Despite a slight dip in Foresight‘s assets, profits at the real assets-focused firm were on the rise as it generated ‘record’ fundraising into higher margin evergreen private equity (PE) vehicles.
In its full year results to the end of March 2024, the firm generated pre-tax profits of £34.3m, a 25.6% boost on last year’s figure of £27.3m. Revenue was 19% higher at £141.3m.
Assets under management (AUM) for the period decreased marginally, from £12.3bn in the previous year to £12.1bn.