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Foresight Energy Infrastructure Partners (“FEIP”) exceeds initial hard cap with further interim close at €787 million and a total capital pool of €957 million

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Foresight Group Holdings Limited (“Foresight”), a leading infrastructure and private equity manager, announces a further interim close for Foresight Energy Infrastructure Partners (“FEIP” or “the Fund”), a sustainability-led energy infrastructure fund investing predominantly in Europe, having secured total commitments of c.€787 million.  Including co-investments to date of €170 million, this represents a total capital pool of c.€957 million for Foresight’s energy transition strategy.

The close sees a total of c.€71 million of new commitments from investors since the interim close announced in June 2021.  The maximum fund size permitted has been increased following consent from investors and the final close will now be  in September 2021 after an extension to the fundraising period was  granted.

The Fund has made four investments to date, two construction greenfield wind assets, an operating wind farm and an energy-from-waste plant. All assets have been independently assessed for compliance with the EU Green Taxonomy and each asset acquired by the Fund will also be certified. Together with alignment to the UN’s Sustainable Development Goals, this provides investors with greater transparency on the impact credentials of the portfolio and gives assurance that projects are making a genuine contribution to global sustainability targets.

FEIP’s investment strategy has been shaped to achieve specific decarbonisation objectives in line with the Paris Climate Agreement. It aligns with the UN’s Sustainable Development Goals (“SDGs”), in particular with respect to Affordable and Clean Energy (SDG 7), Industry, Innovation and Infrastructure (SDG 9) and Climate Action (SDG 13).

Foresight offers high quality Sustainability and ESG reporting which covers ongoing monitoring of metrics including greenhouse gas reduction and greenhouse gas intensity of invested capital, renewable energy generation, and diversion of waste from landfill.

Foresight has partnered with Worthwhile Capital Partners as Placement Agent for the Nordic region and Astrid Advisors for Europe ex Nordics. Ashurst LLP acted as legal advisor.

About Foresight Group Holdings Limited

Foresight Group was founded in 1984 and is a leading infrastructure and private equity investment manager.  With a long-established focus on ESG and sustainability-led strategies, it aims to provide attractive returns to its institutional and private investors from hard-to-access private markets. Foresight Group manages over 300 infrastructure assets with a focus on solar and onshore wind assets, bioenergy and waste, as well as renewable energy enabling projects, energy efficiency management solutions, social and core infrastructure projects and sustainable forestry assets. Its private equity team manages five regionally focused investment funds across the UK, supporting over 100 SMEs.  Foresight Group operates from 12 offices across six countries in Europe and Australia with AUM of £7.8 billion as at 30 June 2021.  Foresight Group Holdings Limited listed on the Main Market of the London Stock Exchange in February 2021. https://www.fsg-investors.com/

Enquiries:

Foresight Group

Louise Chesworth IR@foresightgroup.eu / +44 (0) 781 183 9587

 

Citigate Dewe Rogerson (Public relations adviser to Foresight Group)

Caroline Merrell caroline.merrell@citigatedewerogerson.com / +44 7852 210329

Toby Moore toby.moore@citigatedewerogerson.com / +44 7768 981763

 

Corporate Brokers

Jefferies +44 (0) 20 7029 8000

Paul Nicholls

Graham Davidson

Lee Morton

Max Jones

 

Numis +44 (0) 20 7260 1000

Stephen Westgate

Charlie Farquhar

Jamie Loughborough

Laura White