Foresight acquires Downing's technology ventures division

PE AUM to £1.2bn

clock • 2 min read

Foresight Group has acquired Downing’s technology ventures division, including the management of Downing’s Venture Capital trust and Enterprise Investment Scheme businesses.

The venture-focused funds Foresight will acquire are Downing ONE VCT Plc, Downing FOUR VCT Plc and the Downing Ventures EIS Scheme, in order to diversify its portfolio and provide growth opportunities. These funds, which are deployed across venture capital, AIM-quoted investment companies and legacy asset-backed investment debts in the UK, the US and Israel, have a combined AUM of £275m. The acquisition will broaden Foresight's offering to include earlier stage venture investments with thematic focuses on enterprise software, deep technology and consumer. Foresight is expected to a...

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