Fengate Exceeds Fundraising Target and Closes Core Infrastructure Fund III with $1.1 Billion in Capital Commitments

TORONTO /PRNewswire/ - Fengate Asset Management (Fengate) today announced that it has closed total capital commitments of $1.1 billion for Fengate Core Infrastructure Fund III and affiliated vehicles (Fund III), exceeding both its $750 million target and initial $1 billion hard cap. Fund investors include public and corporate pension plans, insurance companies and fund of funds across Europe, Japan and North America.

"We are proud of the strong support we have received for Fund III from both our existing and new investors," said George Theodoropoulos, Managing Partner, Fengate. "Our investments in the North American core infrastructure market continue to provide strong and stable returns, and we will maintain our disciplined approach in identifying further opportunities for the Fund that complement our seeded asset portfolio and exemplify our investment strategy."

Fund III continues Fengate's successful strategy of investing in mid-sized infrastructure assets emphasizing greenfield projects originated through its exclusive development pipeline and long-standing relationships with contractors, developers and government procurement agencies. Fund III also selectively pursues brownfield acquisitions where it can achieve its target returns.

Fund III is already approximately 50% invested in and/ or committed to seven assets across North America.

Threadmark Partners Limited served as the Fund's global placement agent.


About Threadmark
Threadmark is an independent global placement agent. Threadmark's experienced team has helped its clients raise over $20 billion for a broad range of credit, infrastructure, private equity and real estate strategies, delivering successful fundraises for established and first time funds across multiple sectors, geographies and strategies. With a strong focus on value-add services, Threadmark also acts as an advisor to its clients, providing strategic advice before, during and after a fund raise. Further details can be found on Threadmark's website, threadmark.com.

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Nice Insight, established in 2010, is the research division of That’s Nice, A Science Agency, providing data and analysis from proprietary annual surveys, custom primary qualitative and quantitative research as well as extensive secondary research. Current annual surveys include The Nice Insight Contract Development & Manufacturing (CDMO/CMO), Survey The Nice Insight Contract Research - Preclinical and Clinical (CRO) Survey, The Nice Insight Pharmaceutical Equipment Survey, and The Nice Insight Pharmaceutical Excipients Survey.

Fengate 

 Fengate is a leading independent alternative investment manager focused on infrastructure, private equity and real estate strategies. With offices in Toronto, Houston, Vancouver, New York and Oakville, Fengate is one of the most active real asset investors in North America. Fengate leverages more than 45 years of experience to invest in long-life and high-quality assets and businesses on behalf of our clients. 

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