Osborne Clarke's UK funds team has advised Foresight on the first close of Foresight Regional Investment III, their latest regional private equity fund, which is cornerstoned by the Greater Manchester Pension Fund and also has strong support from Clywd and Merseyside Pension Funds. Osborne Clarke has also advised Foresight on its previous regional funds.
The Fund will target investments into established SMEs valued up to £30 million in north west England and north Wales. It will build on Foresight's first regional fund in this target area of the UK, which has made successful investments delivering strong economic returns alongside job creation and a sustainable impact.
Foresight has been managing investment funds on behalf of institutions and retail clients for more than 35 years, and has over £7 billion of assets under management. Foresight’s Private Equity Team, comprising over 30 investment professionals, manages c.£700 million in a portfolio of more than 100 companies and pursues four discrete but complementary investment styles: Venture, Impact, Growth and Replacement Capital through its growing regional office network.
James Livingston, Partner at Foresight, commented: “We are delighted to be welcoming both new and returning investors to the Fund, which will continue to address the gap in the market we have demonstrated with its predecessor fund. We look forward to supporting the growth of smaller companies across the targeted region.”
The Osborne Clarke team was led by Partner Helen Parsonage who was assisted by Senior Associate Lizette Hunter and Partner Erika Jupe (tax).
