Fengate surpasses $1bn goal for North America Infrastructure Fund IV

Fengate Asset Management closed its North America Infrastructure Fund IV with $1.1bn in capital commitments, exceeding its target. 

The fund, the largest ever raised by Fengate, drew support from institutional investors, including the LiUNA Pension Fund of Central and Eastern Canada, alongside other pension plans, insurers, and fund-of-funds managers from Canada, the US, Europe, and Japan.

The core-plus and value-add infrastructure fund has already allocated $740m across eight investments in the social, transportation, energy transition, and digital sectors in the US and Canada. This milestone reflects investor confidence in Fengate’s ability to deliver strong results in a competitive fundraising environment.

Fengate raised a total of $2bn in 2024, including $200m for Fund IV co-investment vehicles, $550m for eStruxture Data Centers continuation vehicles, and $140m for the Fengate Infrastructure Yield Fund. Managing Partner George Theodoropoulos attributed the success to the firm’s robust strategy and expanded investor base, stating, “We are grateful for the support and confidence of our investors.”

Theodoropoulos highlighted the significance of this achievement, underscoring Fengate’s growing presence and ability to secure investments in diverse infrastructure sectors.

Source: IPE Real Assets

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