KingSett Capital and University Pension Plan Ontario (UPP) have formed a partnership to invest in income-producing industrial real estate across major Canadian urban markets.
The partnership between the Canadian private equity real estate investment firm and the Ontario university sector employers and employees pension plan will acquire multi-tenant, light industrial buildings in supply-constrained markets.
Peter Martin Larsen, senior managing director, head of private markets at UPP, said: “This investment is designed to provide exposure to industrial assets, such as warehousing and light manufacturing facilities in close proximity to urban centres, underpinned by strong domestic demand and attractive inflation protection.
“Through this partnership, we are selectively deepening our position in a sector supported by strong fundamentals, enhancing our ability to deliver secure, stable pensions for our members. KingSett brings deep expertise across market cycles, a long-standing presence in Canada’s major industrial hubs, and a proven track record of creating value through active asset management.”
Rob Kumer, CEO of KingSett Capital, said: “This partnership, which complements the balance of our existing fund strategies, marks an important milestone for KingSett. We are introducing a highly customised investment solution that is designed to meet the specific needs and objectives of an institutional investor like UPP.
“We are aiming to expand on this type of program as an important differentiator for our investor-partners and as a driver of growth for KingSett in the years to come.”
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