Foresight launches new infrastructure fund

Funds managed by Foresight own 28 EfW and several biogas facilities across the UK

AssetGEN Partners Hoddesdon EfW plant was backed by Foresight
AssetGEN Partners Hoddesdon EfW plant was backed by Foresight

Equity investor Foresight has launched a fund aimed at boosting renewable infrastructure in the UK.

The investor said today that its new lending vehicle would be known as the Foresight UK Infrastructure Income Fund.

Foresight, which already owns 28 UK-based energy-from-waste and several biogas plants, says it will target an income of 5% per year from the fund, which will invest in a portfolio of "renewable" projects.

Foresight partner, Jamie Richards, said: "We have a specialist focus on energy infrastructure combined with a tradition of innovation in creating investment solutions that respond to investors’ needs. We manage funds for more than 22,000 private investors and for some of the world’s leading financial institutions. We’re excited to be launching this infrastructure income fund which we expect to have broad appeal."

Planned investments for the new fund include "renewable energy, infrastructure equities and bonds", according to Foresight. It says its expects a "27% increase" in cumulative UK renewable energy generation over the next eight years.

Foresight also says the UK has seen "unprecedented growth" in renewable energy and infrastructure investment over the past five years and infrastructure is "poised to become" an increasingly popular asset class for investors.

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