REG - Foresight Group Hldg - EURO 300 million first closing of FEIP II

Foresight groupAnnouncement

05/06/2024 07:15

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RNS Number : 1270R  Foresight Group Holdings Limited  05 June 2024

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."

 

                                                      H-Advisors Maitland

 Foresight Group Investors
 Liz Scorer / Ben McGrory                             Sam Cartwright / Genevieve Ryan
 +44 (0) 7966 966956 / +44 (0) 7443 821577            +44 (0) 782 725 4561 / +44 (0) 781 710 5562
 ir@foresightgroup.eu (mailto:ir@foresightgroup.eu)   Foresight@h-advisors.global (mailto: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 (https://foresight.group/)  for more
information.

Follow us on LinkedIn
(https://www.linkedin.com/company/foresight-group/mycompany/?viewAsMember=true)
 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.

 

 1  Includes co-investment of €170 million

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