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SME investor Foresight takes office in central Edinburgh

Graeme McKinstry and Dan Halliday

New team: Graeme McKinstry and Dan Halliday

Foresight Group, an investor in small companies, has opened an office in central Edinburgh, its fifth across the UK.

The company is one of the equity fund managers appointed this year to the Scottish Growth Scheme, a £500 million package of financial support for Scottish businesses.

Foresight has been allocated £20m, creating the Foresight Scottish Growth Fund, a Fund offering equity investments of up to £2m in rounds of up to £10m, to growing SMEs throughout Scotland. It is likely co-invest with like-minded investment managers and other Foresight funds.

Dan Halliday has joined the George Street office as a senior investment manager from Rcapital where he provided strategic, financial and operational support to portfolio companies, predominantly in Scotland.

He will work alongside Graeme McKinstry, investment manager, who previously worked in a similar role at Par Equity where he focused on early stage venture capital investments.

Foresight has been investing in small businesses across the UK for more than 35 years and has made more than 30 investments over the last 12 months and with a portfolio of more than 90 companies.

Its growing private equity team of 26 investment professionals now manages some £700 million from offices throughout the UK.

Russell Healey, head of Foresight Private Equity, said: “The award of  the £20 million Foresight Scottish Growth Fund mandate and the opening of our office in Edinburgh has been further validation of our regional investment strategy. 

“We now have a number of institutional funds under management which, alongside our Venture Capital Trusts and Enterprise Investment Schemes, offer attractive and flexible funding solutions for UK SMEs looking for development finance or business owners looking to exit.”

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