The backer of Mowgli Street Food has returned more than £100m to investors since the launch of its North West fund , it has been confirmed.
Foresight Group made the payments through its North West Regional Investment Fund which completed three exits during the last 12 months.
The £58m fund was launched in 2016 and has backed 17 SMEs so far.
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The exits included Manchester-based interpreting business DA Languages in December, Euxton-based Hedges Direct in February and Manchester's Clubhouse Golf in March 2020.
Fund investors, which includes the Greater Manchester Pension Fund, have now received cash proceeds in aggregate of 1.8x cost – more than £100m - with 14 investments still held in the portfolio.
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Foresight Group partner Claire Alvarez said: "We have worked incredibly hard in a true partnership with the management teams of our portfolio companies to help them grow and become stronger and more sustainable companies.
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"In doing this we have also generated outstanding returns for our investors – including several local authority pension funds – which supported us with the original fundraise in 2016.
"It was a pleasure to work with the team at DA Languages to create the outstanding company it is today.
"The Fffund continues to support the management of our remaining portfolio companies to implement their growth plans and create and support jobs across the North West, South Yorkshire, West Yorkshire and North Wales.
"Our aim is to find companies of a similar calibre for our second regional fund and work with them to be the best in their respective fields."