Foresight Group (Foresight) is proud to be a shortlisted finalist in this year's Unquote British Private Equity Awards. Foresight has been shortlisted in two categories: VCT House of the Year and Exit of the Year - VCT.
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- House of the Year - VCT: highlights for the period include
- investment of £33.5m into eleven UK SMEs
- nine full or partial exits delivering an average 3.7x return to investors
- the launch of a new regional fund â€" Foresight Regional Investment LP
- the opening of a second regional office in Manchester
- £25 million fundraise for Foresight VCT
- sale of Defaqto Group Ltd. to Synova Capital
The Foresight private equity team is one of the most active and experienced teams in the market having managed between them in excess of 140 separate investments and delivering a strong performance track record averaging 4.2x return on 20 relevant realisations since 2010 from investments made by Foresight.
In the twelve months from July 2015 to June 2016, the period covered by this year's awards, the team has made eleven investments totalling £33 million from its family of VCTs and two regional funds. Foresight has also completed nine full or partial realisations from portfolio companies within the period. The average return on these full and partial realisations over the period has been 3.7x.
In addition, Foresight launched its second regional fund, Foresight Regional Investment LP, which targets investments of between £1m and £5m in SMEs with operations based in and around the North West of England, North Wales and South Yorkshire. To support the deployment of this fund Foresight opened its regional office in Manchester in March 2016. The fund has a target final close of £60 million.
Russell Healey, Partner Foresight commented: "the past twelve months has been an exceptionally busy period for the private equity team at Foresight and it is always pleasing to have our efforts recognised by the independent judges of the British Private Equity Awards in this way. We continue to find strong demand for growth capital from UK SMEs across the board and have a large pipeline of opportunities for our VCTs and our regional funds."
Foresight has been shortlisted in other awards including:
Investor AllStars Awards - VCT of the Year: Foresight VCT
Growth Investor Awards - Best BPR Manager, Best VCT Investment Manager, Exit of the Year: Defaqto; and Most Impactful Investment: Specac.
For further information, please contact:
Ben Thompson: Foresight Group: firstname.lastname@example.org / +44 (0)20 3667 8155
About Foresight Group ("Foresightâ€)
Foresight 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 some £1.9 billion of Assets Under Management across a number of funds, including Listed Vehicles, Limited Partnerships, Enterprise Investment Schemes (EISs) and Venture Capital Trusts (VCTs).
Foresight's Private Equity team, comprising sixteen investment professionals, invests between £1m and £5m in management buy-outs, management buy-ins and growth capital investments in UK SMEs.