Foresight Group invests £9m into tech and software firms following portfolio boost

London-headquartered Foresight Group plc has announced its unaudited half-year results to June 30 2019.

The infrastructure and private equity investment firm’s net assets currently stand at £132.3m, while its portfolio has seen an increase in valuation of £4.8m in the past six months.

As of June 30, the company’s portfolio comprised 42 investments with a total cost of £85.7m with a valuation estimate of £112.8m. The portfolio has been divided by sectors, transaction types and the kind of maturity profile.

The company has also invested a total of £9m during the first six months of 2019.

This included Clubspark, a sports management software company; Steamforged Games, a developer and retailer of tabletop games; Fourth Wall Creative a technology-led sports merchandising business; and - most recently - Ten Health & Fitness, a boutique group of health and fitness studios.

For the rest of 2019 and beyond, one of Foresight Group’s objectives so far is to increase and maintain its net asset value (NAV) - majorly above £150m. Furthermore, it continues to pursue and complete many new and follow-on investments year-on-year.