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Bridges Fund Management

From Wikipedia, the free encyclopedia
Bridges Fund Management
IndustryFinancial industry
Founded2002
FounderMichele Giddens, Philip Newborough and Sir Ronald Cohen
HeadquartersLondon, W1
United Kingdom
Websitebridgesventures.com

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

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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]

References

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  1. ^ "Bridges Ventures invests £11m in Spanish low-cost chain Viva Gym". AltAssets. 30 November 2015. Retrieved 27 June 2016.
  2. ^ Bollen, Jennifer (2 June 2015). "Bridges Ventures eyes pharmacy expansion". Financial News. Retrieved 20 May 2016.
  3. ^ "Bridges Ventures sells Babington for £22m". AltAssets. 18 April 2016. Retrieved 27 June 2016.
  4. ^ Palmer, Kate (17 April 2016). "Bridges Ventures sells online training college for £22m". The Daily Telegraph. Retrieved 20 May 2016.
  5. ^ Hill, Nick. "£6.6m sale completed for Airedale House in Leeds city centre". Bdaily News. Retrieved 20 May 2016.
  6. ^ Phan, Phillip H.; Bacq, Sophie; Nordqvist, Mattias (28 Feb 2014). Theory and Empirical Research in Social Entrepreneurship. Edward Elgar Publishing. pp. 212–214. ISBN 978-1782546832.
  7. ^ Vandekerckhove, Wim; Leys, Jos (31 Jan 2012). Responsible Investment in Times of Turmoil. Springer Science & Business Media. pp. 119–120. ISBN 978-9400740709.
  8. ^ Mathiason, Nick (14 November 2009). "Venturing into new territory - capitalism with a conscience". The Guardian. Retrieved 20 May 2016.
  9. ^ "The Future of Investment: Impact Investing" (PDF). UKSIF. Retrieved 18 November 2015.
  10. ^ Levitt, Tom (28 Sep 2012). Partners for Good: Business, Government and the Third Sector. Gower Publishing, Ltd. pp. 29–30. ISBN 9781409459422.
  11. ^ Quinn, James. "Pret man passionate about food - and hotels". The Daily Telegraph. Retrieved 3 November 2015.
  12. ^ Balch, Oliver (16 September 2014). "New UK study looks to turbo-charge social impact investment". The Guardian.
  13. ^ Henley, Will (8 January 2013). "Private equity firms increasingly investing in social impact". The Guardian. Retrieved 20 May 2016.
  14. ^ "LBS MBA team wins £17,435 in Impact Investing Competition". London Business School. Retrieved 20 May 2016.
  15. ^ Macfarlane, Alec (26 January 2015). "Bridges Ventures moves into US". Financial News. Retrieved 27 June 2016.
  16. ^ Wharton Social Impact Initiative (3 April 2015). "MIINT Competition Brings 10 Business Schools to Compete for $50,000 Opportunity". Wharton School of the University of Pennsylvania. Retrieved 18 November 2015.
  17. ^ Davidson, Alex (November 3, 2014). "How Startups Can Win Cash on Campus". The Wall Street Journal. Retrieved 7 January 2016.
  18. ^ "MBAs will turn brownfields into green—if investors help them out". Quartz. Retrieved 20 May 2016.
  19. ^ Pritchard, Becky (13 March 2014). "Bridges ventures into the community". Financial News. Retrieved 20 May 2016.
  20. ^ Chassany, Anne-Sylvaine; Correspondent, Private Equity (6 October 2013). "Bridges Ventures crosses funding hurdle". Financial Times. Retrieved 27 June 2016. {{cite web}}: |last2= has generic name (help)
  21. ^ "Bridges Ventures wins Award for Excellence at the 2012 FT/IFC Sustainable Finance Awards". Financial Times. Archived from the original on 27 April 2016. Retrieved 20 May 2016.