable to KingSett in managing core and value-add strategies but at materially larger global AUM scale.
• Oxford Properties: Canadian pension-owned (OMERS) real estate investor and asset manager with deep Canadian office, retail and mixed-use holdings. Directly comparable to KingSett's CREIF core strategy, and notably the prior employer of KingSett founder Jon Love.
• Brookfield Asset Management: Toronto-headquartered global alternative asset manager with a large real estate strategy (Brookfield Property Partners/BREP) targeting institutional LPs. Directly comparable to KingSett in serving Canadian pension capital with diversified real estate mandates, though at vastly larger global scale.
• BentallGreenOak (Sun Life): Global real estate investment platform owned by Sun Life that manages core, core-plus, value-add and debt strategies across Canada. Highly comparable to KingSett's multi-strategy Canadian offerings, but with significantly broader geographic reach.
• LaSalle Investment Management: Global real estate investment manager with a dedicated Canadian investment program. Directly comparable to KingSett across core, value-add and debt strategies and competes for the same institutional pension and sovereign wealth mandates.

Direct peers

• QuadReal Property Group: Canadian real estate investment, development and management company owned by British Columbia Investment Management Corp (BCI). Closely comparable to KingSett as a domestic-only institutional real estate platform serving pension capital across equity, debt and development strategies.
• Crestpoint Real Estate Investments: Toronto-based private equity real estate firm focused on Canadian commercial real estate. Co-owns Arthur Erickson Place with KingSett's CREIF and is a directly comparable Canadian-only PE real estate manager serving institutional LPs.
• Fengate Capital Management: Canadian alternative investment manager with active real estate strategies across development, core and credit. Comparable to KingSett as a domestic private equity real estate manager targeting institutional LPs in Canada.
• Hazelview Investments: Toronto-based privately held real estate investment manager (formerly Timbercreek) with a focus on Canadian multi-residential and commercial real estate. Closely comparable in size, domestic-only mandate, and multi-strategy platform serving institutional and retail investors.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

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 KingSett Capital Inc.