Foresight Group AUM Rises 3% in H1, Reaffirming Investor Confidence

On Wednesday, Foresight Group Holdings (LON: FGH) announced a positive trading update for the first half of fiscal year 2026, demonstrating sustained investor appetite for its specialist investment products.

The company's Assets Under Management (AUM) increased by 3%, signaling healthy growth and investor confidence in the firm's strategies.

AUM climbed to £13.6 billion, up from £13.2 billion at the end of FY25. Funds Under Management (FUM) also edged up by 1% to £9.6 billion. On a constant currency basis, AUM reached £13.5 billion, with FUM remaining at £9.6 billion.

Core EBITDA pre-SBP for H1 FY26 is aligned with management expectations and current FY26 consensus estimates. Recurring revenue is anticipated to remain within the target range of 85-90%.

The company successfully raised £223 million into higher margin retail vehicles, positioning it for another record year, supported by a robust pipeline for the second half.

Foresight Energy Infrastructure Partners II (FEIP II) secured €505 million in commitments from both new and existing limited partners, marking the conclusion of the first phase of fundraising.

FEIP II completed a £210 million investment into UK battery storage through the acquisition of Harmony Energy Income Trust (HEIT), alongside another Foresight fund, demonstrating strategic deployment of capital into promising sectors.

Foresight Capital Management (FCM) delivered positive investment performance of £36 million, although it experienced net outflows of £136 million.

The sale of Zenith Energy in Australia, a leading independent power producer, generated performance fees for the Group, contributing positively to the overall financial performance. The valuation achieved was materially above the fund's prior holding value.

Post period-end, Foresight continued the roll-out of its regional private equity strategy with a £90 million first close of a 16th regional fund, highlighting its commitment to expanding its reach and investment capabilities.

Bernard Fairman, Executive Chairman of Foresight Group Holdings Limited, commented, “We continue to see sustained investor appetite for our specialist products. Demand for our higher margin business relief products has remained elevated.” He further added that the private equity division launched its 16th regional institutional fund post period end.

Fairman expressed confidence that FEIP II would achieve its target fund size of €1.25 billion by mid-2027, supported by a strong investor pipeline and the initial deployment success through the recent acquisition of HEIT.