Pinetree Capital Ltd. engages in the investment and merchant banking business. The company is headquartered in Toronto, Ontario. The firm's objective is to maximize shareholder value. The company invests primarily in equity, as well as debt and convertible securities. The firm holds approximately 8-12 investments, resulting in equity positions between 7% and 12% of assets (though its positions may at times reach or exceed 20%). Its subsidiaries include Pinetree Capital Investment Corp. (PCIC) and Emerald Capital Corp., and Pinetree Income Partnership (PIP).