Foresight Group Holdings Limited (Foresight), a an infrastructure and private equity manager, has held a further interim close for Foresight Energy Infrastructure Partners (FEIP), a sustainability-led energy infrastructure fund investing predominantly in Europe, with commitments of cEUR716 million.
Including co-investments to date of EUR170 million, this represents a total capital pool of cEUR886 million for Foresight’s energy transition strategy.
The close sees a total of cEUR285 million of new commitments from investors since the interim close announced in January 2021. These investors include LCIV Renewable Infrastructure Fund, the newly formed investment Fund managed by London LGPS CIV Ltd, and other UK and Swedish investors.
The fund has made four investments to date, with new investments in a 16.8 MW Italian energy-from-waste plant and a 88 MW onshore wind farm in Finland announced in May 2021. All assets are independently assessed for compliance with the EU Green Taxonomy. 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
