October 2026
Largest Asset Management Public Companies in Canada
Benchmark revenue and EBITDA valuation multiples for public comps like
Brookfield, Brookfield Asset Management, Sun Life, Power Corporation of Canada and Sprott Physical Gold.
 | Brookfield Corporation is a Toronto-headquartered global investment firm whose roots date to 1899. It owns and operates businesses and assets across renewable power, infrastructure, private equity, real estate, credit and insurance solutions. Brookfield invests its own balance-sheet capital and institutional client capital through controlled companies, funds and long-term partnerships. The group earns asset-management fees, carried interest, distributions and operating income from its portfolio. Its owner-operator model combines transaction execution with long-term operational oversight of essential-service businesses around the world. Brookfield reported more than US$1 trillion of assets under management in La Caisse's 2026 transaction release. It was a principal purchaser in the Boralex take-private alongside its institutional partners and La Caisse. | $37 | -20% | $82B | $450B | 6.0x | 14.1x | ||
| Brookfield Asset Management is one of the world's largest alternative-asset managers, with USD 1.151 trillion in total managed assets, including USD 580.7 billion in fee-earning AUM, at the end of September 2025. The company has three main business segments: private credit (USD 349.0 billion in total AUM and USD 262.8 billion in fee-earning AUM), private equity (USD 151.0 billion/USD 46.3 billion), and real estate/real assets (USD 651.0 billion/USD 271.6 billion). The firm primarily serves institutional investors (90% of AUM) and high-net-worth individuals (10%), and is diversified globally, with 67% of revenue from the Americas, 20% from EMEA, and 13% from Asia-Pacific. Canadian-based Brookfield Corporation owns 73% of Brookfield's outstanding Class A shares. | $45 | -17% | $72B | $80B | 17.4x | 24.8x | ||
| Sun Life Financial is one of the Big Three Canadian life insurers. The Canadian business contributed around 38% of adjusted earnings. In that segment, the firm provides health, life insurance, and annuity products to individual and group customers. Its US business is mostly group health and contributed about 20% of the firm's adjusted earnings in 2024. Sun Life also offers life insurance and wealth products in several Asian markets with a strong presence in Hong Kong and the Philippines. The Asia segment contributed around 18% of adjusted 2024 earnings. Its asset management business had around CAD 1.1 trillion total assets under management or administration at the end of 2024 and represents around 34% of the firm's earnings. | $77 | +25% | $43B | $44B | 1.6x | 11.9x | ||
| Power Corp. of Canada is a holding company with controlling interests in Great-West Lifeco (one of the big three Canadian life insurers), IGM Financial (Canada's largest nonbank asset manager), and other alternative asset management platforms (Sagard and Power Sustainable). The company also has minority interests in Groupe Bruxelles Lambert, a holding company with interests in European firms. | $62 | +31% | $39B | $88B | 3.3x | 20.6x | ||
| Sprott Physical Gold Trust is a closed-end mutual fund trust. The company provides a secure, convenient and exchange-traded investment alternative for investors interested in holding physical gold bullion without the inconvenience associated with direct investment in physical gold bullion. The company invests mainly in long-term holdings of unencumbered, fully allocated, physical gold bullion and does not and will not speculate about short-term changes in gold prices. | $31 | +3% | $15B | $15B | 2.5x | - | ||
| IGM Financial is a leading nonbank Canadian wealth and asset management company. Power Corporation of Canada, which also holds a majority stake in Great-West Life co, has a majority stake (62%) in IGM. The company has two main operating segments, wealth management and asset management. As of December 2025, IGM's wealth management unit had CAD 159 billion in assets under advisement, or AUA, while the firm's asset management unit had CAD 151 billion in third-party assets under management, or AUM. | $56 | +46% | $13B | $15B | 5.8x | 13.2x | ||
| Sprott Physical Silver Trust is a closed-end mutual fund trust, created to invest and hold substantially all of its assets in physical silver bullion. The Trust seeks to provide a secure, convenient and exchange-traded investment alternative for investors interested in holding physical silver bullion without the inconvenience that is typical of a direct investment in physical silver bullion. The Trust achieves its objective by investing mainly in long-term holdings of unencumbered, fully allocated, physical silver bullion and does not speculate with regard to short-term changes in silver prices. | $19 | +20% | $12B | $12B | 1.4x | - | ||
| Sprott Physical Gold and Silver Trust is a closed end mutual fund trust. The trust invests and holds all of its assets in physical gold and silver bullion and seeks to provide a secure, convenient and exchange-traded investment alternative for investors interested in holding physical bullion without the inconvenience that is typical of direct investment. | $41 | +10% | $7.2B | $7.2B | 1.6x | - | ||
