Bridges Ventures

Bridges Ventures
Industry Financial industry
Founded 2002
Founder Michele Giddens, Philip Newborough and Sir Ronald Cohen
Headquarters London, UK
Website bridgesventures.com

Bridges Ventures (or Bridges) 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]

Originally called Bridges Community Ventures, 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 by Financial Times.[21]

References

  1. ↑ "Bridges Ventures invests £11m in Spanish low-cost chain Viva Gym". AltAssets. 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. Retrieved 27 June 2016.
  4. ↑ Palmer, Kate. "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 1782546839.
  7. ↑ Vandekerckhove, Wim; Leys, Jos (31 Jan 2012). Responsible Investment in Times of Turmoil. Springer Science & Business Media. pp. 119–120. ISBN 9400740700.
  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. "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". 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.
  21. ↑ "Bridges Ventures wins Award for Excellence at the 2012 FT/IFC Sustainable Finance Awards". Financial Times. Retrieved 20 May 2016.
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