Fiera Infrastructure

Fiera Infrastructure is the dedicated infrastructure investment platform of Fiera Capital, a publicly traded multi-boutique asset manager headquartered in Montreal. It operates with its own investment team and committee, though it benefits from Fiera Capital’s broader institutional distribution and operational infrastructure. This structure gives the infrastructure group a degree of autonomy while providing access to a large, permanent-capital parent balance sheet.

Fiera Infrastructure targets direct equity investments in mid-market infrastructure, with a focus on core and core-plus assets. The firm typically acquires controlling or significant minority stakes in operating businesses and greenfield projects that have long-term contracted or regulated cash flows. It does not pursue venture-stage infrastructure technology or public-market infrastructure securities.

The firm has not publicly disclosed explicit exclusions beyond its focus on infrastructure subsectors. Its portfolio and website concentrate on energy transition, digital, social, and transportation infrastructure, suggesting limited appetite for commodity-exposed merchant power, upstream energy, or traditional heavy-industrial infrastructure without an ESG angle.

Fiera Infrastructure primarily executes direct equity investments on behalf of its commingled, closed-end funds and separately managed accounts. While the firm’s website emphasizes direct investment and co-investment, it does not publicly market a fund-of-funds program that commits to third-party infrastructure GPs.

Fiera Infrastructure integrates ESG into its investment analysis and asset management processes, and it publishes an annual Sustainable Investing Report. The firm submits its vehicles to GRESB, where it has recorded top-quartile scores annually from 2022 through 2024. Its recent portfolio activity — including a landfill gas-to-energy platform, a renewable wind exit, and a social housing launch — reflects an explicit tilt toward environmental and social infrastructure.

The firm announced leadership appointments in 2024, with a new head of infrastructure taking the helm (per the firm’s press release, 2024). While the parent company does not disclose a full investment-committee roster on the website, the specialized infrastructure team is described as composed of professionals with principal-investing, portfolio-management, and advisory backgrounds across the asset class.

The firm’s stated geographic footprint covers North America and Europe, with confirmed investments in Canada, the United States, the United Kingdom, and Greece. There is no public evidence of portfolio assets, offices, or fund vehicles targeting Asia or Latin America.