Positive Families Partnership is a new initiative designed to help keep hundreds of vulnerable families across London together, by preventing young people from being taken into care. Jointly commissioned by five London boroughs — Sutton, Tower Hamlets, Bexley, Merton and Newham — it has been structured as an outcomes contract funded by a social impact bond — so the provider is […]
Read moreThis is Bridges’ fourth specialist property fund, and its largest investment vehicle to date The vehicle has attracted a range of investors, including local authority pension funds, financial institutions and foundations It will follow the same strategy of investing in emerging locations, niche sectors and value situations, delivering strong societal impact and attractive financial returns […]
Read moreBridges Fund Management (“Bridges”), the specialist sustainable and impact investor, and Cerberus Capital Management, L.P. (“Cerberus”) today announced the sale of Qbic Hotel to an affiliate of Cerberus. Bridges first invested in Qbic in 2012, via its Sustainable Growth Fund III. This investment allowed for the transformation of a disused 56,000 sq. ft. office building […]
Read moreBridges recently announced the sale of Qbic Hotel to Cerberus Capital Management. Qbic is based around the innovative ‘Qbi’ concept. Developed in Amsterdam, the Qbi is a pre-fabricated bedroom made primarily from recycled materials that can be installed within an existing structure. This makes it possible to build a hotel much more quickly and efficiently […]
Read moreHalo is an innovative, high-growth digital insurance business that helps consumers get better deals on their car hire insurance and GAP insurance It was launched in 2009 as a collaboration between Bridges Fund Management, Magenta Partners and Ernesto Suarez It has been acquired by Cover-More, a leading global insurance group Halo, the innovative ‘consumer champion’ […]
Read moreBridges recently held a final close of its latest Property Alternatives Fund at £220m, our largest investment vehicle to date. The vehicle attracted a range of investors, including local authority pension funds, financial institutions and foundations. It will follow the same strategy of investing in emerging locations, niche sectors and value situations, delivering strong societal […]
Read moreJust Ask is a facilities management business that works exclusively with Housing Associations, employing nearly 450 people and serving over 50,000 homes It is currently growing at about 40% per annum and has a market-leading reputation for outstanding customer service, social value and community engagement Bridges has taken a majority stake, backing the existing management […]
Read moreMayday’s new programme ‘Be the Change!’ will initially support 100 young people in very challenging situations, identifying their strengths and helping them change their lives The programme has been commissioned by First for Wellbeing CIC, a pioneering partnership between the local authority, NHS trust and university, with support from the Big Lottery Fund It is […]
Read moreBridges has today announced that The Vet, one of its portfolio companies, has just opened the doors of its first low-cost, high quality walk-in clinic for domestic pets. The Vet, a new choice of veterinary service that aims to bring the best clinical care at affordable prices to pet-owners, is now trading from a bright […]
Read moreJessica Frame, incoming CEO, has previously held senior leadership roles at Tesco, BCG and NutriCentre Sally Bailey, incoming Chair, was the CEO responsible for transforming White Stuff into one of the UK’s leading outdoor lifestyle brands The Vet now has six sites across the UK, with new clinics due to launch in the year ahead […]
Read moreWe were delighted to win the Investing and Financing category in the recent ‘Finance for the Future Awards 2016’, in recognition of the success of the Bridges Social Entrepreneurs Fund. This fund was the first of its kind in the UK: an institutional closed-ended fund designed to provide quasi-equity, plus strategic and operational support, to […]
Read moreMichele Giddens, Bridges’ partner and co-founder, was profiled in The Financial Times recently, talking about the role that impact investment and profit-with-purpose businesses can play in tackling some of the UK’s pressing social challenges. In the article, Michele talks about Bridges’ growth from its first fund in 2002 to today’s multi-fund platform. She also calls […]
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