Korean groups launch $180m North America infrastructure mandate
A group of Korean institutional investors led by a unit of KB Financial Group has awarded a North American infrastructure mandate worth $180 million to Fengate Capital Management.
The fund will target infrastructure assets such as roads, hospitals and renewable energy in Canada and the US. Its investors are the Public Officials Benefits Association, Dongbu Insurance, Heungkuk Life Insurance, Hyundai Marine & Fire Insurance and Lotte Insurance.
"We are thrilled that these global, world class institutions have endorsed Fengate and our disciplined approach to creating long term sustainable yields from infrastructure investments," said Lou Serafini, president and CEO of Fengate, in a statement.
Fengate, which has approximately $2 billion in assets under management, specializes in infrastructure, commercial real estate and seniors housing investment. It has considerable experience in public-private partnerships, independent power projects and real estate development.
More on LPs
Latest News
Asian GPs slow implementation of ESG policies - survey
Asia-based private equity firms are assigning more dedicated resources to environment, social, and governance (ESG) programmes, but policy changes have slowed in the past 12 months, in part due to concerns raised internally and by LPs, according to a...
Singapore fintech start-up LXA gets $10m seed round
New Enterprise Associates (NEA) has led a USD 10m seed round for Singapore’s LXA, a financial technology start-up launched by a former Asia senior executive at The Blackstone Group.
India's InCred announces $60m round, claims unicorn status
Indian non-bank lender InCred Financial Services said it has received INR 5bn (USD 60m) at a valuation of at least USD 1bn from unnamed investors including “a global private equity fund.”
Insight leads $50m round for Australia's Roller
Insight Partners has led a USD 50m round for Australia’s Roller, a venue management software provider specializing in family fun parks.