Ontario's Premier Accountability Dashboard · Queen's Park Watch
Ryan Roebuck
High Art Capital
Ryan Roebuck is a Managing Partner and co-founder of High Art Capital, the private investment fund that received $300 million in mezzanine debt from Ontario's Building Ontario Fund in February 2026 to buy unsold GTA condo units. Roebuck previously co-founded PharmaCan Capital, which became Cronos Group — one of Canada's largest cannabis companies. He has also managed XDL Capital Group (tech entrepreneur Dennis Bennie's fund) since 2011. No competitive selection process has been publicly disclosed to explain how High Art Capital was chosen to receive the province's first major housing-market intervention using public infrastructure bank funds.
Connected Scandals
The Ford government's Building Ontario Fund quietly committed $300 million in public mezzanine debt to High Art Capital — a little-known private fund — to buy unsold GTA condos from developers and convert them to rentals. Only 25% of the 2,200 units will be "affordable," the developers being bailed out are also paid to manage the properties, and the deal closed in secret two weeks before the public found out.
As co-founder and managing partner of High Art Capital, Roebuck is the primary private beneficiary of the Building Ontario Fund's $300M mezzanine debt commitment — which anchors a $1.3B fund acquiring unsold GTA condo inventory, with no disclosed competitive selection process.