Foresight Group Holdings Ltd on Thursday said assets and funds under management grew in the first half of its financial year, driven by fundraising efforts and the closure of Foresight Energy Infrastructure Partners II.
The London-based sustainability-led infrastructure and private equity investment manager said assets under management were £12.6 billion on September 30, up 4.1% from £12.1 billion on March 31. Funds under management grew 4.8% during the six months to £8.8 billion from £8.4 billion.
Foresight Group will release its interim results on November 28.
The company anticipates core earnings before interest, tax, depreciation and amortisation for the half year to be in line with management expectations at around £29 million, which would be a 5.1% rise from £27.6 million at the same time last year.
Recurring revenue is expected to be within the company’s target range of 85% to 90%, boosted by performance fees from a strong period of realisation within the private equity division.
Chair Bernard Fairman said: ‘We delivered another period of stability and growth in the first half of financial 2025, driven by effective retail fundraising and the initial close of our flagship institutional energy transition fund, FEIP II. This momentum is in line with our expectations and keeps us on track to deliver our five-year growth guidance.
‘Looking ahead, the anticipated unwinding of high interest rates and the narrowing valuation gap between public and private markets will drive improved investor sentiment. This positive shift will support our fundraising ambitions and create opportunities for value-accretive acquisitions from our cash generative business.’
Shares in Foresight were down 0.8% at 508.00 pence each in London on Thursday morning.
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