Foresight Launches £50m Fund in South West England with Osborne Clarke's Advisory
Funding | Nov 27, 2024 | Osborne Clarke
Osborne Clarke, an international legal practice, has provided advisory services to Foresight Group for the launch of a £50 million evergreen fund aimed at investing in small and medium sized enterprises (SMEs) throughout the South West of England. The fund, with initial investment from Devon Pension Fund, will offer a permanent pool of capital targeting SMEs across sectors such as Bristol, Cornwall, Devon, and more. Foresight, listed on the FTSE 250 as a leading private equity and infrastructure investment manager, plans to open offices in Bristol and Exeter. This endeavor signifies the thirteenth regional fund Osborne Clarke has advised for Foresight. The initiative highlights the firm's prominence in advising on fund formations, and it showcases their specialized advisory expertise that spans various asset classes and sectors, underscored by a strong interest in funds with a social impact angle.
Sectors
- Private Equity
- Financial Services
- Legal Advisory
Geography
- United Kingdom – The fund targets SMEs across South West England, involving regions like Bristol, Cornwall, Devon, among others.
- South West England – Specifically targets growth in SMEs across the South West regions of England with advisory services provided from firms headquartered in the UK.
Industry
- Private Equity – The article focuses on Foresight Group, a private equity and infrastructure investment manager, launching a new fund with Osborne Clarke's advisory, highlighting private equity financing.
- Financial Services – The launch of a fund concerning financial investment in SMEs aligns with financial services by facilitating capital allocation and fund management.
- Legal Advisory – Osborne Clarke, a legal firm, played a key role in advising on the launch of the fund, which involves complex legal structuring and advice.
Financials
- £50 million – The initial size of the evergreen fund launched by Foresight Group to support SMEs in South West England.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Foresight Group | Target | Company | A FTSE 250 listed private equity and infrastructure investment manager launching a £50m fund. |
| Osborne Clarke | Legal Advisor | Company | International law firm advising Foresight on the fund launch. |
| Devon Pension Fund | Investor | Company | Provides cornerstone investment for the newly launched fund. |