Foresight Group has completed the previously announced acquisition of Pensions Infrastructure Platform (PiP) for an undisclosed amount.
As part of the acquisition, Paula Burgess, CEO of PiP, will become a partner at Foresight and the PiP team has joined the firm’s infrastructure team.
The PiP platform and portfolio will continue as a discrete entity within Foresight, and the PiP team will continue to manage PiP’s assets and relationships with its LPs, building on this base for further diversification.
PiP was founded in 2012 by U.K. pension schemes to facilitate long-term pension scheme investment into U.K. infrastructure. The company invests in energy from waste, renewable energy, social infrastructure and transport sectors.
“Investment in infrastructure, and particularly in green infrastructure, lies at the heart of the government’s recovery plans,” said B
