# James Richardson & Sons James Richardson & Sons is a Single Family Office based in Kingston, Ontario, Canada. ## Overview - **Organization type:** Single Family Office - **Headquarters:** Kingston, Ontario, Canada - **Region:** North America - **Address:** 3000 One Lombard Place, Winnipeg, Manitoba, Canada - **Founded:** 1857 - **Assets under management:** $10B (Altss estimate) - **Website:** jrsl.ca - **LinkedIn:** https://ca.linkedin.com/company/jrsl ## Regulatory record - **Reports private funds:** No ## About James Richardson & Sons was founded in 1857 by James Richardson as a grain merchandising operation. The family built its wealth over six generations by expanding from agriculture into a tightly held portfolio of operating businesses. The firm is now led by CEO Hartley Richardson, with Carolyn Hursh as Chairwoman and Thor Richardson assuming the presidency in August 2025. The firm deploys capital across a distinctive mix of asset classes. Its core holdings include global agriculture and food processing, energy exploration and pipeline transportation, property and casualty insurance, freight transportation and logistics, and commercial real estate. The portfolio spans Canada, the United States, the United Kingdom, and Europe. The firm makes direct co-investments and participates in private equity, private credit, infrastructure, natural resources, and insurance-linked strategies. Its venture and growth-stage technology investments concentrate on sectors adjacent to its industrial base — AI/ML, cybersecurity, robotics, and supply-chain technology. Headquartered at One Lombard Place in Winnipeg, the firm owns the Richardson Building, the Fairmont Winnipeg, and 161 Portage Avenue East, alongside a corporate art collection and direct crude oil production assets. In 2025, the family executed a partial exit from wealth management when iA Financial Group acquired Richardson Wealth, formerly RF Capital Group, generating liquidity that reinforces the balance sheet for new commitments. The family also maintains professional network memberships through the Trilateral Commission and Tiger 21, and philanthropic activity flows through the Richardson Foundation Inc. James Richardson & Sons operates as a permanent-capital vehicle with no external fundraising requirement, making its investment horizon structurally indifferent to market cycles. Its multi-generational governance — with rotating leadership among family members and a holding-company architecture that combines operating businesses with institutional-grade limited-partner commitments — gives it a pacing advantage that most family offices cannot replicate. ## Sectors - AgriTech & FoodTech - Energy Transition & Renewables - FinTech - Healthcare Services - Industrial Tech - Mobility & Transportation - Real Estate - Supply Chain & Logistics - Robotics & Automation - ClimateTech - AI/ML - Cybersecurity - Infrastructure - Private Credit - Private Equity - Natural Resources - Insurance-Linked / Re-Risk ## People - Hartley Richardson — CEO and former President ## Questions ### Who runs investment decisions at James Richardson & Sons? Investment oversight is centralized under CEO Hartley Richardson and President Thor Richardson, with Chairwoman Carolyn Hursh providing board-level governance. The firm allocates capital directly into operating subsidiaries, real assets, and venture-stage technology companies, rather than delegating to an external CIO or outsourced investment committee. ### How is James Richardson & Sons related to Richardson Wealth? Richardson Wealth, previously known as RF Capital Group, was the firm's publicly traded wealth management subsidiary. In 2025, iA Financial Group announced the acquisition of Richardson Wealth, marking a strategic divestiture by the Richardson family. The family retains its private operating and investment portfolio, now unencumbered by the regulatory and capital demands of a public wealth platform. ### What investment stages does the firm typically target? The firm operates across growth equity and venture capital stages when making external technology and sector-adjacent investments. Its internal holdings cover the full corporate lifecycle — from direct crude oil production and grain merchandising to mature infrastructure and real estate assets. ### Does James Richardson & Sons participate in fund commitments or only direct deals? The firm engages in both. It directly owns and operates companies across agriculture, energy, insurance, and real estate, while also making private equity, private credit, and infrastructure commitments. Its venture and growth investments target technology sectors that complement its industrial operating base. ### How does the firm's permanent-capital structure affect its investment posture? Because James Richardson & Sons is entirely family-owned and has no external limited partners, it faces no redemption pressure or fundraising cycles. This allows the office to hold assets indefinitely, cycle capital across vintages at its own pace, and sell businesses on its own timeline — as demonstrated by the 2025 Richardson Wealth transaction. ### Does the firm maintain philanthropic structures, and how are they separated? Yes. The Richardson Foundation Inc. is the family’s primary philanthropic vehicle. It operates separately from the family office's investment portfolio, although both are ultimately overseen by family leadership. ## Related profiles - [Private Office of H.R.H. Princess S.M. Al Saud](https://altss.com/profile/private-office-of-hrh-princess-sm-al-saud-al-saud-family-office) - [Peper & Söhne](https://altss.com/profile/peper-and-sohne-peper-family-office) --- Last updated: 2026-07-09T00:49:54.805Z Canonical page: https://altss.com/profile/james-richardson-and-sons-ltd-richardson-family-office Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology