Foresight reach financial close on the RCF financing for their ITS Fund

Elgar Middleton are pleased to have advised Foresight Group LLP (“Foresight”) on the RCF financing for their ITS Fund.

The Foresight ITS Fund was established to provide a diversified real asset investment portfolio for retail investors. The Fund has been investing for over 10 years in mainly UK situated infrastructure assets, including renewable energy generation, telecommunications, forestry, social infrastructure, and biomethane refuelling.

The RCF provides additional capital for the expansion of the existing portfolio investments and will also provide Foresight greater liquidity during their acquisitions of new portfolio investments.

The facility was provided by Hamburg Commercial Bank AG.

Elgar Middleton was exclusive financial advisor to Foresight on this transaction.