Foresight Group eyes more M&A as acquisitions boost assets

AUM up 38%

Foresight Group's assets under management grew by 38% in the year to the end of March 2023, helped by two acquisitions during the period, as it continues the look out for more M&A opportunities.

In its full year results published today (4 July), the sustainability-led infrastructure and private equity investment manager said assets under management increased to £12.2bn.  Funds under management, reported separately, grew 35% to £9bn. Both figures were "well in excess" of its target, Foresight said.  Two strategic acquisitions during the year helped boost the group's assets by £3.3bn. These were the purchase of Infrastructure Capital Group - now integrated as Foresight Australia - and the technology ventures division of Downing LLP. Foresight Group AUM and FUM surge by more ...