Foresight Group Holdings Limited, a leading infrastructure and private equity investment manager, has announced a successful fundraising of over £180 million in its private equity division. The AIB Foresight SME Impact Fund will receive additional funding from the Ireland Strategic Investment Fund to support small and medium-sized companies across Ireland. Foresight has also seen strong demand for its retail venture capital trust (VCT) offers, with both recently announced as oversubscribed, reflecting positively on the group's specialist in-house retail sales team and the strong recent performance of both funds.
These developments strengthen Foresight's position as a leading UK and Ireland regional SME investor, with the division's total fundraising reaching over £180 million in the financial year-to-date. This includes first closes for two new regional funds serving Wales and Northern Ireland, top-up investments into existing regional funds, and investments into VCT and EIS funds. Bernard Fairman, Executive Chairman of Foresight Group Holdings Limited, expressed confidence in the group's track record of profitable growth, driven by consistent fundraising into higher margin vehicles, strong fund performance, and the strength of their in-house sales team.
Foresight Group was founded in 1984 and is a leading listed infrastructure and private equity investment manager with a focus on ESG and sustainability-led strategies. The group manages over 400 infrastructure assets and an extensive footprint of regionally focused investment funds across the UK and Ireland. With operations in eight countries and AUM of £12.4 billion, Foresight Group Holdings Limited is listed on the Main Market of the London Stock Exchange and is a constituent of the FTSE250 index.
This announcement may contain forward-looking statements about the Company, involving known and unknown risks, uncertainties, assumptions, and other factors beyond the Company's control. If the assumptions on which the Company bases its forward-looking statements change, actual results may differ from those expressed in such statements.