Foresight is pleased to announce it has secured commitments of €300 million in 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, including Border to Coast Pensions Partnership, a UK pension pool for Local Government Pension Schemes. The first close comes three months after FEIP I’s Investment Period concluded, having deployed over €1 billion[1] in capital.

 

Download the full PDF Press Release.

 

FEIP II seeks to deliver a total return in the form of capital growth and stable income by constructing a diversified portfolio of energy infrastructure assets across renewable energy generation, energy storage and grid infrastructure. The diversified investment strategy has been set specifically in the context of the significant market opportunity to decarbonise the global power system which is supported by strong regulatory tailwinds.

 

The investment strategy of FEIP II is focused on long-term value creation, with a focus on investing in strategic energy assets that eliminate bottlenecks to the energy transition. FEIP II is an SFDR[1] Article 9 fund which aims to make investments aligned to the EU Taxonomy.

 

The momentum for future fund closes is strong, supported by multiple ongoing discussions with existing and new investors. We are confident of reaching at least our target fundraise of €1.25 billion during 2025, marking a scaling up of nearly 50% on the prior vintage.

 

Dan Wells, Partner Foresight Group, Fund Manager, commented:

“We are delighted to announce the first close of the second vintage of our flagship energy transition fund. With the support of our investors, we are well positioned to continue our further fundraising momentum as we look to provide vital investment in the energy transition in Europe and beyond.”

 

Richard Thompson, Partner Foresight Group, Fund Manager, added:

“We look forward to building upon the success of Fund I, investing in key strategic energy assets that remove bottlenecks to the energy transition facilitating the deployment of more renewables and the achievement of net zero goals. These critical infrastructure assets have long term value and in conjunction with FEIP’s unique approach to portfolio construction, are expected to deliver superior risk-adjusted returns for our investors.”

 

Get in touch: 

Foresight Group Investors

Liz Scorer / Ben McGrory

+44 (0) 7966 966956 / +44 (0) 7443 821577

ir@foresightgroup.eu

H-Advisors Maitland

Sam Cartwright / Genevieve Ryan

+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.

 

NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR TO THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, THE REPUBLIC OF SOUTH AFRICA, JAPAN OR ANY MEMBER STATE OF THE EEA OR ANY OTHER JURISDICTION IN WHICH THE PUBLICATION, DISTRIBUTION OR RELEASE OF THIS ANNOUNCEMENT WOULD BE UNLAWFUL