Company

High Art Capital

Investment fund manager

Private investment firm managing the $1.3 billion condo-to-rental conversion fund in partnership with the Ontario government's Building Ontario Fund. Limited public transparency requirements on fund operations.

Editorial Note

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Public Matters Mentioning High Art Capital

Private fund manager deploying $1.3B in public-backed capital

Mar 15, 2026

🏠 HousingIn Effect

$1.3B Condo Fund — Public Money Backstops Developer Inventory

Ontario committed $300 million in public mezzanine debt through the Building Ontario Fund to anchor a $1.3 billion fund — managed by private firm High Art Capital — to purchase roughly 2,200 unsold GTA condos and convert them into rental units. Only 25% of units will have below-market rents. Critics argue the fund is a liquidity lifeline for developers facing bankruptcy, effectively putting a price floor under the condo market at taxpayer expense.