Ethical Capital Partners
Corporate brand
UnclaimedEthical Capital Partners is a Canadian private equity firm known for acquiring Aylo, the parent company of Pornhub.
Last updated August 25, 2026
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Overview
Ethical Capital Partners (ECP) is a Canadian private equity firm founded in Montreal in 2022. The firm became publicly known through its acquisition of Aylo, the digital-media company formerly known as MindGeek and best known as the owner of Pornhub. ECP completed the transaction in March 2023 for an undisclosed amount. The acquisition placed ECP at the center of scrutiny surrounding the online adult-content industry. Before the transaction, MindGeek and its platforms had faced lawsuits and public criticism concerning the hosting and distribution of unlicensed or non-consensual content. The deal therefore represented not only a private-equity investment but also a change in ownership of a company operating in a heavily scrutinized digital-content sector. ECP's involvement has been discussed primarily in connection with its ownership and governance role at Aylo rather than with a broad portfolio of publicly documented consumer brands. The firm is chaired by businessman Rocco Meliambro. Publicly available reference material identifies ECP as a private equity business, but does not provide a detailed account of its full investment portfolio, assets under management, investment strategy, executive team, or financial performance. Its public profile is consequently concentrated on the Aylo transaction and the governance questions associated with that investment. ECP's name suggests an emphasis on ethical or responsible capital allocation, although the available reference material does not set out a formal investment framework, measurable environmental, social, and governance targets, or a comprehensive description of its operating model. The company remains a private organization and is not identified as having publicly traded shares or a stock-market ticker.
History
Ethical Capital Partners was established in Montreal in 2022 as a Canadian private equity firm. The available public record describes the company in broad terms and provides limited detail about its founders, investment funds, portfolio beyond its best-known transaction, or internal organization. Its public identity has been shaped primarily by its subsequent acquisition of Aylo. In March 2023, ECP acquired Aylo, the company previously known as MindGeek. Aylo owns Pornhub and other online adult-content platforms. The transaction brought a privately held investment firm into ownership of a company that had already attracted substantial legal and public attention. MindGeek and its websites had faced lawsuits and criticism related to allegations that unlicensed or non-consensual material was hosted on their services. The deal consequently received attention beyond the normal reporting associated with a private-equity change of control. Following the acquisition, ECP's role was understood principally as that of owner and investor in Aylo. Reference material identifies businessman Rocco Meliambro as ECP's chair. No detailed public account in the cited material establishes a complete list of executives, the firm's capital base, its financial results, or a defined set of operating markets. Likewise, the available sources do not document a formal rebranding campaign, a broad consumer product portfolio, or additional acquisitions that can be confidently attributed to the firm. ECP's name conveys a responsible-investment positioning, but the cited sources do not provide enough information to describe specific ethical screens, governance standards, compliance programs, or measurable impact objectives. The firm's significance in brand and business history therefore rests on its formation in 2022 and its 2023 purchase of Aylo, rather than on a long sequence of independently documented corporate milestones.
Products and positioning
A Canadian private equity firm whose public identity is closely associated with responsible-capital branding and its acquisition of Aylo, a major online adult-content company.
Financial services · 2022
Private equity investment services
ECP operates as a private equity firm, providing capital for acquisitions and taking ownership or governance positions in portfolio companies. The cited public material does not describe a specific fund structure, investment mandate, fee model, or complete portfolio.
Portfolio company investment · 2023
Aylo ownership
ECP's best-known investment is Aylo, the digital-media company formerly called MindGeek. Aylo owns Pornhub and other online adult-content platforms. ECP's acquisition made Aylo the firm's principal publicly documented business association.
Brand decisions
2023
Purchase of AyloM&ABackground
ECP pursued the acquisition of Aylo after the company formerly known as MindGeek had faced lawsuits and criticism concerning unlicensed or non-consensual content hosted on its platforms.
Action taken
ECP completed the acquisition of Aylo in March 2023. The reported purchase price was undisclosed.
Aftermath
The transaction made ECP the publicly identified owner of Aylo and connected the private equity firm with ongoing debates about governance, content moderation, and accountability in the online adult-content industry.
Sources1 sources
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