A joint venture between Bridges Ventures and Chancerygate has sold The Curve, a student accommodation development in London’s Aldgate, to LaSalle Investment Management for £60.3m reflecting a yield of 6%. Bridges Sustainable Property Fund and Chancerygate jointly acquired the site south of Whitechapel High Street in 2010 to target growth in the area based on […]
Read more■ First fund of its kind, it will provide investment and support to charities and social enterprises to deliver social outcomes-based contracts ■ Bridges Ventures (Bridges) and Big Society Capital have today announced the launch of the Bridges Social Impact Bond Fund. The first of its kind, the fund will invest in charities and social […]
Read moreBridges Sustainable Property Fund has acquired a Grade II listed building in Birmingham’s historic Jewellery Quarter. 50-54 St Paul’s Square was formerly a jewellers’ workshop, now converted into 25 office units and a ground floor restaurant. Bridges Sustainable Property Fund is currently refurbishing the site, with a focus on retaining the original features whilst incorporating […]
Read moreBridges Ventures is delighted to announce the launch of the DNA Profit for Purpose Prize, a competition to find a dynamic entrepreneur who has the passion and experience to make a positive change in the world by building a scalable business that can deliver both attractive financial returns and positive social or environmental impact. The […]
Read moreA syndicate of social investors comprising the Bridges Social Entrepreneurs Fund, Esmée Fairbairn Foundation and Trust for London have joined forces to back a project which will test a new shared housing model to help those who have suffered from homelessness and social exclusion. The syndicate of investors will commit a combined £1.5 million to […]
Read moreWe are delighted to share the news that The Gym, one of Bridges Ventures’ investee companies, has received yet another prestigious industry recognition. John Treharne, the company’s chief executive, has been named “CEO of the Year in the South East” by the BVCA Management Team Awards that celebrates the achievements of companies backed by private […]
Read moreLondon, 13 June 2013 – Bridges Ventures (“Bridges”) has today announced that it has sold its majority position in The Gym Group (‘”The Gym”) to Phoenix Equity Partners, its fourth successful realisation in the last twelve months. The transaction represents a 50% IRR and 3.7x multiple for investors in Bridges funds, of which a minority […]
Read moreBridges Ventures is delighted to announce that timto’s “Uplifting Gifting” platform is the winner of the DNA Profit with Purpose Prize. The winner of this unique prize – comprising of £100k equity investment and hands-on support from Bridges and a group of angel investors – was announced at last week’s DNA Summit, after pitches from […]
Read moreBridges Ventures has announced the first investment of the Bridges Social Impact Bond Fund in a new adoption scheme that has been launched today at the Houses of Parliament. The fund is investing in the ‘It’s All About Me” (IAAM) scheme – a programme developed by eighteen voluntary adoption agencies and structured as a social […]
Read moreBridges Ventures (“Bridges”) has announced it is backing Qbic Hotel London, a brand-new budget boutique hotel to open in London’s East End this week. Located in Whitechapel, in the Borough of Tower Hamlets, and with rooms from as little as £59 per night, the hotel will offer affordable yet stylish accommodation to leisure and business […]
Read moreBridges Ventures is delighted to announce it has been awarded the “Venture Exit of the Year” Award in the prestigious unquote British Private Equity Awards 2013, held in London last night. A link to the full list of awards is here. Bridges was chosen as the winner for its role in the creation and success […]
Read morePayment-by-Results (PbR) schemes can be boosted by five key actions, leading social investors Big Society Capital and Bridges Ventures (Bridges) have told Minister for Government Policy, Oliver Letwin. The adoption of PbR has grown significantly during 2012 – with ‘over ten’ separate schemes involving social enterprises and charities as delivery partners and social investors providing […]
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