Core Insights - Fengate Asset Management has successfully closed its investment in Paradigm Grand, a mixed-use condominium development in Burlington, Ontario, marking the second phase of the Paradigm Condos project [1] - The investment is managed on behalf of the LiUNA Pension Fund of Central and Eastern Canada, highlighting a commitment to creating residential communities and addressing housing needs in the region [2][3] Company Overview - Fengate Asset Management is a leading alternative investment manager with over $24 billion in assets under management, focusing on private equity, infrastructure, and real estate strategies [8] - The Molinaro Group, a partner in this project, has over 50 years of experience in real estate development and has contributed significantly to the Southern Ontario community with a portfolio of more than 10,000 residential units [10] Project Details - Paradigm Grand will feature 388 residential units, 18,000 square feet of retail space, 12,000 square feet of office space, and 549 parking stalls, all within an 18-storey, 380,000 square foot structure [4] - The project is designed to enhance urban living with premium amenities such as a pool, spa, fitness center, yoga studio, party room, lounge, games area, and outdoor terrace [5] Strategic Importance - The location of Paradigm Grand is strategically positioned near the Burlington GO Station and the QEW, emphasizing transit-oriented development [1][4] - The project aims to strengthen local communities and contribute to the housing supply in response to increasing demand in the Greater Toronto and Hamilton Area [3][4]