Bridges Ventures has announced the final close of the £25m social impact bond fund, aimed at providing investment and support for social care programmes across education, employment, housing, and care for vulnerable young people. Read the article
Read moreBridges Ventures has acquired a controlling stake in healthy snacks manufacturer Wholebake, providing a full exit for previous backer Finance Wales. Bridges invested via its Sustainable Growth Fund III, which closed on £125m in December 2013, beating its target of £100m. Read the article
Read moreBridges’ latest annual Impact Report looks to quantify some of the societal impact achieved across our funds in the last year. For instance, in the last year, Bridges portfolio investments have: Helped learners gain over 4,000 qualifications Moved over 1,000 previously unemployed people into jobs Provided at-home care to over 1,200 individuals Avoided more than 85,000 tonnes […]
Read moreSimon Ringer, head of the Bridges property funds, writes an opinion piece for Estates Gazette on the growing interest within the property world in investing for social and environmental impact. The article includes case studies from the Bridges portfolio, illustrating how an impact-led approach can generate both positive societal benefits and attractive financial returns. Read […]
Read moreBridges is backing two new Social Impact Bonds to be delivered by Career Connect and Teens & Toddlers as part of Government’s new Youth Engagement Fund Both providers have already delivered successful SIBs that have resulted in better social outcomes for the Government and will repay investors in full Bridges has now invested in 13 UK-commissioned SIBs […]
Read moreBridges’ Sustainable Property Fund bought the property in 2011 Since then the building’s carbon footprint has been reduced by 60% and tenants’ energy bills have been halved The site – which is now fully occupied – is prominently positioned near the M5 The Bridges Sustainable Property Fund, a specialist property fund managed by Bridges Ventures […]
Read moreThe portfolio comprises 50 business centres offering a range of serviced office, light industrial and self-storage units Regus acquired the portfolio last year and will continue to manage it on the existing flexi-leasing model The acquisition is the fifth by Bridges’ new Property Alternatives fund Bridges Ventures (“Bridges”), the specialist sustainable and impact investor, has […]
Read moreThe two sites are in Stoke Mandeville in Buckinghamshire and Diss in Norfolk Both are already let or pre-let to charitable operators providing high standards of care These are the fourth and fifth exits from the CarePlaces Fund, a partnership between Bridges Ventures and Castleoak The CarePlaces Fund, a specialist healthcare property fund managed by […]
Read morePaul Norman of CoStar covered Bridges’ £6m sale of Elmbridge Court, a business park near Gloucester, to Archimedes, a fund managed by M7 Real Estate. Read the article here. (£)
Read moreBridges featured in a story by Civil Society Finance’s Alice Sharman on the seven SIBs launched by the Cabinet Office on the 20th March. Partner Antony Ross is quoted talking about how the follow-up contracts awarded to Career Connect and Teens & Toddlers provide compelling evidence that SIBs work. For the full story, click here. […]
Read moreOn Tuesday, the New York Times featured an op-ed by David Brooks on the rise of impact investing, which the author believes is a great way for people to leave their mark on the world. The article draws on input from Brian Trelstad, a partner in Bridges’ US office, outlining some of the kinds of deals […]
Read moreThis month, Private Equity International‘s Responsible Investment Special features an op-ed by Bridges partner Clara Barby, looking at why (and how) more institutional investors should allocate to impact investment. Last year, Clara (who heads our Impact+ advisory group) co-authored the asset allocation paper produced as part of the G8 Taskforce on Social Investment. In this […]
Read more