Click here to download this announcement as a PDF.
London, 1 June 2021: VAM Funds (LUX) - (“VAM”), the Luxembourg SICAV fund management company, is pleased to announce the launch of the VAM Global Infrastructure Fund (“GIF”, “the Fund”) on 1st June 2021. VAM has partnered with Foresight Capital Management, a global leader in infrastructure investing. Foresight Capital Management (“FCM”, the Manager), part of Foresight Group, has been appointed investment manager to GIF.
FCM brings a strong track record in investment management, having generated consistent outperformance for Foresight’s Global Real Infrastructure Fund, which reached a Net Asset Value of £500 million within two years of launch.
The Fund’s investment strategy will focus on globally-listed asset-owning infrastructure and renewables businesses, tapping into the growth potential and attractive risk-adjusted returns available to investors.
The new Fund complements VAM’s range of funds ranging from single strategy to discretionary funds. GIF will be distributed in South Africa, Singapore, the Middle East and Europe through VAM’s established global distribution capability.
Mark Brennan, Director and Head of Investments at Foresight Capital Management, said: “This new investment mandate for FCM represents a landmark endorsement of the team’s investment capability and track record. Having built up AUM in the UK to £1.1bn since 2017, FCM’s new partnership with VAM Funds now opens up several large global distribution markets. We are excited at the prospect of working with the VAM Funds team and look forward to growing the VAM Global Infrastructure Fund together.”
Brendan Adams at VAM Funds, said: “I am delighted that VAM has partnered with Foresight, a leader in infrastructure investing, to manage the VAM Global Infrastructure Fund, a Luxembourg UCITS V Fund. We believe that investing in infrastructure represents an excellent way for investors to participate in the economic, social, and environmental future of countries around the world, and will be an important addition to our range of offerings. We look forward to working with the Foresight team as we bring this capability to our global network of financial intermediaries and institutions.”
ENDS
For more information contact:
Brendan Adams: brendan.adams@vamgrouplux.com – VAM Funds
Citigate Dewe Rogerson (PR to Foresight):
Will Easton: foresight@citigatedewerogerson.com / +44 (0) 7860 753146
Notes to Editors
About VAM
Founded in 2001, VAM is a fund management company, fully regulated in Luxembourg under UCITS V legislation. Dedicated to supporting wealth managers worldwide, VAM operates in a clear and transparent manner with carefully designed and constructed actively managed multi-asset and single investment solutions. VAM believes that the security and protection of its clients’ assets are of paramount importance.
About Foresight Capital Management (“FCM”):
Foresight Capital Management (“FCM”) was set up in 2017 as a division of Foresight Group LLP, the listed specialist 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 July 2020, with funds under management currently exceeding £1.1 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 (“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.
