Foresight Group, an award-winning listed infrastructure and private equity investment manager, announces the first close of the Foresight Regional Investment III LP (the “Fund”) at £65m. The Fund is cornerstone by the Greater Manchester Pension Fund, with strong support from Clwyd and Merseyside Pension Funds.
The fundraise comes off the back of the Foresight Regional Investment LP’s (“FRIF”) success in the North West, a fund which exemplifies the strength of Foresight’s regional private equity strategy, addressing the gap for impact-focused equity investments in growing SMEs typically valued at up to £30m.
In line with FRIF, the Fund has a flexible mandate and can deliver buyout, minority equity release and growth capital transactions. Foresight currently manages five regionally focused investment funds, notably raising the £100m Foresight East of England Fund (Foresight Regional Investment II LP) in 2019, which applies this same strategy in the East of England, through an evergreen structure.
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