LEI: 213800NNT42FFIZB1T09
05 June 2024
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€300 million first closing of
FEIP II
Foresight Group Holdings Limited
("Foresight", the "Group"), a leading infrastructure and private
equity investment manager, today provides an update on progress
with its flagship energy transition strategy.
Foresight is pleased to announce it
has secured commitments of €300 million for the first close of
Foresight Energy Infrastructure Partners II SCSp ("FEIP II" or, the
"Fund"), the successor fund to FEIP I. The first close welcomes two
new cornerstone investors to the strategy and is timed to meet
investor requirements. The first close comes three months after
FEIP I's Investment Period concluded, having deployed over €1
billion[1] in capital.
Foresight is encouraged by investor
appetite for the strategy to date as the Group works towards the
target fundraise of €1.25 billion, marking a scaling up of nearly
50% on the prior vintage.
Bernard Fairman, Executive Chairman of Foresight Group
Holdings Limited, commented:
"The successful first close of FEIP II demonstrates the
quality and demand for our flagship energy transition strategy. It
marks a significant milestone for the Group as we aim to raise
multiple institutional infrastructure funds across a range of low
carbon strategies. Given ongoing discussions with existing and new
international investors across these strategies, I have every
confidence in our ability to achieve our fundraising targets and
continue to deliver profitable growth for our
shareholders."
Foresight Group Investors
|
H-Advisors Maitland
|
Liz Scorer / Ben McGrory
|
Sam Cartwright / Genevieve
Ryan
|
+44 (0) 7966 966956 / +44 (0) 7443
821577 ir@foresightgroup.eu
|
+44 (0) 782 725 4561 / +44 (0) 781
710 5562 Foresight@h-advisors.global
|
About Foresight Group Holdings Limited
Founded in 1984, Foresight is a
leading investment manager in real assets and capital for growth,
operating across UK, Europe, and Australia.
With decades of experience,
Foresight offers investors access to attractive investment
opportunities at the forefront of change. Foresight actively builds
and grows investment solutions to support the energy transition,
decarbonise industry, enhance nature recovery and realise the
economic potential of ambitious companies.
A constituent of the FTSE 250 index,
Foresight's diversified investment strategies combine financial and
operational skillsets to maximise asset value and provide
attractive returns to its investors. Its wide range of private and
public funds is complemented with a variety of investment solutions
designed for the retail market.
Foresight is united by a shared
commitment to build a sustainable future and grow thriving
companies and economies.
Visit https://foresight.group for
more information.
Follow us
on LinkedIn for
key updates.
Disclaimer - Forward-looking statements
This announcement, prepared by
Foresight Group Holdings Limited (the "Company"), may contain
forward-looking statements about the Company. 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
Company 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 2023. The annual report can be found on the
Company's website (https://www.foresightgroup.eu/). 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 announcement should be construed as a profit
forecast.