While Foresight Group LLP (“Foresight”) supports the aims and objectives of the Stewardship Code, Foresight is not currently a signatory to the Code.
Foresight predominantly manages funds that invest directly in unlisted private equity and infrastructure assets. In line with the British Private Equity and Venture Capital Association’s response to the draft 2020 Stewardship Code, we believe that the Code is less applicable to firms such as Foresight that invest in unlisted assets, and that the benefits of private equity fund managers signing up to the Code are limited. We have therefore chosen not to commit to the Code at this time, though we will keep this decision under review.
Foresight also manages three funds, which represent a small percentage of our overall AUM, that invest in listed infrastructure and real estate investment vehicles.
We have published a Shareholder Engagement Policy, which sets out how we exercise stewardship in respect of these funds. The Policy can be viewed by clicking here.