On July 30, 2025, eStruxture Data Centers (“eStruxture”), a Fengate Asset Management portfolio company and the largest Canadian data centre platform, closed a $750 million asset-backed securities (ABS) issuance, marking the first rated, Canadian asset-only securitization in the data centre sector. The ABS issuance forms the core of a broader $1.35 billion financing package that also includes a development-company revolving credit facility of up to $600 million in bank financing, underwritten by Scotiabank and National Bank Financial. The ABS notes were issued under eStruxture's industry-leading Green Finance Framework, which the company launched earlier in July 2025. Guggenheim Securities acted as the lead structuring advisor on the securitization, Scotiabank acted as the joint structuring advisor and joint active bookrunning manager, and National Bank acted as passive bookrunner. 

Davies Ward Phillips & Vineberg LLP acted as Canadian counsel to eStruxture. Fasken Martineau DuMoulin LLP acted as Alberta and special counsel to eStruxture, and King & Spalding LLP acted as U.S. counsel to eStruxture. DLA Piper LLP acted as counsel to the investors. Blake, Cassels & Graydon LLP acted as Canadian counsel and Chapman and Cutler LLP acted as New York counsel to the indenture trustee. McCarthy Tétrault LLP acted as Canadian counsel and Latham & Watkins LLP acted as New York counsel to the placement agent.