Foresight Group expands sales team

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28 July 2009: Foresight Group (“Foresight”), the leading alternative asset manager, has strengthened its Sales Team with the appointment of Meredith Lee as Sales Director.  Based in Foresight’s Sevenoaks office, Meredith will primarily be responsible for fund raising for Foresight's solar funds and will focus on expanding Foresight’s institutional investor base across the UK and Europe. 


Meredith joins Foresight from Macquarie Capital in the UK, where since 2007 she has worked as a senior manager responsible for business development, fund-raising and investor relations. She has extensive experience of raising money for private equity and infrastructure funds and in establishing relationships with institutional investors in the UK and Europe.


Prior to 2007, Meredith worked for Macquarie Capital in Australia as a senior manager for eight years, specialising in mergers and acquisitions. Meredith holds a degree in Finance and Accounting and has a graduate diploma of Advanced Finance.  She is a qualified chartered accountant. From 2003 to 2006 she was a Member of the Financial Institute of Australia, where she also lectured on Applied Valuation for five years.


Bernard Fairman, Managing Partner at Foresight, commented:

“Solar is a key element of Foresight’s investment focus on the environmental sector and, following the success of our first dedicated solar fund, will remain a future area of focus for the firm. Meredith's extensive pan-European fund raising and investor relations experience complements our existing team and she will play a key role in helping us to expand and develop our solar offering.”


Meredith Lee added:

“Foresight is a leading investor in environmental infrastructure and it is exciting to be joining the team at a time when the investment opportunities in solar and renewable energy are expanding so rapidly.  Institutional investor appetite for the opportunities offered by investments in the environmental space continues to grow and I look forward to helping Foresight to build on the success of its first solar fund and expand its existing investor base.”


Foresight launched its first €33 million solar fund in May 2008 and since then has made 3 investments in projects in Italy and Spain, with a total capacity of 19 MW.  Foresight is planning to launch a second solar fund in the fourth quarter of 2010, with a target fund size of €250m.