Foresight Group Holdings Limited (Foresight), an infrastructure and private equity manager, announces a further interim close for Foresight Energy Infrastructure Partners (FEIP), a sustainability-led energy infrastructure fund investing predominantly in Europe, having secured total commitments of cEUR787 million.
Including co-investments to date of EUR170 million, this represents a total capital pool of cEUR957 million for Foresight’s energy transition strategy.
The close sees a total of cEUR71 million of new commitments from investors since the interim close announced in June 2021. The maximum fund size permitted has been increased following consent from investors and the final close will now be in September 2021 after an extension to the fundraising period was granted.
The Fund has made four investments to date, two construction greenfield wind assets, an operating wind farm and an energy-from-waste plant. All assets have been independently assessed for compliance with the EU Green Taxonomy and each asset acquired by the Fund will also be certified. Together with alignment to the UN’s Sustainable Development Goals, this provides investors with greater transparency on the impact credentials of the portfolio and gives assurance that projects are making a genuine contribution to global sustainability targets.
Read more/Source: Private Equity Wire
