Foresight Group Holdings Ltd on Friday said it has appointed investment bank Joh Berenberg, Gossler & Co KG to run its share buyback worth up to £50 million.

Foresight is an investment manager, offering institutional and retail investors access to private and listed real assets in the UK, Europe and Australia and to small and medium enterprises in the UK and Ireland.

The buyback will begin on Friday and will be completed over the next three years. It will be funded from existing and future cash resources. The repurchased shares will be held in treasury for later reissue or cancellation.

Foresight first announced the buyback as part of a trading update on Thursday.

It said assets and funds under management increased in its recent financial year, amid strong fundraising and strong performances by two venture capital trusts that Foresight manages.

Asset under management were valued at £13.2 billion on March 31, the end of Foresight’s financial year, up 9.1% from £12.1 billion a year before. Funds under management were valued at £9.6 billion, up 14% from £8.4 million.

Foresight said the increase was thanks to ‘record’ fundraising in retail vehicles during the recent year. This was £587 million, up 35% from £436 million in financial 2024. Foresight also cited strong investment performances by Foresight VCT PLC and Foresight Enterprise VCT PLC, two London-listed trusts that it manages.

Foresight will release its full results for financial 2025 on June 26. It guided that core earnings before interest, tax, depreciation and amortisation and before share-based payments will be in line with market expectations. These are for core Ebitda of £62.2 million to £63.8 million, up from £59.3 million in financial 2024.

Foresight shares were up 2.1% to 329.73 pence in London on Friday morning.

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