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Year Founded: 1984

AUM: $15.27B | Dry Powder: $756.68M
32 London Bridge Street, London SE1 9SG, England, United Kingdom
Foresight Group, a private equity and infrastructure investment firm based in London, seeks to invest in the consumer products, industrial and manufacturing, software, healthcare and commercial services sectors, and cleanTech sectors in the United States, Australia, and UK

Key Contacts

  • Gary Fraser
    Partner, CFO and COO
  • David Hughes
    Partner and CIO
  • Bernard Fairman
    Co-Founder & Executive Chairman

Investment Preferences

  • Preferred Industries
    Energy Services, Exploration, Healthcare Devices and Supplies, Other Healthcare, Pharmaceuticals and Biotechnology, Hotels and Leisure, Retail, Services
  • Geographical Preference
    Australia, UK, US
  • Preferred Deal Types
    Buyout/LBO, Early-Stage VC, Later Stage VC, Management Buy-In, Management Buyout, Mezzanine, Seed Round
  • Other Investment Preferences
    • Prefers majority stake
    • Prefers minority stake
    • Seeks ESG investments

Investments By Year

Source: Pitchbook

Funds Closed

Foresight Energy Infrastructure
Vintage: 2021

Size: $1.0B

Dry Powder: $548.8M

Details: The fund targets to invest in renewable energy, infrastructure and cleantech sectors

Regional Investment Fund III
Vintage: 2021

Size: $91.0M

Dry Powder: $80.4M

Details: It is a buyout fund aimed at targeting growing SMEs

UK Waste Res. & Energy Investment Fund
Vintage: 2015

Size: $120.4M

Dry Powder: $10.1M

Details: The fund focuses on water & waste management and renewable energy sectors

Investments By Industry

Investments By Region

Source: Pitchbook

Key Investments

In October 2022, Foresight through its energy transition fund Foresight Energy Infrastructure Partners (FEIP) made its first investment in 1.6GWh pumped hydro energy storage and wind project in Scotland. The project, at the disused 1,547-acre Glenmuckloch opencast coal mine near Kirkconnel, will see the construction of a 210MW/1,600MWh capacity pumped hydro energy storage plant along with a 33.6MW wind farm

In August 2022, Foresight Solar Fund and JLEN Environmental Asset Group acquired a 50% equity stake in Clayfords Energy Storage Limited from Intelligent Land Investment Group for £14.1 million. CESL holds the development rights to construct a 50MW lithium-ion battery energy storage plant based in Buchan, Aberdeenshire, UK

In July 2022, a fund managed by Foresight Group acquired the 277MW Kolvallen wind farm in Sweden for approximately €100 million, of which €75 million is fixed and paid on closing, and €25 million is a variable consideration payable upon completion of the construction of the project

In May 2022, Foresight Group Holdings Ltd. and HydrogenOne Capital Growth Plc acquired stakes in HH2E AG for EUR6 million and will help the new hydrogen company to develop green energy projects in Germany

In May 2022, Foresight Group Holdings Ltd., through its Foresight Energy Infrastructure Partners fund, acquired a majority stake in a proposed 750MW electricity interconnector linking the power markets of Ireland and Great Britain. The value of the transaction was undisclosed. The two companies will work to complete the development of the MaresConnect project to financial close and the beginning of construction at the end of 2024

In January 2022, Foresight Solar Fund Ltd. acquired the remaining 51% interests in the Oakey 1 (30MW) and Longreach (17MW) solar farms in Queensland, Australia from Canadian Solar Inc for an undisclosed amount. The company had acquired a 49% stake in each farm in December 2017. The total equity consideration for the remaining stakes in the two assets is equivalent to approximately 1% of the fund’s latest NAV

In October 2021, Foresight Group Holdings Limited announced a joint venture investment into geothermal energy in the Netherlands. Foresight Energy Infrastructure Partners, Foresight’s energy transition fund along with 85 Degrees Renewable Ltd. has invested in a joint venture, which would focus on both the acquisition of operational wells as well as the construction of new wells. There is also a significant pipeline of development projects representing a potential build-out capacity of c. 200MW

In July 2021, ForVEI II, the joint venture between Foresight Group and VEI Green II, completed the refinancing of a portfolio consisting of 44 solar PV plants, which was valued at €118.9 million. The assets have a capacity of approximately 45MW and are located in Italy. The solar PV plants gets benefits from a long-term Feed in Tariff (“FiT”) scheme which was awarded by the GSE

Other Details

Foresight Group is an independent infrastructure and private equity investment manager with $15.18 billion of assets under management. Foresight Group has a team of more than 155 people. Foresight has  team of 110 investment, portfolio and technical professionals. The Foresight Group  portfolio comprised 337 infrastructure assets across 15 asset classes, with a total installed capacity of 3.1GW. The firm currently supports more than 200 UK SMES and manages money for more than 29,000 private investors, financial institutions, government organizations, pension funds and insurance companies 

AIB Foresight SME Impact Fund is an open fund of Foresight Group. It is an infrastructure opportunistic fund co-managed by Foresight Group and Allied Irish Banks. The fund seeks impact investment in energy and climate, air and employment and prefers to invest between €2 million and €5 million. The fund’s target size is $80.26 million

24Haymarket, 3i Group, 57 Stars, Aberdeen Asset Management, Acorn Capital Partners (UK), Adenium Energy Capital, Advent Venture Partners, Albany Venture Managers, Alliance Trust, Amati Global Investors, Beringea, Martlet, MSIF, MTI Partners, Parkwalk Advisors are some of the institutional investors who invest along with Foresight

Source: Company Website, Solarbusinesshub, worldofrenewables, renewables now, PV Tech, everoze, SparkSpread