10th Apr 2025 11:07
(Alliance News) - Foresight Group Holdings Ltd on Thursday 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.
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.
Asset under management were valued at GBP13.2 billion on March 31, the end of Foresight's financial year, up 9.1% from GBP12.1 billion a year before. Funds under management were valued at GBP9.6 billion, up 14% from GBP8.4 million.
Foresight said the increase was thanks to "record" fundraising in retail vehicles during the recent year. This was GBP587 million, up 35% from GBP436 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 GBP62.2 million to GBP63.8 million, up from GBP59.3 million in financial 2024.
Foresight shares were up 5.2% to 323.00 pence in London on Thursday morning.
By Tom Waite, Alliance News editor
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