Fengate Overview

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FENGATE CORPORATE OVERVIEW

Leading investor.

Trusted and innovative partner.

ABOUT FENGATE

Fengate is a leading alternative investment manager, with more than $10 billion of capital commitments under management, focused on infrastructure, private equity and real estate strategies. With offices in Ontario and Texas, and team members across North America, Fengate leverages 50 years of entrepreneurial experience to deliver excellent results on behalf of our clients, partners and the communities we work in.

FENGATE INFRASTRUCTURE

Fengate is a leading North American infrastructure investor and developer, with a proven track record of success since 2006.

Fengate focuses on mid-market greenfield and brownfield infrastructure assets in the transportation, social, energy transition and digital sectors. We leverage our long-standing relationships with design-builders, operators and developers to source, develop, build and manage investments in infrastructure projects across North America.

With a dedicated team of 60+ experienced professionals, Fengate employs a disciplined approach on behalf of our investors and partners, playing a lead role in the bidding and development phases of infrastructure projects, as well as the ongoing day-today management of construction and operations of each asset. Our in-house asset and financial management staff create value through active management to deliver strong investment results.

Fengate Infrastructure is committed to responsible investment and to bringing transparency and accountability to monitoring asset level environmental, social and governance factors.

Prairie Switch Wind

Houston, Texas

INFRASTRUCTURE PROJECTS

eStruxture Data Centers

Multiple locations, Canada

LAX ConRAC

Los Angeles, California

Clackamas County

Replacement Courthouse

Clackamas County, Oregon

FENGATE PRIVATE EQUITY

Established in 2016, Fengate Private Equity is an investment platform focused on partnering with growth-oriented businesses in the business services, healthcare, and consumer sectors, with more than $700M in assets under management. Our mission is to partner with entrepreneurs to help them realize their growth ambitions and drive lasting positive change in their businesses –an approach we describe as providing Transformative Capital. With a 50-year entrepreneurial history, we understand the challenges presented with scaling a business. Our Transformative Capital approach was designed to create long and lasting positive change in the businesses we invest in.

3.0X+ MOIC on realized investments to date

$3.8B Realized value created 18+ Professionals $700M in assets under management

Inflector Environmental Services

Website: www.inflector.ca

Headquarters: Ottawa, Ontario

GraceMed

Website: www.gracemed.com

Headquarters: Oakville, Ontario

FENGATE REAL ESTATE

Fengate Real Estate has been sourcing, developing, and managing commercial and residential real estate assets across the risk-return spectrum on behalf of our institutional investors since 1974. We are focused on delivering exceptional value-add to our investors through the following strategies: Land Entitlement, Build-to-Core, Core, Opportunistic. The multi-disciplinary Fengate Real Estate team is comprised of more than 80 real estate professionals with decades of experience from across the industry, enabling us to offer our clients a comprehensive and integrated platform providing best-in-class asset and investment management along with robust development capabilities.

The Fengate Real Estate team understands our work is not just about buildings and land, but about people, neighbourhoods, vibrant communities, and sustainability. In line with Fengate’s ESG commitments, we work hard to address and bring our vision to senior housing needs; purpose-built, transit-oriented rental housing needs; student housing needs; and the critical importance of progressive environmental and social impact with investments.

$15B+

15,000+

Rail Deck Development

Toronto, Ontario

REAL ESTATE PORTFOLIO

Natasha the Residences

Toronto, Ontario

Residential Development

Milieu and Ballantyne

Ottawa, Ontario

Purpose-Built Rental Income Property

350 Hunter’s Valley Road

Vaughan, Ontario

Industrial Development

CORPORATE RESPONSIBILITY AND SOCIAL IMPACT

Fengate is not just about delivering excellent investment results.

We know that acting responsibly to our environment, our stakeholders, which include a significant roster of institutional investors, and our growing communities is fundamental.

We believe that responsible corporate behaviour and responsible investment are intrinsic to strong, long-term investment returns and therefore strive to align such principles with our portfolio objectives in each of our business lines. Fengate is a signatory of the United Nations-supported Principles of Responsible Investment (UNPRI), and we integrate material environmental, social, and governance (ESG) considerations into all stages of our investment process. In 2024, we published our inaugural Sustainability Report, highlighting key ESG initiatives across our three business units throughout 2023 and Q1 of 2024.

At the heart of our community efforts is the Fengate Community Foundation (FCF), established in 2010 to enhance Fengate’s philanthropic efforts and establish a more structured way of giving. The FCF is an approximately $2 million grant 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 FCF, 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.

Fengate’s ongoing commitment to diversity, equity and inclusion remains at the forefront of our core values. We strongly believe in cultivating an inclusive workplace in which every employee can thrive and be their

authentic self. Our firm is wonderfully enriched by the diversity of our team, and we pride ourselves in our ability to attract, develop, and retain diverse talent. Championing diversity and inclusion is not only the right thing to do, but it strengthens our business and continues to position Fengate as an industry leader into the future. In 2021, we established Fengate’s EBID Think Tank (equity, belonging, inclusion and diversity) – consisting of leaders and employees of all backgrounds and levels throughout our firm – to help advance our EBID objectives, move reconciliation forward and continue to positively impact our communities.

Looking forward, we will continue to work with our employees, investors, partners, service providers, and community to align our ESG strategy and sustainability-related performance to create resilient and long-term value for our investors and stakeholders.

FENGATE’S ESG OBJECTIVES

1

To integrate ESG assessment in our investment process including origination, investment due diligence, approval, asset management and disposition.

2

To quantify the risk and return impact of ESG factors where possible.

3

To monitor ESG factors in our asset management activities.

4

To report on and be accountable for ESG-related matters for our investors.

5

To promote responsible investment principles to our employees, partners, service providers and investors.

CELEBRATING OUR ACHIEVEMENTS

Fengate is recognized for our industryleading performance, business practices, and sustained growth, but also for our commitment to cultivating a great workplace culture for our staff.

The firm has been the recipient of Canada’s Best Managed Companies award for 17 consecutive years, awarded Canada’s Most Admired Corporate Cultures award since 2022, and has received over 20 Great Place to Work® certifications.

*All values presented in this brochure are in Canadian dollars. unless otherwise specified

“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.

Kevin Reid

Executive Vice President, Investor Relations and Capital Formation kevin.reid@fengate.com

© 2024 Serafini Holdings Corporation. All rights reserved. Designed and produced by Fengate. 2024.10.01 Fengate.com info@fengate.com Toronto | Houston | Oakville

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