Foresight Group Holdings Limited Foresight - Third Close of FEIP (1454H)
02 August 2021 - 4:00PM
UK Regulatory
TIDMFSG
RNS Number : 1454H
Foresight Group Holdings Limited
02 August 2021
2 August 2021
Foresight Group Holdings Limited
Foresight Energy Infrastructure Partners ("FEIP") exceeds
initial hard cap with further interim close at EUR787 million and a
total capital pool of EUR957 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 commitments
of c.EUR787 million. Including co-investments to date of EUR170
million, this represents a total capital pool of c.EUR957 million
for Foresight's energy transition strategy.
The close sees a total of c.EUR71 million of new commitments
from investors since the interim close announced in June 2021. The
maximum fund size permitted has been increased following consent
from investors and the final close will now be in September 2021
after an extension to the fundraising period was granted.
The Fund has made four investments to date, two construction
greenfield wind assets, an operating wind farm and an
energy-from-waste plant. All assets have been independently
assessed for compliance with the EU Green Taxonomy and each asset
acquired by the Fund will also be certified. 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.
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.
About Foresight Group Holdings Limited
Foresight Group was founded in 1984 and is a leading
infrastructure and private equity investment manager. With a
long-established focus on ESG and sustainability-led strategies, it
aims to provide attractive returns to its institutional and private
investors from hard-to-access private markets. Foresight Group
manages over 300 infrastructure assets with a focus on solar and
onshore wind assets, bioenergy and waste, as well as renewable
energy enabling projects, energy efficiency management solutions,
social and core infrastructure projects and sustainable forestry
assets. Its private equity team manages five regionally focused
investment funds across the UK, supporting over 100 SMEs. Foresight
Group operates from 12 offices across six countries in Europe and
Australia with AUM of GBP7.8 billion as at 30 June 2021. Foresight
Group Holdings Limited listed on the Main Market of the London
Stock Exchange in February 2021. https://www.fsg-investors.com/
Enquiries:
Foresight Group
Louise Chesworth IR@foresightgroup.eu / +44 (0) 781 183 9587
Citigate Dewe Rogerson (Public relations adviser to Foresight
Group)
Caroline Merrell caroline.merrell@citigatedewerogerson.com / +44
7852 210329
Toby Moore toby.moore@citigatedewerogerson.com / +44 7768
981763
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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