Fengate Asset Management has closed its C$1.8 billion ($1.3 billion) deal with eStruxture Data Centers.
It is considered one of the biggest to ever be made in the Canadian data center sector.
Fengate significantly increased its equity stake in eStruxture with the sector-shaping deal, building on the longstanding business partnership. The firm’s investment in eStruxture includes newly raised capital from a group of institutional secondary investors co-led by Partners Group, a leading global private markets firm, acting on behalf of its clients, and Pantheon, a leading specialist global private markets and secondaries investor. Fengate is investing on behalf of Fengate Infrastructure Fund III, Fengate Infrastructure Fund IV and their affiliated entities, including an investment by LiUNA’s Pension Fund of Central and Eastern Canada.
Jonathan Wener and the Wener Family Office, along with Todd Coleman, founder, president, and CEO of eStruxture, and the accompanyi