Fengate hires new US portfolio manager

Former BayernLB senior director Greg Calhoun will manage US investment activities out of Fengate’s Houston office.

Toronto-based Fengate Real Asset Investments has hired a former BayernLB senior director to head up its US infrastructure portfolio.

The infrastructure and real estate investor has appointed Greg Calhoun, based in Houston, as director of US infrastructure. The firm said he will be responsible for infrastructure investment activities, partner relationships and growth of its US portfolio.

In his position at BayernLB, Calhoun led project finance transactions of $1 billion in the wind, solar, energy storage, natural gas and midstream sectors.

Earlier this year, Fengate strengthened its infrastructure team with the hire of Anne Stewart to provide legal and business advice on deal transactions and business arrangements.

Fengate is a real asset investment firm with a focus on infrastructure, real estate and private equity with $2.9 billion of assets under management. Its renewable energy portfolio includes solar, wind, hydro and biomass projects in Canada and the UK.

The firm is part of a shortlisted team bidding on the C$535 million ($423 million; €366 million) development of a light rail expansion in Ottawa.

In February, Fengate purchased three solar projects in Ontario for C$257 million, as part of a partnership between the investor and Canadian Solar, one of North America’s largest solar developers.