Final close achieved for Foresight energy fund

Foresight Group (Foresight) has held the final close of the Foresight Energy Infrastructure Partners (FEIP) fund with total commitments of EUR851.4 million (US$997.7 million), which is 70% over the EUR500 million (US$586.1 million) original target.

The fund attracted additional commitments of EUR64 million (US$75.02 million) from existing limited partners and an Italian institutional investor at the final close. Together with the co-investments of EUR170 million (US$199.30 million), this represents a total capital pool in excess of EUR1 billion (US$1.17 billion) for Foresight’s energy transition strategy. 

The Fund is focused to invest in opportunities created by the transformational change underway in global energy markets, targeting a diversified portfolio of high-quality energy infrastructure assets with strong sustainability characteristics. The Fund has made four investments- two construction stage onshore wind projects in Sweden and Finland, a portfolio of onshore wind projects in Spain, and an energy-from-waste plant in Italy.

Foresight has partnered with Worthwhile Capital Partners as Placement Agent for the Nordic region and Astrid Advisors for Europe ex Nordics. Ashurst LLP acted as legal advisor.