TIDMFSG

RNS Number : 1408B

Foresight Group Holdings Limited

08 June 2021

08 June 2021

Foresight Group Holdings Limited

Further interim close for FEIP with Fund commitments of EUR716 million and a total capital pool of EUR886 million

Foresight Group Holdings Limited ("Foresight"), a leading infrastructure and private equity manager, announces a further interim close for Foresight Energy Infrastructure Partners ("FEIP" or "the Fund"), a sustainability-led energy infrastructure fund investing predominantly in Europe, having secured total Fund commitments of c.EUR716 million. Including co-investments to date of EUR170m, this represents a total capital pool of cEUR886 million for Foresight's energy transition strategy.

The close sees a total of c.EUR285 million of new commitments from investors since the interim close announced in January 2021. Investors include several leading UK and Swedish institutions.

The Fund has made four investments to date, with new investments in a 16.8 MW Italian energy-from-waste plant and a 88 MW onshore wind farm in Finland announced in May 2021. All assets are independently assessed for compliance with the EU Green Taxonomy. Together with alignment to the UN's Sustainable Development Goals, this provides investors with greater transparency on the impact credentials of the portfolio and gives assurance that projects are making a genuine contribution to global sustainability targets.

Nigel Aitchison, Foresight's Head of Infrastructure, commented: "This latest FEIP close shows once again that investor appetite for Foresight's sustainability-led strategies is continuing to grow, while a strong pipeline of potential investment targets has also been supporting the fundraising process. The FEIP team led by Portfolio Managers Dan Wells and Richard Thompson are making excellent progress towards our objective of ensuring that FEIP becomes a leading platform in capturing opportunities from the evolving transition to a decarbonised energy infrastructure system in Europe, North America and Australia."

FEIP's investment strategy has been shaped to achieve specific decarbonisation objectives in line with the Paris Climate Agreement. It aligns with the UN's Sustainable Development Goals ("SDGs"), in particular with respect to Affordable and Clean Energy (SDG 7), Industry, Innovation and Infrastructure (SDG 9) and Climate Action (SDG 13).

Foresight offers high quality Sustainability and ESG reporting which covers ongoing monitoring of metrics including greenhouse gas reduction and greenhouse gas intensity of invested capital, renewable energy generation, and diversion of waste from landfill.

Foresight has partnered with Worthwhile Capital Partners as Placement Agent for the Nordic region and Astrid Advisors for Europe ex Nordics. Ashurst LLP acted as legal advisor.

https://www.fsg-investors.com/

Enquiries:

 
  Foresight Group 
 Jonathon McManus      IR@foresightgroup.eu / +44 (0) 7790 804 477 
 
 
 Citigate Dewe Rogerson (Public relations adviser to Foresight 
  Group) 
 Caroline Merrell      caroline.merrell@citigatedewerogerson.com 
                        / +44 (0) 7852 210 329 
 Toby Moore            toby.moore@citigatedewerogerson.com / +44 
                        (0) 7768 981 763 
 
 Corporate Brokers 
 
 Jefferies             +44 (0) 20 7029 8000 
 Paul Nicholls 
 Graham Davidson 
 Lee Morton 
 Max Jones 
 
 Numis                 +44 (0) 20 7260 1000 
 Stephen Westgate 
 Charlie Farquhar 
 Jamie Loughborough 
 Laura White

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June 08, 2021 02:18 ET (06:18 GMT)

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