- Outperformed its benchmark of UK CPI +3% since launch
- Grown NAV to over £550m
- Outperformed the FTSE All World Index (GBP) since launch
- Income of 3.63 pence per unit in the fund’s second year
- The Fund seeks to deliver attractive risk adjusted returns by investing in a global portfolio of real asset owning infrastructure and renewable energy infrastructure companies that benefit from multi decade, contracted revenue streams with public sector counterparties and inflation linkage
London 17 June 2021: Foresight Group LLP (“Foresight”), a leading infrastructure and private equity investment manager, recently celebrated the two-year anniversary of its FP Foresight Global Real Infrastructure Fund UK (“GRIF” or “the Fund”) which has delivered outstanding performance, outperforming its benchmark of UK CPI +3% since launch in 2019.
Total return for the two years to 3 June 2021 was 35.37%, during one of the most volatile and unpredictable periods in recent market history. Fundraising has been very strong, demonstrating appetite for the strategy with a NAV increase of £382m in the last 12 months, totalling £550m. During 2020, the Fund delivered 27.90%, outperforming the FTSE All World equity index by 14.59%. While global markets dipped in September 2020, the Fund delivered a positive return of 4%, driven by positive underlying portfolio activity in renewable energy assets and infrastructure assets.
Nick Scullion, Head of Foresight Capital Management and lead fund manager of GRIF, was rated #1 Equity Infrastructure Fund Manager in the UK by Citywire in December 2020. The average manager return between 31 December 2019 - 31 December 2020 was -2.8% and Nick achieved 27.9% with GRIF which also received Citywire’s #1 Equity Infrastructure Fund rating.
The Fund has proven highly resilient during the COVID-related lockdowns and disruption, thanks to its exposure to real infrastructure assets which provide critical services to nations as well as communities. Its portfolio companies have benefited from highly stable operations, mainly reinforcing 2020 guidance, dividend payments and growth plans.
Managed by the award-winning Foresight Capital Management team (“FCM”), GRIF was launched in June 2019 to attract investors seeking stable and predictable income alongside true diversification and attractive risk-adjusted returns from a global portfolio. The Fund is well positioned to benefit from major developments and innovations in several asset-based infrastructure subsectors. Many of the Fund’s holdings are actively ramping up expansion into assets such as 5g digital enabling infrastructure, clean energy generation, transmission and storage. The overall investable universe for the Fund is expanding at pace as new companies listed in developed markets see expansion driven by asset innovation.
Nick Scullion, Head of Foresight Capital Management, commented: “The FP Foresight Global Real Infrastructure Fund has had a very strong first two years, with market beating returns and huge support from investors. The Foresight Capital Management team has delivered strong risk adjusted returns from conviction led active management during a highly volatile and unpredictable period in global financial markets. The Fund’s opportunity set is at the intersection of the decarbonisation agenda and private companies delivering public infrastructure in developed markets and the opportunity is more compelling now than it has ever been.”
For more information contact:
Citigate Dewe Rogerson (PR to Foresight):
Will Easton: firstname.lastname@example.org / +44 (0) 7860 753146
NOTES FOR EDITORS
About Foresight Capital Management (“FCM”):
FCM was set up in 2017 as a division of Foresight Group LLP, the specialist listed infrastructure and private equity investment manager, to manage Open Ended Investment Companies (“OEICs”). FCM’s OEIC portfolio currently comprises the FP Foresight UK Infrastructure Income Fund (FIIF) launched in December 2017, the FP Foresight Global Real Infrastructure Fund (GRIF), launched in June 2019 and the FP Foresight Sustainable Real Estate Securities Fund (REF), launched in June 2020, with funds under management currently exceeding £1.2 billion.
FCM was named ‘Fund Manager of the Year’ at the PLC Awards 2018 in respect of the outstanding debut performance of FIIF.
About Foresight Group LLP (“Foresight”):
Foresight is an award-winning listed infrastructure asset and private equity investment manager that specialises in providing investment opportunities in difficult-to-access private markets to both institutional and retail investors using ESG-oriented strategies. It has been managing investment funds on behalf of institutions and retail clients for more than 36 years.
Recently floated on the main market of the London Stock Exchange under ticker FSG, Foresight has £7.2 billion of Assets Under Management (as at March 2021, unaudited). Foresight’s Infrastructure team comprising 107 investment, portfolio and technical professionals currently manages more than 290 renewable generation assets globally, with a total generating capacity of 2.7GW.
Foresight’s Private Equity Team, comprising over 30 investment professionals, manages £700 million in a portfolio of more than 100 companies and pursues four discrete but complementary investment styles: Venture, Impact, Growth and Replacement Capital through its growing regional office network.
Foresight has offices in London, Rome, Madrid, Luxembourg, Sydney, Manchester, Nottingham, Edinburgh, Cambridge, Milton Keynes, Leicester and Guernsey.