| Onex is an alternative asset manager that invests capital on behalf of its shareholders and institutional clients. Established in 1984, the firm developed private equity and credit investment platforms that combine third-party funds with its own investing capital. Its private equity activities include the Onex Partners and ONCAP platforms, while its credit business provides investment strategies and lending solutions across credit markets. Investors include public and private pension plans, sovereign wealth funds, insurance companies and family offices seeking access to managed investment opportunities. The firm earns investment management income from its asset management activities and investment returns on the capital it deploys alongside clients. Onex supports its investment operations with industry knowledge, operating capabilities and origination resources used to identify businesses and financing opportunities. | PE & VC+1 | $72 | -17% | $5.5B | $5.8B | 6.5x | 9.1x | |
| E-L Financial Corp Ltd operates as an investment and insurance holding company that provides a broad range of wealth management products, individual insurance products, group plans, and financial services to meet the needs of individuals, professionals, and businesses. The firm has two segments; The Empire Life operating segment underwrites life and health insurance policies and provides segregated funds, mutual funds, and annuity products, and the E-L Corporate segment operations include the oversight of investments in equities held through holdings of common shares, investment funds, closed-end investment companies, and other private companies. | $13 | +8% | $4.4B | $5.8B | 2.9x | 4.9x | ||
| Sprott Inc is an alternative asset manager. The company has four reportable segments: Exchange Listed Products, which derives key revenue, and includes management services to the company's closed-end physical trusts and exchange-traded funds, both of which are actively traded on public securities exchanges; Managed equities segment provides asset management and sub-advisory services to the company's branded funds, fixed-term LPs and managed accounts; Private strategies which provide lending and streaming activities through limited partnership vehicles; and the Corporate segment which provides capital, balance sheet management and enterprise shared services to the company's subsidiaries. Geographically, it derives key revenue from Canada, followed by the United States. | $115 | +40% | $3B | $2.8B | 10.3x | 29.4x | ||
| Canoe EIT Income Fund is a Canadian closed-end investment trust. The investment objective of the Fund is to maximize monthly distributions relative to risk and maximize net asset value while maintaining and expanding a diversified portfolio of high quality securities. The company invests in various sectors, of which Financials, Energy, Healthcare, etc. | $12 | -- | $2.3B | $2.7B | 9.1x | - | ||
| Cymbria Corp is a Canada-based investment company. The investment objective of the company is to provide long-term capital appreciation through a concentrated portfolio of companies. | $68 | +13% | $1.5B | $1.4B | 5.9x | - | ||
| Clairvest Group Inc is a Canadian private equity investment firm. The company invests in and partners with the management teams of businesses that have the potential to create average returns in their respective industries. It contributes financing and strategic expertise to support the growth and development of its investee companies to create realizable value for all shareholders. It invests its capital into entrepreneurial corporations. | $58 | +10% | $771M | $611M | 4.8x | - | ||
| Senvest Capital Inc holds and manages a portfolio of equity and real estate investments that are located predominantly in the United States. Its investments in both publicly traded and privately-held companies are mainly carried out through Senvest International, while its investments in real estate are mainly carried out through PPI, Senvest Argentina, and Senvest Equities. The company also provides services to the two Funds which are targeted toward institutions and high net worth individuals. Its real estate holdings are located mainly in the United States. The company operates in USA, Canada, European Union,. and Others. Majority of revenue from USA. | $309 | +16% | $747M | $704M | 1.7x | - | ||
| DRI Healthcare Trust is engaged in pharmaceutical royalty monetization by providing capital to inventors, academic institutions, and biopharma companies. Trust was formed to provide Unitholders with differential exposure to the pharmaceutical and biotechnology industries through ownership and acquisitions of pharmaceutical royalties. In return for providing capital to biopharmaceutical innovators, the company is building a diversified portfolio of interests in medicines that have a demonstrable positive impact on the world. The Trust has concluded that it operates as one segment, focused on acquiring royalty assets. Geographically the trust generates it's key revenue from the United States. The trust also generates Income from markets such as Japan, and the European Union. | $13 | +21% | $703M | $1.1B | ||||
| Diversified Royalty Corp is a multi-royalty company. It is engaged in the business of acquiring royalties from multi-location businesses and franchisors in North America. The firm purchases trademarks of the companies it is going to acquire. Its objective is to acquire predictable, growing royalty streams from a diverse group of multi-location businesses and franchisors. All of the company's operating revenues are earned from the receipt of royalties and management fees from its Royalty Partners. | $3 | +16% | $540M | $999M | ||||
