John Laing Capital Management has agreed to sell the investment asset advisory mandate for John Laing Environmental Assets Group (JLEN) to Foresight Group for an undisclosed amount.
JLEN co-heads Chris Holmes and Chris Tanner, along with their investment, portfolio and finance team, will become partners of Foresight Group and continue to manage the fund.
JLEN’s portfolio includes 28 operational assets in the renewable generation, waste water and waste management sectors, valued at £764 million ($965 million), across the United Kingdom and continental Europe. The company was listed on the London Stock Exchange in 2014.
Foresight Group has £2.9 billion ($3.7 billion) of assets under management, raised from institutional investors, family offices, private investors and high-net-worth individuals.
The deal will bring an additional £3 billion ($4 billion) of renewable energy assets with a generating capacity of almost 2 gigawatts under Foresight’s manag
