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IMCO Commits $300 million to KingSett Real Estate Growth LP No. 9

Investment provides targeted access to Canadian real estate opportunities, supporting stable income and long-term value for clients

TORONTO, August 17, 2026 – The Investment Management Corporation of Ontario (“IMCO”) today announced a $300-million commitment to KingSett Real Estate Growth LP No. 9 (“KingSett LP9”), the ninth vintage of KingSett Capital’s Growth Fund strategy.

KingSett LP9 invests selectively across Canadian real estate sectors, including industrial, multi-residential, office and retail, with a focus on the Greater Toronto Area, Vancouver and Montreal. KingSett Capital (“KingSett”), a longstanding IMCO strategic partner, will seek to create value through leasing execution, operational improvements, structured capital solutions and asset-level repositioning. For IMCO clients, the investment provides targeted exposure to high-quality Canadian real estate assets that align with IMCO’s Real Estate strategy, supporting stable income and long-term value creation.

“Canada is a strategically important market for IMCO,” said Richard Varkey, Managing Director and Head of Real Estate at IMCO. “Through KingSett LP9, we gain access across the Canadian real estate market where we see attractive fundamentals, supported by KingSett’s skilled team and strong execution capabilities, as well as deep local insights. This investment supports our objective to deliver resilient performance in line with our clients’ long-term objectives.”

“We are pleased IMCO continues to be a core investor for KingSett, and that we are able to further expand our relationship through LP9,” said Rob Kumer, CEO, KingSett Capital. “IMCO’s collaborative and thoughtful approach reinforces our valued partnership as we pursue real estate investment opportunities across Canada.”

More broadly, IMCO invests approximately one-third of its assets under management in Canada across public and private markets, reflecting its commitment to supporting long-term client outcomes while contributing to the Canadian economy.


About IMCO

The Investment Management Corporation of Ontario (“IMCO”) manages $90.7 billion of assets on behalf of its clients. Designed exclusively to drive better investment outcomes for Ontario's broader public sector, IMCO operates under an independent, not-for-profit, cost recovery structure. We provide leading investment management services, including portfolio construction advice, better access to a diverse range of asset classes and sophisticated risk management capabilities. As one of Canada's largest institutional investors, we invest around the world and execute large transactions efficiently. Our scale gives clients access to a well-diversified global portfolio, including sought-after private and alternative asset classes. Follow us on LinkedIn and X @imcoinvest.