On June 19, 2024, Caisse de dépôt et placement du Québec sold its entire stake in eStruxture Data Centers Inc. as part of a $1.8 billion recapitalization. Fengate Asset Management, an early investor in eStruxture, led the $1.5 billion stock purchase from existing investors and contributed an additional $300 million to support the company's growth. Other members of the buying consortium included Partners Group Holding AG, Pantheon Ventures, and the Laborers’ International Union of North America Pension Fund of Central and Eastern Canada. The management and early investor Jonathan Wener retained over $500 million of their stake.

The Caisse's gain was not disclosed, but eStruxture CEO Todd Coleman indicated a return significantly exceeding three times the original investment. The sale was part of Caisse's portfolio rebalancing. eStruxture, founded in 2017, operates 15 data centers across Canada and serves nearly 1,000 customers.

Fengate, supported by labor-sponsored funds, has invested heavily in Canadian infrastructure. The firm's diverse projects span health care, transportation, and renewable energy, including ventures in the U.S.