Foresight Group Expands AUM by Over £800m Through Strategic Moves
Deal News | Jan 28, 2025 | Foresight Group
Foresight Group Holdings Limited has significantly boosted its Assets Under Management (AUM) by over £800 million through strategic acquisitions and appointments. The acquisition of WHEB Asset Management LLP, a leader in impact investing, is one of the primary contributors to this growth. WHEB's team will join Foresight’s Capital Management division, maintaining their responsibilities while integrating with Foresight's operations. This move not only reinforces Foresight's position in the impact investing sector but also marks its entry into the Australian market. Additionally, Foresight has been appointed as the sub-investment manager for the Liontrust Diversified Real Assets Fund, enhancing its investment capabilities. New institutional funds raised for Foresight Natural Capital Ltd from UK local government pension schemes also contribute to the AUM increase. These developments reflect Foresight's proactive strategy in diversifying its investment offerings and leveraging sector experience for growth, as it aims to double core profitability by FY29.
Sectors
- Private Equity
- Impact Investing
- Asset Management
Geography
- United Kingdom – Foresight Group Holdings Limited is headquartered in the UK, with operations and strategy involving UK pension schemes.
- Australia – The article notes Foresight Group's entry into the Australian market through WHEB's joint venture with Pengana Capital Group.
Industry
- Private Equity – Foresight Group's activities, including acquisitions and fund management, fall under the private equity industry, focusing on expanding AUM and investment management capabilities.
- Impact Investing – WHEB Asset Management specializes in impact investing, and its acquisition by Foresight Group aligns with expanding Foresight's impact investment products and capabilities.
- Asset Management – The article discusses the management of large-scale assets, involvement in pension schemes, and fund management, thus aligning with the asset management sector.
Financials
- £800 million – Increase in Group Assets Under Management (AUM) due to the acquisition and other activities.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Foresight Group Holdings Limited | Acquirer | Company | A UK-based private equity and investment management firm focused on growing its assets under management through acquisitions and strategic fund management. |
| WHEB Asset Management LLP | Target Company | Company | A London-based firm specializing in impact investing with a global mid-cap equity strategy. |
| Liontrust Diversified Real Assets Fund | Investment Fund | Company | An investment fund for which Foresight has been appointed as sub-investment manager and sub-distributor. |
| Foresight Natural Capital Ltd | Subsidiary | Company | A division of Foresight Group focusing on natural capital investments, raising funds from UK local government pension schemes. |
| Bernard Fairman | Executive Chairman | Person | Executive Chairman of Foresight Group Holdings Limited, commenting on the strategic directions of the company. |
| Pengana Capital Group | Joint Venture Partner | Company | An Australian firm in a joint venture with WHEB Asset Management. |