Foresight strengthens regional presence with new office in Manchester.


-Foresight Regional Investment Fund launches with Champagne Reception In Manchester –
 
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24 March 2016: Leading small cap private equity investment manager, Foresight Group ("Foresight”), has strengthened its regional offering, opening an office on Manchester’s King Street earlier this week. The opening of the office was marked with a champagne reception at Manchester’s new boutique hotel, King Street Townhouse on Tuesday evening attended by sixty local corporate finance and legal professionals.

The office on King Street will be the base for Foresight’s permanent local team of three investment professionals who are being recruited as part of the fund strategy to focus on deploying the recently launched £40 million Foresight Regional Investment Fund, alongside Foresight Private Equity’s ten strong national team based in London and Nottingham.

The first member of the Manchester based team is Senior Investment Manager Claire Alvarez. Claire joined from Deloitte’s Manchester practice where she spent six years, latterly advising banks and SME company directors. She also has previous experience from KPMG and corporate finance firm Altium.

The fund will typically invest between £1 million and £5 million in growing SMEs in the North West of England, North Wales and South Yorkshire, and is the second regional fund under Foresight’s management, the first being Foresight Nottingham Fund, a £40 million fund investing up to £2 million in growth SMEs in the Nottinghamshire area.

James Livingston, Partner, Foresight Group, commented:

"Establishing a regional office in Manchester is an integral part of our fund strategy, demonstrating real commitment to the region and enabling an even deeper local network, delivering the best opportunities for investment.”

Claire Alvarez, Senior Investment Manager, Foresight Group, commented:

"I am delighted to join Foresight’s Manchester office and I am looking forward to investing in MBO, MBI, growth capital and replacement capital opportunities in the region. Our launch event on Tuesday night gave us the perfect opportunity to build some new relationships whilst strengthen existing relationships in the area and we look forward to hosting further events across the North West.”
 
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For further information, please contact:
 
Ben Thompson: bthompson@foresightgroup.eu 020 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 £1.8 billion of assets under management across a number of funds, including Listed Vehicles, Limited Partnerships, Enterprise Investment Schemes (EISs) and Venture Capital Trusts (VCTs).
 
www.foresightgroup.eu