Foresight Group Holdings has secured commitments of €300 million ($327 million) in the first close of Foresight Energy Infrastructure Partners II SCSp (FEIP II), the successor fund to FEIP I. The first close welcomes two new cornerstone investors to the strategy, including Border to Coast Pensions Partnership, a U.K. pension pool for Local Government Pension Schemes. The first close comes three months after FEIP I’s Investment Period concluded, having deployed more than €1 billion ($1.1 billion) in capital.
FEIP II seeks to deliver a total return in the form of capital growth and stable income by constructing a diversified portfolio of energy-infrastructure assets across renewable-energy generation, energy storage and grid infrastructure. The diversified investment strategy has been set specifically in the context of the significant market opportunity to decarbonize the global power system, which is supported by strong regulatory tailwinds.
The investment strateg
