Foresight expands European presence with new AIFM in Luxembourg
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Foresight expands European presence with new AIFM in Luxembourg 19 January 2021Luxembourg Reporter: Becky Bellamy
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Independent infrastructure and private equity investment manager Foresight has opened a new alternative investment fund manager (AIFM) office in Luxembourg.
Foresight says the new AIFM licence will enable it to meet the needs of its EU investor base and strengthen its presence in continental Europe.
The new office will be led by Adela Baho and Jasper Jansen, who have joined Foresight as directors and conducting officers.
The duo, who have nearly 40 years of combined experience in the fund management industry, led the process of acquiring the AIFM licence in Luxembourg.
Baho says: “We expect to be an active participant in the European “Green Deal” and become a leader in long-term investing into the resilient infrastructure required to enable the transition to a sustainable society.”
The new AIFM will allow Foresight to continue to provide a “stable regulatory and compliant investment framework for our broad base of professional/institutional and retail investors in the EU and UK”, according to Jansen.
Foresight currently manages two EU domiciled funds, the €75 million Foresight Italian Green Bond Fund and the EU-taxonomy validated approximately at €430 million Foresight Energy Infrastructure Partners.
The expansion demonstrates its commitment to ensuring post-Brexit continuity of the provision of fund management services within the EU, according to Foresight.
Federico Giannandrea, partner and head of southern Europe at Foresight, says its permanent establishment in Luxembourg marks an important milestone in the firm’s strategic expansion in continental Europe.
Giannandrea explains: “This is the third step, following the establishment of our Italian and Iberian offices, of a wider plan to consolidate Foresight’s position among the top sustainable asset managers Worldwide.”
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