Infrastructure Private Equity Real Estate Turning strategic relationships into successful partnerships 1
$2.8B+ Total Equity Commitments 150+ Executed Transactions $15B+ Total Asset Value Fengate is a leading investment firm specializing in real assets, with a focus on infrastructure, private equity and real estate. With offices in Toronto, Oakville, Vancouver, New York, Houston and Los Angeles, Fengate has a proven track record of successful projects and results-driven partnerships, establishing the firm as one of the most active real asset investors in North America. Through our experience, expertise and industry relationships, our clients gain access to high-barrier-to-entry investment solutions which deliver superior risk-adjusted returns. 140+ Professionals 2 FENGATE Infrastructure Private Equity Real Estate
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Fengate infrastructure We are proud to be one of the first asset managers to enter the North American infrastructure sector. We have worked hard to earn our reputation as a trusted and innovative developer and proven financial partner, and to establish strong market relationships with design-builders, operators and developers. The combined commercial and technical strengths within our partnerships are developing, building and operating today s and tomorrow s infrastructure projects. We are focused on public-private partnerships, contracted power and contracted utilities. With a dedicated infrastructure team of more than 50 professionals, Fengate leads carefully targeted investment pursuits through consortium building, qualification and proposal phases, through to commercial and financial close. In 2011, Fengate made a strategic decision to build a dedicated, inhouse asset management team providing industry-leading facility management services a true differentiator within our industry. This value-added service enables us to proactively manage our infrastructure portfolio and protect our investors assets, ensuring projects reach their full potential and maximized returns. 4 FENGATE Infrastructure Private Equity Real Estate
36+ Infrastructure projects $14B+ Market value of portfolio Our partnerships are developing, building and operating today s and tomorrow s infrastructure projects. 5
Fengate private equity Our private equity investment strategy is to acquire and manage businesses in growth-oriented sectors across North America. With over 40 years of experience in the development and management of real assets, Fengate is uniquely positioned due to our expertise and relationships within our target industries. Fengate maintains flexibility to invest across multiple sectors. Investment strategy Industries connected to infrastructure and real estate sectors, to leverage Fengate s internal experience and relationships Opportunistic in identifying high quality businesses on a value basis Partnership approach to investment and long-term alignment Target sectors Construction and utility services Consumer services Gaming Government and contracted services Housing and accommodation Power and infrastructure Transportation and logistics 6 FENGATE Infrastructure Private Equity Real Estate
7+ Private equity investments $760M+ Market value of portfolio Including the Hard Rock Hotel and Casino, Las Vegas, with Virgin Hotels; Seasons Retirement Communities; and estruxture. 7
Fengate real estate Fengate manages a significant portfolio of equity investments in Canadian commercial, residential and development real estate assets, providing optimal risk-return profiles. We leverage our internal expertise across asset class and investment type to diversify, invest and recycle capital along the entire risk-return spectrum. We have built a successful track record with our disciplined approach to initiating investments and our active role in managing the properties that we invest in. Our focus is to add value through capital preservation and to deliver stable income and risk-adjusted, long-term returns. Fengate remains flexible, taking a proactive approach to investment strategy, and will vary the portfolio s allocation between core, value added and development. Our portfolio management includes identifying assets that can benefit from financial restructuring, operational improvements or asset repositioning to improve long-term value and provide strong risk-adjusted returns to our investors. Our vertically-integrated strategy allows us to source, structure and manage our projects as true hands on property managers a differentiator with proven results. 8 FENGATE Infrastructure Private Equity Real Estate
75+ Real estate properties and investments $4.9B+ Project value of portfolio 9
Leadership team Lou Serafini Jr. President and Chief Executive Officer George Theodoropoulos Managing Partner, Infrastructure Heather Crawford General Counsel and Chief Compliance Officer Pranav Pandya Chief Financial Officer 10 FENGATE Infrastructure Private Equity Real Estate
John Bartkiw Managing Director, Real Estate Justin Catalano Managing Director, Private Equity Benoit Lemelin Executive Vice President, Talent and Culture 11
Foundation of Fengate Prudent capital structures Investment principles Leveraging experience and relationships Strong governance Strategic partnerships Alignment of interests Core values We are relentless in satisfying clients We employ the best people We keep things simple 12 FENGATE Infrastructure Private Equity Real Estate
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Corporate responsibility and social impact At Fengate, acting responsibly toward our stakeholders, our communities and those in need is fundamental to our culture and our business. One cannot have a complete picture of our firm without an understanding of our deep commitment to positive social impact, to corporate responsibility, and to giving back. At the heart of our community efforts is the Fengate Community Foundation Fund (FCFF), established in 2010 to enhance Fengate s philanthropic efforts and establish a more structured way of giving. The FCFF is a $1 million grant by Fengate that is administered by the Hamilton Community Foundation, ensuring donations and support reach causes and programs with the most need, within Canada and abroad. In addition to FCFF, Fengate directly donates hundreds of thousands of dollars and hundreds of hours every year in support of community and charitable organizations and events across Canada and the United States. In 2018, Fengate launched a partnership with ME to WE which, as part of the worldwide WE Movement, believes when people come together, we can create an even better world. Our work with ME to WE is focused on building a new, long-term fundraising program to support ME to WE s extensive charitable and education efforts, and on providing clean water to international communities in need. A proud supporter of ME to WE FCFF Fengate Community Foundation Fund 14 FENGATE Infrastructure Private Equity Real Estate
Environment We believe that investing in sustainable infrastructure and real estate projects is responsible on multiple levels; to the environment and, also, to our clients, partners and communities. Energy efficiency is critical for our natural environment and, also, reduces energy and lifecycle costs with projects and developments, saving our users and tenants, government partners and operators money. We are proud to develop and manage real estate and infrastructure projects that are LEED (Leadership in Energy and Environmental Design) certified, offering sustainable, environmentallyfriendly and technologically-advanced solutions. Signatory of the United Nations-supported Principles of Responsible Investing Fengate is proud to be recognized as one of Canada s Best Managed Companies since 2007, maintaining Platinum status. Fengate Capital Management Ltd. is registered as an investment fund manager, portfolio manager and exempt market dealer in the Province of Ontario and as an exempt market dealer in the Provinces of Quebec, Alberta and British Columbia. 15
*All values presented in this brochure are in Canadian dollars. Fengate refers to the Fengate group of companies which is comprised of Fengate Capital Management Ltd., its affiliated entities and the funds or other investment vehicles that they manage. Fengate has produced this information brochure (the brochure ) for informational purposes only. The information contained in the brochure (the Information ) is believed to be accurate at the time of publication of the brochure; however, Fengate does not guarantee or warrant or make any representations concerning the quality, suitability, accuracy completeness or timeliness of the information contained in the brochure. This brochure and the information contained within it does not constitute an offer or solicitation by anyone in any jurisdiction in which such an offer or solicitation is not authorized or to any person to whom it is unlawful to make such an offer or solicitation. In no event will Fengate be liable to any party for any claim or any direct, indirect, exemplary, incidental, punitive, special or other consequential damages arising out of information available in the brochure. Fengate is a trade name of Fengate Corporation. All other trade names, trademarks, service marks or logos found in this brochure are owned by their respective owners. 2018 registered and unregistered trademarks are the property of Fengate Corporation. Toronto Oakville Vancouver New York Houston Los Angeles info@fengate.com fengate.com 16 FENGATE Infrastructure Private Equity Real Estate