Fengate Asset Management, one of North America’s most active infrastructure investors and developers, has achieved the final closing of its flagship closed-ended infrastructure fund, Fengate Infrastructure Fund IV, at $1.1 billion. This represents the largest fund ever raised by Fengate.
As a result of strong backing from new and existing investors across Canada, the United States, Europe and Japan, Fund IV exceeded its fundraising target. The investor lineup represents public and private pension plans (including an investment by the LiUNA Pension Fund of Central and Eastern Canada), insurance companies, and fund-of-funds managers.
George Theodoropoulos, managing partner at Fengate, said Fund IV significantly expanded the firm’s investor base and geographic reach.
Fund IV invests in North American core-plus and value-add infrastructure originated through the firm’s robust pipeline and longstanding relationships with design-builders, infrastructure operator
