Investment manager Foresight Group has acquired impact investor WHEB Asset Management for an undisclosed amount.

All three of WHEB’s partners will become employees of Foresight, with the WHEB team to continue managing WHEB’s investment strategies as a fully integrated part of Foresight Capital Management (FCM).

The inclusion of WHEB within FCM will more than double the assets under management of the division.

Foresight is a London-based investment manager that looks to provide a diverse range of listed and private investment solutions.

Meanwhile, WHEB is a provider of impact investment strategies focused on listed equities.

In 2024, WHEB’s flagship listed equity impact fund adopted a Sustainability Impact label under the Financial Conduct Authority’s Sustainability Disclosure Requirements regime.

Commenting on the acquisition, WHEB managing partner, George Latham, said: “Over the past decade WHEB has built a highly successful, award-winning franchise around a core global equity impact strategy.

“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.

“We are very excited to have the support of Foresight in this next stage of WHEB’s development.”

FCM head, Nick Scullion, added: “We are delighted to be joining forces with the team at WHEB Asset Management, which will more than double the assets under management of Foresight’s FCM division.

“WHEB has built an outstanding business with a strong mission and powerful brand that stands for authentic impact investing.

“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.”

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