EURO 300 million first closing of FEIP II

€300 million first closing of FEIP II

Foresight Group Holdings Limited ("Foresight", the "Group"), a leading infrastructure and private equity investment manager, today provides an update on progress with its flagship energy transition strategy.

Foresight is pleased to announce it has secured commitments of €300 million for the first close of Foresight Energy Infrastructure Partners II SCSp ("FEIP II" or, the "Fund"), the successor fund to FEIP I. The first close welcomes two new cornerstone investors to the strategy and is timed to meet investor requirements. The first close comes three months after FEIP I's Investment Period concluded, having deployed over €1 billion[1] in capital.

Foresight is encouraged by investor appetite for the strategy to date as the Group works towards the target fundraise of €1.25 billion, marking a scaling up of nearly 50% on the prior vintage.

Bernard Fairman, Executive Chairman of Foresight Group Holdings Limited, commented:

"The successful first close of FEIP II demonstrates the quality and demand for our flagship energy transition strategy. It marks a significant milestone for the Group as we aim to raise multiple institutional infrastructure funds across a range of low carbon strategies. Given ongoing discussions with existing and new international investors across these strategies, I have every confidence in our ability to achieve our fundraising targets and continue to deliver profitable growth for our shareholders."

[1] Includes co-investment of €170 million