Bridges Fund Management Explained

Bridges Fund Management
Foundation:2002
Founder:Michele Giddens, Philip Newborough and Sir Ronald Cohen
Location:London,
United Kingdom
Industry:Financial industry

Bridges Fund Management Ltd. (or Bridges) (Previously Bridges Ventures) is a fund manager that specialises in sustainable and impact investing. It invests in business, properties and social sector organisations, with a focus on four impact themes: health and wellbeing,[1] [2] education[3] and skills,[4] sustainable living and under-served markets.[5] [6] [7]

History

Bridges was founded in 2002 by Michele Giddens,[8] Philip Newborough and Sir Ronald Cohen.[9] [10]

Bridges was founded following the recommendations of the Social Investment Task Force,[11] which was established by the UK government in 2000.[12]

Bridges has an advisory arm, Bridges Impact+. It has a dual function: to maximise the social and environmental impact of Bridges’ own investments, and to work with external clients on projects that help to develop the sustainable and impact investing market as a whole.[13]

Bridges Impact+ also runs an educational programme in partnership with the Wharton School of Business’s Social Impact Initiative called MBA Impact Investing Networking & Training (MIINT).[14] The programme takes place annually and has historically included US graduate schools.[15] Social enterprises represented by the winning team are ultimately awarded a seed investment.[16] [17] [18] [19] [20]

Bridges won FT/IFC Sustainable Finance Award 2012 awarded by the Financial Times.[21]

Notes and References

  1. Web site: Bridges Ventures invests £11m in Spanish low-cost chain Viva Gym. AltAssets. 30 November 2015. 27 June 2016.
  2. Web site: Bollen. Jennifer. Bridges Ventures eyes pharmacy expansion. Financial News. 20 May 2016. 2 June 2015.
  3. Web site: Bridges Ventures sells Babington for £22m. AltAssets. 18 April 2016. 27 June 2016.
  4. News: Palmer. Kate. Bridges Ventures sells online training college for £22m. The Daily Telegraph. 17 April 2016. 20 May 2016.
  5. Web site: Hill. Nick. £6.6m sale completed for Airedale House in Leeds city centre. Bdaily News. 20 May 2016.
  6. Book: Phan. Phillip H.. Bacq. Sophie. Nordqvist. Mattias. Theory and Empirical Research in Social Entrepreneurship. 28 Feb 2014. Edward Elgar Publishing. 978-1782546832. 212–214.
  7. Book: Vandekerckhove. Wim. Leys. Jos. Responsible Investment in Times of Turmoil. 31 Jan 2012. Springer Science & Business Media. 978-9400740709. 119–120.
  8. Web site: Mathiason. Nick. Venturing into new territory - capitalism with a conscience. The Guardian. 20 May 2016. 14 November 2009.
  9. Web site: The Future of Investment: Impact Investing. UKSIF. 18 November 2015.
  10. Book: Levitt. Tom. Partners for Good: Business, Government and the Third Sector. 28 Sep 2012. Gower Publishing, Ltd.. 9781409459422. 29–30.
  11. News: Quinn. James. Pret man passionate about food - and hotels. 3 November 2015. The Daily Telegraph.
  12. News: Balch. Oliver. New UK study looks to turbo-charge social impact investment. The Guardian. 16 September 2014.
  13. Web site: Henley. Will. Private equity firms increasingly investing in social impact. The Guardian. 20 May 2016. 8 January 2013.
  14. Web site: LBS MBA team wins £17,435 in Impact Investing Competition. London Business School. 20 May 2016. en-GB.
  15. Web site: Macfarlane. Alec. Bridges Ventures moves into US. Financial News. 27 June 2016. 26 January 2015.
  16. Web site: Wharton Social Impact Initiative. MIINT Competition Brings 10 Business Schools to Compete for $50,000 Opportunity. 3 April 2015. Wharton School of the University of Pennsylvania. 18 November 2015.
  17. News: Davidson. Alex. How Startups Can Win Cash on Campus. 7 January 2016. The Wall Street Journal. November 3, 2014.
  18. Web site: MBAs will turn brownfields into green—if investors help them out. Quartz. 20 May 2016.
  19. Web site: Pritchard. Becky. Bridges ventures into the community. Financial News. 20 May 2016. 13 March 2014.
  20. Web site: Chassany. Anne-Sylvaine. Correspondent. Private Equity. Bridges Ventures crosses funding hurdle. Financial Times. 27 June 2016. 6 October 2013.
  21. Web site: Bridges Ventures wins Award for Excellence at the 2012 FT/IFC Sustainable Finance Awards. Financial Times. 20 May 2016. 27 April 2016. https://web.archive.org/web/20160427203019/http://aboutus.ft.com/2012/06/14/bridges-ventures-standard-chartered-and-kilimo-salama-among-those-honoured-at-the-2012-ftifc-sustainable-finance-awards/#axzz2GDm2Sbkt. dead.

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