Foresight Group Completes Acquisition of WHEB Asset Management

Foresight Group is pleased to announce the completion of its acquisition of the trade and assets of WHEB Asset Management LLP.

Foresight Group is pleased to announce the completion of its acquisition of the trade and assets of WHEB Asset Management LLP.

Headquartered in London, WHEB is a leader in impact investing, managing a single global mid-cap equity strategy that invests in listed companies whose products and services provide solutions to key sustainability challenges.

As a result of this transaction, thirteen of WHEB’s employees, including the management team, have joined Foresight and will be integrated into the Foresight Capital Management (FCM) team, bringing a wealth of expertise and a strong commitment to sustainability and impact investing. The fund manager and investment team retain their existing responsibilities and continue to be based in London.

The acquisition, which was announced in January, establishes FCM as a leader in impact investing in the UK, whilst diversifying our existing fund range. In addition, the deal adds a wealth of experienced investment professionals to FCM’s existing team, with the WHEB team positioned to benefit from FCM’s dedicated sales resources, as well as our wider retail and institutional client reach. The acquisition also unlocks customer and product diversification, and represents FCM’s entry into the Australian market via WHEB’s joint venture with Pengana Capital Group.

Commenting on the completion, George Latham, Managing Director at Foresight said:
“Over the past decade WHEB has built a highly successful, award-winning franchise around a core global equity impact strategy. We have helped set the standard for impact investing in listed markets in the UK and abroad. As part of FCM and the wider Foresight group, we will be able to offer clients a broader suite of impact products across different asset classes with the backing of an institution with a strong balance-sheet and established distribution and risk management processes. We are very excited to have the support of Foresight in this next stage of WHEB’s development.”

Nick Scullion, Partner at Foresight Group and Head of the Foresight Capital Management division said:
“We are delighted to be joining forces with the team at WHEB Asset Management, which will more than double the assets under management of Foresight’s FCM division. WHEB has built an outstanding business with a strong mission and powerful brand that stands for authentic impact investing. Bringing WHEB’s products, people and culture onto the FCM platform positions our business as a leader in impact investing in public markets in the UK and in other key geographies.”

For more information, please contact:

Foresight Capital Management Distribution Team

+44 (0)20 3667 8199

fcminvestmentspecialists@foresightgroup.eu

Foresight Group Investors

Liz Scorer / Ben McGrory

+44 (0) 7966 966956 / +44 (0) 7443 821577

ir@foresightgroup.eu

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Fund manager

Foresight Group Holdings

London, United Kingdom

Founded in 1984, Foresight is a leading investment manager in real assets and capital for growth, operating across Europe, Australia, and the United States. With decades of experience, Foresight offers investors access to compelling opportunities at the forefront of change. Foresight actively builds and grows investment solutions to support the energy transition, decarbonise industry, enhance nature recovery and realise the economic potential of ambitious companies.

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