Foresight Group Holdings Limited Foresight announces first close of two new funds (5585O)
13 June 2022 - 4:01PM
UK Regulatory
TIDMFSG
RNS Number : 5585O
Foresight Group Holdings Limited
13 June 2022
LEI: 213800NNT42FFIZB1T09
13 June 2022
Foresight accelerates its regional expansion strategy with first
close of two new funds
Foresight Group Holdings Limited ("Foresight", "Foresight
Group", the "Group"), a leading infrastructure and private equity
manager, is pleased to announce further success in its regional
private equity strategy following the recent launch of its first
non-UK private equity fund, the AIB Foresight Impact fund.
Foresight has reached first close totalling GBP58 million across
two new UK regional funds. Foresight Regional Investment IV LP will
focus on the North East and Yorkshire region and is the fourth fund
in this successful strategy. This fund will work alongside the
Foresight West Yorkshire SME Investment Fund which will invest in
West Yorkshire. These strategically important funds will support
the establishment of new offices in Leeds and Newcastle, which will
take Foresight's UK regional office footprint to ten with the
previously announced Dublin office also due to open shortly.
In addition, Foresight has received top-up investments to its
Scottish Growth Fund and North West focused Foresight Regional
Investment III LP in the past month.
Bernard Fairman, Executive Chairman of Foresight Group Holdings
Limited, commented:
"These two new UK regional funds materially enhance our local
footprint and provide further tangible evidence of our ability to
deliver high-quality organic growth.
The implementation of this strategy will continue to see us
deliver increasing numbers of sustainable investments and job
creation in the regions and, importantly, enhanced returns for our
investors."
For further information please contact:
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 listed
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 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 and a SME impact fund supporting Irish SMEs.
This team reviews close to 2,500 business plans each year and
currently supports more than 130 SMEs. Foresight Capital Management
manages four strategies across six investment vehicles with an AUM
of over GBP1.6 billion.
Foresight operates from 12 offices across six countries in
Europe and Australia, with AUM of over GBP9 billion as at 13 June
2022. Foresight Group Holdings Limited 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.
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