Shares in Foresight Group Holdings Ltd (LSE:FSG), the investment trust and VCT manager, rose 8% to 412.5p after it upped its underlying profit guidance for the year to end-March as revenue is expected to be "significantly up" on the prior year ahead of latest consensus forecasts.
The manager of JLEN Environmental Assets (LSE:JLEN) and Foresight VCT, strengthening its guidance for core EBITDA to the top end of its previously guided 8-10% range.
It reported continued profitable realisations generating performance fees across the business and said its various funds had raised £151mln in the past quarter.
The fourth quarter saw net its Foresight Capital Management (FCM) division experience outflows of £69mln.
The full year saw group assets under management grow 37% to £12.2bn and funds under management 34% to £9bn, which it said was "well in excess of our target".
Executive chairman Bernard Fairman called it an "outstanding" year, including significant growth of the geographic footprint through acquisition in Australia and the FCM division expanding into the US sub-advisory market.
He said the outlook "remains very positive, being ideally positioned to capture the long-term structural growth trends in our key markets".
The focus in the new year is organic growth, he added, with a "strong" infrastructure fundraising pipeline including established strategies in Australia and the UK returning to the market, supported by new opportunities including European renewables and a planned expansion into adjacent asset classes, such as hydrogen.