Infrastructure investment firm Foresight Group has promoted three staff from directors to partners in a boost to its solar and bioenergy divisions.
Minal Patel and Ricardo Piñeiro, formerly directors of Foresight’s bioenergy and UK solar departments respectively, have been named as partners. Director of private equity Matt Smith has also joined the partner ranks, which numbers at 15.
Patel has been at Foresight since January 2014, arriving from the Royal Bank of Scotland. Piñeiro joined the fund manager in March 2011 from Portugal-headquartered Espirito Santo Investment Bank.
The promotions come after a year in which Foresight grew its assets under management by 28 percent to £2.3 billion ($2.8 billion; €2.6 billion). In an increasingly competitive UK secondary solar market, Foresight’s Solar Fund added a further 10MW to its portfolio, which now counts 16 projects. The firm also raised £61 million through a share placement and tap issue in the fourth quarter.
Its waste infrastructure portfolio grew to 28 projects, either in construction or operational, following the conclusion of 12 new deals. Last year, Foresight also launched its A$100 million ($73.4 million; €69.5 million) Australian Bioenergy Fund and agreed nine investments in anaerobic digestion plants alongside the Green Investment Bank.