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Building Buzz
Fengate Turns 50
In 1974, 21 years after immigrating to Canada, Louis Serafini Sr. founded Fengate Capital Management Ltd. as a real estate brokerage and property management business in Hamilton.
Fifty years later, the now-Oakville based company includes offices in Vancouver and Houston and has developed a reputation for looking after the communities in which it operates.
Serafini established an affordable housing division with the Hamilton Community Foundation and the Sons of Italy in 1981, developing over $150 million of affordable units. In 1995, he made the decision to concentrate business in the GTA. Five years later, Fengate launched Northgate Properties Inc., its first fund, investing in real estate on behalf of a group of high-networth investors
Louis Serafini Jr. took the reins as CEO and president in 2005, with the company soon establishing the LPF Infrastructure Fund LP, its first infrastructure fund.
In 2010, the Fengate Community Foundation was created to support numerous charitable organizations. That support evolved with the Fengate Recreation Fund in 2019.
Fengate has since launched an ESG committee and EBID (equity, belonging, inclusion and diversity) think tank.
