Fengate Asset Management is betting big on transport infrastructure as a cornerstone investment opportunity, with managing director Darcy Wilson highlighting the sector's essential role in North America's economy. Transport accounts for over 9 percent of US GDP and supports more than 750,000 companies, making it a critical foundation for private investment.

Wilson notes that while data centers generate excitement, transport infrastructure offers proven longevity and resilience. Assets like highways, airports, and rail systems have operated for over a century and face minimal disruption risk. The firm sees particular promise in airport infrastructure, aerial firefighting services, and rail sector opportunities, especially as large-scale railroad mergers create potential for divestitures and outsourcing.

Despite competition from other infrastructure investors, Fengate focuses on mid-market opportunities outside traditional sell-side processes. The firm's willingness to take on development risk and build-to-core approach differentiates it from investors who avoid construction exposure. With government infrastructure investment limited and a massive backlog of needed projects, private capital is increasingly essential to modernize North America's transport systems.