Foresight Group ("Foresight”) has been voted VCT House of the Year at the 2016 Unquote British Private Equity Awards. The award was announced at an industry reception at The Brewery, Chiswell Street, hosted by Krishnan Guru-Murthy on behalf of Unquote, where the great and the good from the Private Equity world had gathered to celebrate innovation and excellence in private equity and venture capital in 2015 - 2016.
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Highlights from Foresight’s Private Equity team over the period, which were picked out and commented upon by the judges included:
- Eleven growth capital investments into SMEs over the period totalling £33 million
- Nine full and partial exits from the portfolio delivering an average 3.7x return for investors first close and launch of an institutional fund focused on the North West
- The opening of Foresight's second regional office in Manchester
- The successful £25 million fundraise for Foresight VCT
The judging panel commented: "Foresight really impressed the judges this year with their sustained work rate and strong returns.”
Foresight’s private equity team has seen rapid expansion and now numbers 16 investment professionals, based in offices in London, Nottingham and Manchester.
Russell Healey, Partner and Head of Private Equity at Foresight, who picked up the award on behalf of his team said: "It’s fantastic for the private equity team at Foresight to have their work recognised in this way by their peers. It has been an extremely productive year, which has included expansion into the North West with the launch of our second regional fund and a series of successful growth capital investments. We are seeing a promising pipeline of potential deals for our VCTs and institutional regional funds and we look forward to continuing to drive growth in UK SMEs over the forthcoming year.”
In addition to the VCT House of the Year award, Foresight had also been shortlisted in the Exit of the Year – VCT category, for the sale of Defaqto to Synova Capital in 2015.
For further information, please contact:
Ben Thompson, Foresight Group: firstname.lastname@example.org / +44 (0) 20 3667 8155.
NOTES TO EDITORS
About Foresight Group LLP ("Foresight”):
Foresight Group is a leading independent infrastructure and private equity investment manager which has been managing investment funds on behalf of institutions and retail clients for more than 30 years.
Foresight has over £2 billion of assets under management across a number of funds, including Listed Vehicles, Limited Partnerships, Enterprise Investment Schemes (EISs) and Venture Capital Trusts (VCTs).