| DREAM Unlimited is a Toronto-based Canadian real estate developer, owner and asset manager listed on the Toronto Stock Exchange (TSX: DRM). Founded by Michael Cooper in the mid-1990s, it develops land and housing in master-planned communities in Western Canada, mainly in Saskatchewan and Alberta, builds office and residential projects in Toronto and holds a portfolio of income-producing properties across Canada. Its asset management business manages Dream Office REIT, Dream Industrial REIT and Dream Impact Trust together with private funds and partnerships, and reported $28 billion of assets under management at June 30, 2026. The company earns revenue from lot and home sales, rental income and asset management fees, and says it has completed $47 billion of real estate transactions since inception. In 2021 it owned 11.2 million square feet of commercial space including 26,018 residential rental units. Its major projects include the Quayside site on Toronto's waterfront, approved by Waterfront Toronto in December 2022 for development with Great Gulf, and the Brightwater community in Mississauga. Recent deals include logistics joint ventures between CPP Investments and Dream Industrial in December 2025 and a $147 million acquisition of UK multi-let industrial business Chancerygate announced in July 2026. | $12 | -12% | $493M | $1.9B | ||||
| Fiera Capital Corp is an asset management firm that delivers customized and multi-asset solutions across public and private market asset classes to institutional, financial intermediary, and private wealth clients. The company's operating segment is asset management services. Its geographical segments are Canada, United States and Europe & others. The company derives the majority of its revenue from the United States. | $3 | -37% | $302M | $856M | ||||
| Nations Royalty Corp is a majority Nisga’a Nation-owned company focused on acquiring royalties in the resource sector. The company derives royalty income from the Brucejack gold mine. The company also has an interest in the Premier Gold Project, Red Mountain Project, and KSM Project. | $1 | -- | $143M | $131M | ||||
| Brookfield Global Infrastructure Securities Income Fund is a closed-end investment fund. The investment objective of the company is to provide the unitholders with quarterly cash distributions; maximize total return for unitholders through distributions and capital appreciation, and preserve capital. It invests in a portfolio comprised of equity securities of publicly-traded infrastructure companies that own and operate infrastructure assets. | $5 | +0% | $75M | $88M | ||||
| Sol Strategies Inc is engaged in investing in blockchain technologies and crypto currencies. Company executes its Investment Objective through three lines of effort: Treasury management: Maintaining a core portfolio of cryptocurrencies for long-term growth, enhanced with risk management strategies to minimize volatility, and generating yield through lending, staking, and liquidity provisioning; Private equity focused on early stage companies in the DeFi and blockchain sectors; and Active investments to generate yield through strategic activities, including Bitcoin mining and stalking and validating Solana. | $2 | -55% | $62M | $99M | ||||
| Highwood Asset Management Ltd is an asset management entity overseeing various operations including clean energy transition subsectors with a focus on ESG it also looks at current activities in the industrial metals & minerals, oil production, and oil midstream spaces. The Company's current focus is the exploration and development of its oil and natural gas properties in Alberta. The company generates revenue from the exploration and development of oil and natural gas and the operation of midstream oil and gas infrastructure. | $4 | -- | $58M | $60M | ||||
| Canadian Large Cap Leaders Split Corp is a mutual fund corporation. The company will be amended prior to closing to create the Preferred Shares and the Class A Shares. The investment objectives for the Preferred Shares are to provide their holders with fixed cumulative preferential quarterly cash distributions and the investment objectives for the Class A Shares are to provide their holders with regular monthly noncumulative cash distributions. | $8 | -- | $29M | - | ||||
| Dream Impact Trust is an open-ended trust dedicated to impact investing, and its underlying portfolio is comprised of real estate assets. The Trust's activities are organized into two operating segments: recurring income and development. The recurring income segment consists of a portfolio of multi-family rental assets and commercial real estate income properties in the Greater Toronto Area and Ottawa/Gatineau, along with a utility asset. The development segment consists of investments in residential and mixed-use developments. | $1 | -11% | $19M | $156M | ||||
| Hampton Financial Corp is a holding company. Through its subsidiary, the company operates as a registered investment dealer, providing investment advisory and brokerage services. It is engaged in family office, wealth management, institutional services, and capital markets activities. Additionally, the company provides investment banking services, which include assisting companies with raising capital, advising on mergers and acquisitions, and aiding issuers in obtaining a listing on a recognized securities exchange in Canada. The company operates in two business segments: i) Investment advisory and brokerage services, ii) Commercial factoring business. The majority of revenue is derived from Investment advisory and brokerage services. | $0 | -33% | $12M | $23M | ||||
| Median | $16 | +9% | $1.1B | $1.9B | 5.5x | 9.1x |
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