Foresight Group Holdings Limited Launch of AIB Foresight Impact Fund (6788K)
10 May 2022 - 3:09AM
UK Regulatory
TIDMFSG
RNS Number : 6788K
Foresight Group Holdings Limited
09 May 2022
LEI: 213800NNT42FFIZB1T09
9 May 2022
Launch of AIB Foresight Impact Fund ("the Fund")
Foresight Group Holdings Limited ("Foresight", "the Group"), a
leading infrastructure and private equity manager, is pleased to
announce that it has been appointed by Allied Irish Banks ("AIB"),
Ireland's largest financial services provider, to manage a new
small and medium-sized enterprise ("SME") equity fund[1].
AIB will be a cornerstone investor in the Fund, which aims to
stimulate job creation and deliver a greener future. The Fund will
typically provide equity investments of EUR2 million to EUR5
million and will support Irish businesses to contribute to a more
sustainable future.
AIB has signed an initial commitment of EUR30 million to the
Fund(1) , which will target a total raise of EUR75 million over
time. Foresight will shortly open an office in Dublin to support
the delivery of the Fund and is actively seeking investment
opportunities. This is Foresight's first expansion into the
Republic of Ireland and the first fund outside of the UK for its
Private Equity team. The Dublin office will be Foresight's
thirteenth office across what will be seven countries, including
the Republic of Ireland.
The Fund is positioned to benefit from Foresight's breadth of
experience across both its Private Equity and Infrastructure
divisions, leveraging each of their specialisms to deliver
attractive, risk-adjusted returns to its investors.
Bernard Fairman, Executive Chairman of Foresight Group Holdings
Limited, commented:
"As a sustainability-led alternative asset and private equity
manager, Foresight has been supporting UK SMEs for many years,
including in their transition to a low-carbon economy. We are
delighted to now be partnering with AIB to expand this support to
SMEs across Ireland.
"The AIB Foresight Impact Fund represents an exciting new
partnership and geographic expansion for the Group and is further
evidence of the tangible progress we are making towards delivering
our strategic growth plans."
Enquiries:
Foresight Group Investors Citigate Dewe Rogerson
Caroline Merrell / Toby
Liz Scorer Moore
+44 (0) 7852 210329
/ +44 (0) 7768 981763
+44 (0) 7966 966956 caroline.merrell@citigatedewerogerson.com
ir@foresightgroup.eu /
toby.moore@citigatedewerogerson.com
About Foresight Group Holdings Limited
Foresight Group was founded in 1984 and is a leading
infrastructure and private equity investment manager, operating
from 12 offices across six countries in Europe and Australia with
AUM of GBP8.7 billion as of 31 March 2022. 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 eight
regionally focused investment funds across the UK, supporting over
120 SMEs. Foresight Capital Management manages four strategies
across six investment vehicles with an AUM of over GBP1.6 billion.
It has made over 270 clean energy investments to date.
Foresight Group listed on the Main Market of the London Stock
Exchange in February 2021.
https://www.fsg-investors.com/
Disclaimer - Forward-looking statements
This statement, prepared by Foresight Group Holdings Limited
(the "Company"), may contain forward-looking statements about the
Company and its subsidiaries (the "Group"). Such forward-looking
statements can be identified by the use of forward-looking
terminology, including the terms "believes", "projects",
"estimates", "plans", "anticipates", "targets", "aims",
"continues", "expects", "intends", "hopes", "may", "will", "would",
"could" or "should" or, in each case, their negative or other
various or comparable terminology. Forward-looking statements
involve known and unknown risks, uncertainties, assumptions and
other factors which are beyond the Company's control and are based
on the Company's beliefs and expectations about future events as of
the date the statements are made. If the assumptions on which the
Group bases its forward-looking statements change, actual results
may differ from those expressed in such statements. There are a
number of factors that could cause actual results and developments
to differ materially from those expressed or implied by these
forward-looking statements, including those set out under
"Principal Risks" in the Company's annual report for the financial
year ended 31 March 2021. The annual report can be found on the
Company's website ( www.fsg-investors.com ). Forward-looking
statements speak only as of the date they are made. Except as
required by applicable law and regulation, the Company undertakes
no obligation to update these forward-looking statements. Nothing
in this statement should be construed as a profit forecast.
[1] Pending customary regulatory approvals
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