# Evolve Funds Group

Evolve Funds Group is an Asset Manager based in Toronto, Canada.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Toronto, Canada
- **Region:** North America
- **Address:** Toronto, ON, Canada
- **Assets under management:** $9B (per firm website, April 30, 2026)
- **Website:** evolveetfs.com
- **Wikidata:** Q138978111

## Regulatory record

- **Reports private funds:** No

## About

Evolve Funds Group Inc. is the investment fund manager and portfolio manager of Evolve ETFs. It is a Canadian asset manager and leader in digital asset investment products. Its ETFs are designed to give Canadian investors access to investment themes providing exposure to emerging trends and industries, including UltraYield and covered-call strategies.

## Sectors

- Crypto & Digital Assets
- Financials
- Energy Transition & Renewables
- Technology
- AI/ML
- Cybersecurity
- Media & Entertainment
- Mobility & Transportation
- Real Estate
- Private Credit

## People

- Raj Lala — President and CEO
- Michael Simonetta — Chairman

## Questions

### Who runs investment decisions at Evolve Funds Group?

Raj Lala, President and CEO, and Chairman Michael Simonetta lead the firm. Evolve is registered as both investment fund manager and portfolio manager, keeping strategy and execution in-house rather than delegating to external CIOs. Sub-advisory relationships exist for certain mandates — Slate Securities manages the firm's real estate exposure — but the core covered-call and index replication programs are run directly by Evolve.

### How does Evolve source its thematic and crypto ETF strategies?

Evolve builds its own indexes or licenses them from providers. For example, the FANGMA Index ETF tracks a custom basket of six large-cap technology names, while the crypto ETFs use spot physical Bitcoin, Ether, Solana, and XRP. The firm does not operate a venture-investing arm that feeds its thematic pipeline; instead, it pieces together public-market exposure using transparent, rules-based or physically backed structures.

### Does Evolve participate in fund commitments or only direct public-market exposure?

Evolve focuses on publicly traded ETFs that hold equities, fixed-income instruments, and physical crypto. It does not operate a private-markets division making fund commitments or direct private-company investments. The firm's closest private-asset exposure comes through its real estate ETF run by sub-advisor Slate Securities, but that vehicle itself invests in public real estate securities rather than direct property.

### How is Evolve related to Slate Asset Management and Urbana Corporation?

Urbana Corporation is disclosed as a private equity investor in Evolve Funds Group Inc., owning a stake in the management company. Slate Asset Management is listed as the parent of Slate Securities L.P., which acts as sub-advisor for Evolve's real estate ETF (BILT), providing the portfolio management for that specific mandate.

## Related profiles

- [Evolve Capital](https://altss.com/profile/evolve-capital)
- [Evolve Healthcare Partners](https://altss.com/profile/evolve-healthcare-partners)

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Last updated: 2026-08-11T15:06:42.396Z

Canonical page: https://altss.com/profile/evolve-funds-group

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