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

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.