Bridges Fund Management has held a final close on Social Outcomes Fund II, its second fund dedicated to social outcomes contracts, with commitments of £35m. Social outcomes contracts are increasingly used by Government to commission vital social services from mission-driven providers. Instead of the traditional ‘fee for service’ approach, these contracts are structured so that […]
Read moreBridges Fund Management (“Bridges”) has raised £155m of capital to invest in impactful growth businesses and mission-led enterprises, following the close of its latest growth fund and a number of managed accounts. Over the last two years, Bridges has been re-shaping its investment platform in response to demand from impact-driven entrepreneurs seeking different kinds of […]
Read moreBridges Fund Management has acquired GEV Wind Power (“GEV”), one of the world’s leading wind turbine repair and maintenance providers, from Maven Capital Partners. The existing management team, led by CEO David Fletcher, is re-investing as part of the deal and will continue to lead the business in this growth market. We must produce more […]
Read moreOur latest annual report looks at all the highlights from what was a momentous year for Bridges: our funds raised since inception passed the £1bn mark, following fund closes on three of our investment strategies. Click here to have a read. We’d love to know what you think!
Read moreResearch shows that people increasingly want to work for, buy from and invest in companies that have mission and impact at their heart of their business models. In her third Forbes blog, Michele Giddens talks about the rise of the B Corp movement – emblematic of this developing trend – arguing that this creates an […]
Read moreIn her fourth Forbes blog post, Michele Giddens argues that one of the biggest barriers to the growth of impact investing is the lack of consensus about what ‘impact’ actually means. So it’s significant that over the last two years, the Impact Management Project (IMP) has managed to bring together around 2,000 organisations from around […]
Read moreThe next phase of the Impact Management Project (IMP), was launched today at the UN General Assembly in New York. The IMP was conceived to tackle one of the biggest challenges facing investors and businesses: how do we find a commonly-accepted way of defining, measuring and reporting on the impact that every investment has on […]
Read moreCucina is a fast-growing school catering business that serves 50 schools in England Healthier eating in schools drives better behaviour and attainment, and helps tackle the growing health crisis of childhood obesity Bridges’ investment will support the management team to expand to new schools and broaden Cucina’s service proposition Cucina joins Innovate to form the […]
Read moreWe’re delighted to announce that Bridges has been named ‘Responsible Investor of the Year’ in this year’s Unquote British Private Equity Awards! The award recognises managers who go beyond typical ESG requirements, thinking carefully about how they can make a positive impact on people or the planet. Bridges was honoured for incorporating impact into every […]
Read moreAs governments look for more effective ways of tackling social challenges, outcomes contracts offer a way to target spending on the most effective solutions to pressing challenges – often by focusing on prevention rather than treating the symptoms – with the help of private capital and expertise. In this blog, Michele examines how outcomes contracts […]
Read moreThis year Michele led a working group for the Global Steering Group on Impact Investing, looking at what the governments of the 20 GSG members (19 countries plus the EU) have been doing to catalyse the growth of the market in their respective countries. In her latest Forbes blog, she summarises some of the key […]
Read moreThe Global Steering Group for Impact Investment (GSG) is an independent collaboration of practitioners aiming to catalyse impact investment and entrepreneurship around the world. Bridges co-founder Michele Giddens (who previously chaired the UK National Advisory Board on Impact Investing, the GSG’s UK offshoot) recently led a Working Group tasked with exploring the role of government […]
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