Foresight Group (LON: FSG) Secures €300 Million Commitments for Flagship Energy Transition Strategy

2 min read | June 05, 2024 05:46 AM EDT | By Team Kalkine Media

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Foresight Group (LON: FSG) Secures €300 Million Commitments for Flagship Energy Transition Strategy — Image source: Photo by Pixabay

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Foresight Group Holdings Limited (LON: FSG), a leading infrastructure and private equity investment manager, has provided an update on the progress of its flagship energy transition strategy, marking a significant milestone in its ongoing commitment to sustainable investing.

The company announced the first close of Foresight Energy Infrastructure Partners II SCSp ("FEIP II" or the "Fund"), with secured commitments totaling €300 million. This achievement, which comes three months after the conclusion of FEIP I's investment period, signifies robust investor confidence in Foresight's vision and strategy for the future of energy transition.

The first close of FEIP II welcomes two new cornerstone investors to the strategy, highlighting growing investor appetite for sustainable infrastructure investments. With the target fundraising set at €1.25 billion, the successful first close marks a significant scaling up of nearly 50% compared to the previous vintage, demonstrating Foresight's ability to attract institutional capital towards low carbon strategies.

Bernard Fairman, Executive Chairman of Foresight Group Holdings Limited, expressed confidence in the Group's ability to achieve its fundraising targets and deliver profitable growth for its shareholders. He emphasized the quality and demand for Foresight's energy transition strategy, citing ongoing discussions with existing and new international investors across various sustainable investment strategies.

The successful first close of FEIP II represents a significant step forward for Foresight Group as it continues to lead the way in sustainable infrastructure investing. With a strong commitment to delivering impactful solutions for the global energy transition, Foresight remains well-positioned to capitalize on emerging opportunities and drive positive change in the industry.

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