Foresight closes energy transition infrastructure fund at EUR 850m

UK investment manager Foresight Group Holdings Ltd (LON:FSG) on Thursday announced the final close of its Foresight Energy Infrastructure Partners (FEIP) fund at EUR 851.4 million (USD 1bn), well above the initial target of EUR 500 million.

The fund aims to capitalise on opportunities arising from the ongoing transformation of energy markets and is focused on energy transition infrastructure, including renewables, storage and grids, mainly in Europe. It has so far invested in two construction-stage onshore wind projects in Sweden and Finland, an onshore wind portfolio in Spain and an energy-from-waste plant in Italy.

The fund, launched in January 2020, announced last month an interim close of about EUR 787 million.

At the final close, the vehicle has received additional commitments of EUR 64 million from existing limited partners and an Italian institutional investor.

Taking into account EUR 170 million in co-investments to date, the fund has mobilised over EUR 1 billion in capital.

(EUR 1 = USD 1.182)

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