Foresight Group Holdings has acquired WHEB Asset Management, an impact investor.
Headquartered in London, Foresight is an investment manager that provides a diverse range of listed and private investment solutions. These help reduce the world’s carbon emissions, improve social infrastructure and support the long-term growth of ambitious companies.
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All three of WHEB’s partners will become employees at Foresight with the WHEB team continuing to manage WHEB’s investment strategies as a fully integrated part of Foresight Capital Management (FCM).
In addition, the inclusion of WHEB within FCM will more than double the assets under management of this division.
George Latham, managing partner at WHEB, 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, head of Foresight Capital Management, added: “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.”
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