The private equity backer of the likes of Indian street food restaurant chain Mowgli has secured more than €700m for its sustainability-led energy infrastructure fund.
Foresight Group has announced a further interim close for Foresight Energy Infrastructure Partners having secured total fund commitments of c.€716m.
Including co-investments to date of €170m, this represents a total capital pool of c€886m for Foresight's energy transition strategy.
The close sees a total of c.€285m of new commitments from investors since the interim close announced in January 2021. Investors include several leading UK and Swedish institutions, the group said.
The fund has made four investments to date, with new investments in a 16.8 MW Italian energy-from-waste plant and a 88 MW onshore wind farm in Finland announced in May 2021.
Nigel Aitchison, Foresight's head of infrastructure, said: "This latest FEIP close shows once again that investor appetite for Foresight's sustainability-led strategies is continuing to grow, while a strong pipeline of potential investment targets has also been supporting the fundraising process.
"The FEIP team led by Portfolio Managers Dan Wells and Richard Thompson are making excellent progress towards our objective of ensuring that FEIP becomes a leading platform in capturing opportunities from the evolving transition to a decarbonised energy infrastructure system in Europe, North America and Australia."
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.
