Impact investor WHEB Asset Management has been acquired by investment manager Foresight Capital Management (FCM) in a deal expected to add almost £800 million (US$994.2 million) to the group’s assets under management. FCM provides institutional and retail investors with a range of listed and private investment solutions to reduce global carbon emissions and improve social infrastructure for businesses and communities while driving strong long-term financial returns. “WHEB has built an outstanding business with a strong mission and powerful brand that stands for authentic impact investing,” said Nick Scullion, Head of FCM. “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.” All three of WHEB’s partners will become part of Foresight and will remain in London, managing their existing investment strategies as part of the Foresight group. “Over the past decade WHEB has built a highly successful, award-winning franchise around a core global equity impact strategy,” said George Latham, Managing Partner at WHEB. “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.”
