In a strategic move to accelerate its growth in the United States, Canadian alternative investment manager Fengate Asset Management has announced a key leadership appointment for its real estate division.
A Strategic Hire for U.S. Growth
Fengate Asset Management confirmed on December 17, 2025, that it has appointed Alexander Glassman as the new Managing Director, Real Estate, U.S. Investments. This decision highlights the firm's focused strategy to expand its real estate platform significantly in the American market.
Glassman will operate from Fengate's Miami office, which opened earlier in 2025 to support the company's infrastructure, private equity, and real estate operations in the region. His core responsibilities will include driving the firm's U.S. real estate investment strategy, developing market insights in key geographic areas, building vital industry relationships, and ensuring all activities meet regulatory standards.
Extensive Experience to Drive Platform Success
The new managing director brings over ten years of direct investing experience to the role. His background is diverse, covering multiple real estate sectors including multifamily housing, affordable and workforce housing, student housing, hospitality, and healthcare-adjacent opportunities. Glassman's expertise also extends to structured debt and equity transactions as well as municipal and tax-exempt financing.
Prior to joining Fengate, Glassman served as a Managing Director at Fundamental Advisors LP. In that position, he led originations, credit underwriting, and capital markets activities, managing a substantial portfolio of multifamily and affordable housing properties valued at approximately US $3.0 billion. He is a graduate of the University of Michigan's Ross School of Business, holding a Bachelor of Business Administration (BBA).
Collaboration and a Proven Track Record
In his new position, Glassman will work closely with Fengate's Infrastructure and Private Equity teams to identify and execute cross-platform opportunities. Jaime McKenna, President of Fengate Real Estate, emphasized the significance of this appointment.
"The U.S. market represents a significant growth opportunity for Fengate Real Estate, and Alex’s appointment marks an important step in scaling our platform," stated McKenna. "His extensive experience and proven track record in sourcing and structuring complex transactions will further strengthen our ability to deliver value for our investors and partners."
McKenna added that Glassman will collaborate with colleagues in Canada, leveraging best practices and insights from the firm's domestic success to foster innovation and excellence across both markets.
Fengate Asset Management is a leading alternative investment manager with over $40 billion in assets under management, focusing on infrastructure, private equity, and real estate. Its real estate division, Fengate Real Estate, manages a portfolio worth approximately $20 billion. This portfolio includes a pipeline of more than 25,000 residential units and over 5 million square feet of industrial space in various development stages.
