Fengate Capital Management

Lou Serafini Jr. serves as President and CEO, with George Theodoropoulos as Managing Partner. Investment leadership is further divided by platform: Jaime McKenna heads real estate, and Jennifer Pereira leads private equity. Infrastructure decisions are directed by the executive partnership group.

Fengate operates through three distinct verticals — infrastructure, private equity, and real estate — under one parent entity. This structure is more common among Canadian pension funds than private asset managers. The firm raises capital from 80+ institutional clients rather than managing a single family’s wealth.

Fengate acts as a direct developer, operator, and asset manager rather than solely a fund allocator. In infrastructure, it develops greenfield energy transition and digital projects. Its real estate group handles the full lifecycle, from development through asset management, and its private equity team takes operational roles in portfolio companies.

According to Altss research, Fengate's private equity practice targets investments across early stage, seed, startup, expansion, growth, recapitalization, secondaries, and succession situations. This spans from venture-stage to mature company buyouts, deployed primarily in the lower middle market across North America.

Fengate invests exclusively across North America. It maintains investment offices in Toronto, Oakville, Miami, and Houston — reflecting a deliberate focus on Canadian and US markets across all three of its investment platforms.

Fengate states that responsible investment is embedded in how it invests and manages assets, rather than siloed into a separate ESG function. In May 2026, it co-launched the 'Building Her Up' scholarship with Building Up to support women entering the skilled trades, reflecting its real estate and construction workforce interests.

Fengate reports $12B+ in total capital commitments raised from third-party investors and its general partner. The separate $27B+ figure represents enterprise value adjusted for ownership in infrastructure and private equity assets, plus project gross asset value for real estate assets, along with undrawn commitments and recallable distributions. Neither figure conforms to a standard regulatory AUM metric, which is why Altss does not publish a simple AUM number for the firm.