Foresight Is Said to Weigh New €500 Million Natural Capital Fund

Foresight Group Holdings Ltd. is looking to raise as much as €500 million ($581 million) for a new fund targeting natural capital investments, according to people familiar with the matter.

The London-listed investment firm’s new fund—Natural Capital II—will focus on opportunities in Europe, said the people, who asked not to be identified as the information is private. The strategy will target sustainable timber, carbon credits and biodiversity credits, the people said.

The strategy comes under Foresight’s infrastructure arm, which manages about £10.2 billion ($13.9 billion) of assets. The Natural Capital II fund will be led by managing directors Richard Kelly ...