News | 26/03/2024

Foresight toasts £50m investment in East of England since 2019

The success has been underpinned by the simultaneous launch of Foresight’s East of England Fund, cornerstoned by the Cambridgeshire Pension Fund and which targets long term value growth for investors while creating a permanent pool of capital to fund smaller businesses in the region and beyond.

To date, it has invested over £43 million in nine companies. The fund has typically invested £1-10 million in established companies with a view to helping management teams deliver their growth ambitions.

In tandem, other growth and venture funds managed by Foresight have supported the journeys of five Cambridge-based earlier stage technology companies with around £7 million worth of investment.

The East of England is home to more than 20,000 small established companies. While it has historically received venture capital funding for early-stage businesses, prior to Foresight’s East of England Fund and Cambridge office launch, it was less well served by more generalist private equity to support established, smaller companies.

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