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Foresight strengthens European presence with announcement of a new AIFM office in Luxembourg

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  • Foresight’s fourth international office and gateway to European Fund Industry
  • New operating licence will strengthen the support Foresight can offer European investors
  • Luxembourg office will act as an Alternative Investment Fund Manager (“AIFM”) for Foresight’s European funds supported by newly appointed Directors and Conducting Officers, Adela Baho and Jasper Jansen

Click here to access the announcement as a PDF

Luxembourg, 19 January 2021: Foresight Group LLP (“Foresight”), a leading independent infrastructure and private equity investment manager, is delighted to announce its latest Alternative Investment Fund Manager (“AIFM”) office with the opening of its fourth international presence, located in Luxembourg.

The new AIFM licence will enable Foresight to meet the needs of its EU investor base and strengthen its presence in continental Europe. Foresight currently manages two EU domiciled funds, the €75 million Foresight Italian Green Bond Fund (“IGB”) and the EU-taxonomy validated c.€430 million Foresight Energy Infrastructure Partners (“FEIP”).

This strategic milestone in Foresight’s expansion demonstrates its commitment to ensuring post-Brexit continuity of the provision of Fund Management services within the EU. Luxembourg has become a focal point and was the natural choice for Foresight’s EU-based Fund Manager to continue to provide a stable regulatory and compliant investment framework.

Commenting on the Luxembourg AIFM licence, Federico Giannandrea, Partner and Head of Southern Europe at Foresight said: “Our permanent establishment in Luxembourg marks an important milestone in Foresight’s strategic expansion in continental Europe. This is the third step, following the establishment of our Italian and Iberian offices, of a wider plan to consolidate Foresight’s position among the top sustainable asset managers Worldwide.”

The Luxembourg office will be led by Adela Baho and Jasper Jansen, who have joined Foresight as Directors and Conducting Officers, with nearly 40 years’ combined experience in the fund management industry.

Adela and Jasper led the process of acquiring the AIFM licence in Luxembourg and their expertise will be instrumental in delivering Foresight’s investment objectives in continental Europe.

Foresight has established itself as a leading sustainability-focused infrastructure investor in the UK, EU and Australia with a strong track record of investing into Europe’s energy transition on behalf of institutional investors.

Adela Baho, Director and Conducting Officer commented: “By establishing the Luxembourg AIFM, Foresight will be able to strengthen its footprint in renewable infrastructure in the wider continental Europe. We expect to be an active participant in the European “Green Deal” and become a leader in long-term investing into the resilient infrastructure required to enable the transition to a sustainable society.”

Jasper Jansen, Director and Conducting Officer, added: “The setup of our new office in Luxembourg demonstrates Foresight’s commitment to Europe and especially to Luxembourg and our toolkit for Investment Vehicles. The new AIFM will allow Foresight to continue to provide a stable regulatory and compliant investment framework for our broad base of professional/institutional and retail investors in the EU and UK.”

ENDS

Important notices [below notes to editors]

For more information contact:

Patrick Evans, Citigate Dewe Rogerson: patrick.evans@citigatedewerogerson.com +44 (0)20 7025 6487

Adela Baho, Foresight Group: abaho@foresightgroup.eu + 352 20 60 228 -10

Jasper Jansen, Foresight Group: jjansen@foresightgroup.eu + 352 20 60 228 -20

About Foresight Group LLP (“Foresight”):

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 35 years.

Foresight has c.£6.8 billion of Assets Under Management, of which £3.7 billion relates to renewable energy infrastructure. It currently manages more than 290 renewable generation assets globally, with a total generating capacity of 2.7GW.

Foresight manages more than 160 solar plants around the world generating over 1.5GW of solar power. Foresight has more than 800MW of wind generation assets across the UK, France, Spain, Germany and Sweden of which 665MW are operational.

Foresight manages more than 40 bioenergy and waste projects processing some 1.8 million tonnes of waste every year, having mobilised more than £1 billion of capital investment into the sector.  In addition, Foresight manages 210MW of Reserve Power assets and three utility scale Battery Storage projects providing 46MW of Enhanced Frequency Response services to National Grid.

Foresight is headquartered in London with regional offices in Manchester, Nottingham, Edinburgh, Cambridge, Milton Keynes, Leicester and Guernsey and international offices in Sydney, Rome, Madrid and Luxembourg.

www.foresightgroup.eu