Foresight Group Holdings announced further success in its regional private equity strategy after the recent launch of its first non-U.K. private equity fund, the AIB Foresight Impact fund.
Foresight has reached first close totaling £58 million ($71.3 million) across two new U.K. regional funds. Foresight Regional Investment IV LP will focus on the North East and Yorkshire region and is the fourth fund in this strategy. This fund will work alongside the Foresight West Yorkshire SME Investment Fund, which will invest in West Yorkshire.
These strategically important funds will support the establishment of new offices in Leeds and Newcastle, which will take Foresight’s U.K. regional office footprint to 10 with the previously announced Dublin office also due to open shortly.
In addition, Foresight has received top-up investments to its Scottish Growth Fund and Northwest focused Foresight Regional Investment III LP in the past month.
Bernard Fairman, executi