Foresight holds EUR-300m first closing of energy transition fund

British investment manager Foresight Group Holdings Ltd (LON:FSG) today announced a EUR-300-million (USD 326m) first closing of Foresight Energy Infrastructure Partners II SCSp (FEIP II), the second vintage of its flagship energy transition fund.

FEIP II, the successor fund to FEIP I, is focused on long-term value creation, targeting a diversified portfolio of energy infrastructure assets across renewable energy generation, energy storage and grid infrastructure.

The firm expressed confidence in reaching at least its target fundraise of EUR 1.25 billion during 2025.

“With the support of our investors, we are well positioned to continue our further fundraising momentum as we look to provide vital investment in the energy transition in Europe and beyond,” said Dan Wells, partner Foresight Group, fund manager.

“We look forward to building upon the success of Fund I, investing in key strategic energy assets that remove bottlenecks to the energy transition facilitating the deployment of more renewables and the achievement of net zero goals,” added Richard Thompson, partner Foresight Group, fund manager.

(EUR 1 = USD 1.087)

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