Business
Foresight announces first close of two new funds
Foresight announces first close of two new funds.
About this update from Foresight Group Holdings Ltd.
[{"type":"text","content":"\n \n \n LEI: 213800NNT42FFIZB1T09\n \n \n 13 June 2022\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Foresight accelerates its regional expansion strategy with first close of two new funds\n \n \n \n \n \n \n \n \n \n \n \n \n \n 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.\n \n \n \n \n \n Foresight has reached first close totalling £58 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.\n \n \n \n \n \n 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.\n \n \n \n \n \n \n \n \n \n Bernard Fairman, Executive Chairman of Foresight Group Holdings Limited, commented:\n \n \n \n \n \n \n \"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.\n \n \n \n \n \n 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.\"\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n For further information please contact:\n \n \n \n \n \n \n \n \n \n \n Foresight Group Investors\n \n \n \n \n \n \n Citigate Dewe Rogerson\n \n \n \n \n \n \n \n Liz Scorer\n \n \n \n \n Caroline Merrell / Toby Moore\n \n \n \n \n \n \n +44 (0) 7966 966956\n \n \n [email protected]\n \n \n \n \n \n \n +44 (0) 7852 210329 / +44 (0) 7768 981763\n \n \n caroli...