Foresight Group Holdings Limited (Foresight), a private investment manager focused on real assets and capital for growth, has secured commitments of €300m at the first close of Foresight Energy Infrastructure Partners II (FEIP II).
The fund has attracted support from two new cornerstone investors to the strategy, one of which is Border to Coast Pensions Partnership, a UK pension pool for Local Government Pension Schemes.
The first close comes three months after predecessor fund FEIP I’s Investment Period concluded, with fund having deployed over €1 billion in capital.
According to a press statement, FEIP II will seek to deliver a total return in the form of capital growth and stable income by constructing a diversified portfolio of energy infrastructure assets across renewable energy generation, energy storage and grid infrastructure.
The investment strategy of FEIP II is focused on long-term value creation, with a focus on investing in strategic energy assets the eliminate bottlenecks to the energy transition. FEIP II is an SFDR Article 9 fund which aims to make investments aligned to the EU Taxonomy.
Foresight expects the fund to reach its target size of €1.25bn during 2025.
