The purpose of the Fund is to generate steady income and capital gains primarily from investments in Canadian commercial properties and U.S. residential properties and mortgage pools. The partnership will do so through a combination of direct and private fund investments in different geographies and across several strategies.

Investments or pending investments to date include partnerships or properties across Canada and the United States including properties managed by the Kingsett Capital Management of Toronto and the Prospect Properties Group of Orlando, Florida.

The 360 Degree Advantage

  • Enhanced diversification and oversight
  • Monthly liquidity
  • Institutional level transparency and reporting
  • Conservative leverage structure
  • Self-liquidating portfolio of assets
  • Valuations underpinned by tangible assets
  • No correlation to stock or bond markets
  • Local point of contact

Mutually Reinforcing Strategies

  • Combination of Canadian and US real estate
  • Objective to generate income and capital gains
  • Types of real estate investments:
    • Mortgages
    • Apartments
    • Condominiums
    • Whole loans
    • Developable land
    • single family homes
  • Target return of >10% p.a.
  • Minimum investment of >$50m for Accredited Investors


“We’ve developed a great partnership with MacNicol & Associates. Their dedication to our client’s investment success is evident. We admire the disciplined approach, proven track record, and leading-edge solutions that are so hard to find in one relationship.”

— Mr. S.P.

“MacNicol & Associates Asset Management is a firm that offers the best of Bay Street. Dave MacNicol is both exceedingly well-informed and exceedingly well-mannered, two equally important qualities when it comes to the matter of personal finance.”

— Ms. A.P.

“I have been with MacNicol & Associates since 2007 and can, without reservation, attest to the capability of this firm. The market has been through some peaks and valleys, but David and his staff have always remained solid and innovative. I am very pleased with the returns on my portfolio, but more importantly value David’s transparency and regular communication with me. No major moves are done without explanation first and my consent. Portfolio status and strategy are reviewed on a regular basis. The associate staff has always been very responsive and easy to deal with.

I am not in the financial field and and this means that I essentially have to put my trust in this firm. I didn’t simply hand over my trust however..They have earned it.”

— Dr. T.M.

“The team at MacNicol has assembled a portfolio solution that is quite unique in Canada, and is most suited to my largest clients. The combination of equities, hedge funds, private equity, real estate, and other bespoke solutions have resulted in a protected journey when traditional equity markets are challenged, while participating in upside opportunity. Many claim “pension-style” management, but MacNicol delivers.”

Mr. D.W.
“At your recent presentation… I was able to speak with a small number of MacNicol clients, all of which spoke glowingly of this company.”
— Mr. A.B.
“Thank you for your recent advice concerning my personal financial matters. Since I have been a client of MacNicol & Associates (2001) you have assisted me with not only my investments but also other personal financial matters. David, it is very comforting knowing that you always have my best interest at the forefront of your decision making. Thank you for your personal attention.”
— Mrs. P.S.

*As of September 30, 2022*