Foresight Group announces the first close of its £65m regional private equity fund.
The Fund is cornerstoned by the Greater Manchester Pension Fund to target established SMEs in the North West and North Wales.
Foresight Group is an infrastructure and private equity investment manager operating regionally and internationally. The firm manages numerous investment funds on behalf of institutional and retail clients.
Foresight Group has secured a first closing of £65m for its latest regional private equity vehicle, the Foresight Regional Investment III LP. The Fund is cornerstoned by the Greater Manchester Pension Fund, alongside backing from the Clwyd and Merseyside Pension Funds.
The capital will target established small and medium-sized enterprises valued up to £30m across North West England, North Wales, and surrounding areas. This follows the performance of its predecessor fund, which delivered strong economic returns and helped create numerous regional jobs.
The vehicle maintains a flexible mandate capable of delivering buyouts, minority equity releases, and growth capital. Management intends to deploy the capital through its nationwide private equity team, supported by planned expansion in the Manchester office.
From the founder
"We are delighted to be welcoming both new and returning investors to the Fund, which will continue to address the gap in the market we have demonstrated with its predecessor fund. We look forward to supporting the growth of smaller companies across the targeted region."
James Livingston
Partner at Foresight Group
Use of funds
- 01Grow the team
Investors
About the company
Foresight Group
Foresight Group manages infrastructure and private equity investment funds for institutional and retail clients.