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The Regional Investment Fund Series

We’re driven by helping economies across the UK thrive. This is why we have regional funds investing in SMEs in North West England, the East of England, Scotland, and the Midlands.

Across the North West England, South Yorkshire, West Yorkshire and North Wales, the Foresight Regional Investment Fund series includes the £58m Foresight Regional Investment Fund (FRIF) and the £65m Foresight Regional Investment Fund III (FRIF III). FRIF is now in realisation phase, while FRIF III is actively seeking new investment opportunities.

The strategy delivers both attractive economic returns and broader long‐term benefits for regional communities by applying a professional approach to private equity investment, targeting growing SMEs typically valued at up to £30m. Both funds offer a flexible mandate and can deliver buyout, minority equity release and growth capital transactions across a range of sectors.

The funds provide both capital investment and expertise, to support the development of sustainable, socially conscious small businesses in the region.

EBITDA between 
£0.5m to £3m

The funds will typically target companies with revenues of £2 million to £20 million generating EBITDA of £0.5m to £3m.

Enterprise value of 
up to £30m

The funds will make private equity investments in small and medium-sized growth companies with substantial operations in the North West England, South Yorkshire, parts of North and West Yorkshire and North Wales.

Range of 
Transaction Types

The funds will offer the full range of transaction types, including buy-outs, buy-ins, equity release, acquisition finance and growth capital.

Fund 2 - Foresight Regional Investment III LP

Foresight Regional Investment III LP held its first close in May 2021 with £65m of committed capital. It will replicate the success of its predecessor fund, investing in SMEs in the region, with a focus on delivering both attractive economic returns and broader long‐term benefits for regional communities. The fund is actively looking for new investment opportunities.

Fund 1 - Foresight Regional Investment LP

Foresight Regional Investment LP launched in December 2015 held its final close in July 2018 with £58m of capital committed. The fund is now fully deployed, having completed 20 transactions, including three bolt-on acquisitions, in the region. To date, this fund has created over 600 jobs while successfully putting ESG issues on the agenda of the SMEs in which we have invested. As at 31 December 2020, the fund has delivered total revenue growth of 82.8%, generating a strong impact and positive returns for its institutional investors.

To find out more about partnering with Foresight, contact our private equity team

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020 3667 8100

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