Regional private equity and infrastructure investment manager Foresight Group has opened an office in Exeter as it continues to build its presence across the South West.
Jamie Pelmear
The office is being led by Jamie Pelmear, who has been appointed investment associate.
He joins the private equity team and will support the deployment and management of the Foresight South West Fund, which recently reached a second close at £100m following investment from Devon Pension Fund and Avon Pension Fund.
The fund is dedicated to supporting the growth of SMEs across the entire South West.
FTSE 250-listed Foresight, which opened an office in Bristol earlier this year, manages a number of regionally focused private equity and venture capital funds dedicated to growing companies.
It said Jamie brought experience in working with growing businesses across the region.
He has been part of the Exeter business community for more than 10 years and will work closely with the wider team to identify and support promising companies with long-term growth potential.
Amy Crofton, managing director at Foresight Group, said: “Jamie’s appointment and the opening of our Exeter office marks another important step in our commitment to the South West.
“We’re building a strong local team to ensure we’re well placed to support the region’s business community and help deliver long-term growth.”
Jamie Pelmear added: “I’m pleased to be joining Foresight at such an exciting time for the South West Fund. The region is home to a wide range of ambitious businesses, and I’m looking forward to working with founders and management teams to help them achieve their growth plans.”
Devon County Councillor Steve Lodge, chair of the investment and pension fund committee, said: “We are delighted to see Foresight open an office in Exeter.
“There is a thriving community of small companies across Devon, and from this new office, this fund will help local companies grow and provide local jobs, whilst still delivering the investment returns we need to meet our liability to pay pensions.”
