UK-based private equity group Foresight has announced that it has promoted three people to partnership positions and also plans to open new offices in Manchester and Australia.
James Livingston, Dan Wells and James Samworth have been made partners from January 1. They were former directors of the private equity, infrastructure and environmental teams
The developments come after the company saw its business grow strongly in 2015 as the value of assets it manages soared by 33% to £1.8bn. The company said it had seen growth across each of its three core business sectors, environmental, infrastructure and private equity investing.
In the environmental sector the company announced three new funds in 2015. The £50m recycling and waste fund cornerstoned by the Green Investment Bank which targets small-scale waste and recycling projects in the UK, the £200m waste to energy investment platform Bioenergy Infrastructure Group and a £100m fund backed with £50m from the Clean Energy Finance Corporation to invest in projects producing clean energy in Australia.
Foresight has also fully deployed its £60m environmental fund and its £78m UK waste resources and energy investments fund which invests in 18 waste projects across the UK generating 126MW of renewable energy.
The infrastructure team has expanded its portfolio of solar plants in the UK, US and southern Europe. It now has 68 operational solar plants with a generating capacity of 660MW.
The private equity division has announced its second regional investment fund targeting investment in SMEs in the North West, South Yorkshire and North Wales.
Foresight chairman Bernard Fairman said: “As our business continues its rapid expansion, we will continue to promote regularly to add Partners who are able to contribute significant value add to the business.”
Image: Foresight
