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'''Bridges Ventures''' (or '''Bridges''') is a [[fund manager]] that specialises in sustainable and [[impact investing]]. It invests in business, properties and social sector organisations that work to address long-term societal challenges, with a focus on four impact themes: health and well-being,<ref>{{cite web|last1=Bollen|first1=Jennifer|title=Bridges Ventures eyes pharmacy expansion|url=http://www.efinancialnews.com/story/2015-06-02/bridges-ventures-medicx-pharmacy-group|website=[[Financial News]]|accessdate=20 May 2016|date=2 June 2015}}</ref> education and skills,<ref>{{cite web|last1=Palmer|first1=Kate|title=Bridges Ventures sells online training college for £22m|url=http://www.telegraph.co.uk/business/2016/04/17/bridges-ventures-sells-online-training-college-for-22m/|website=[[The Daily Telegraph]]|accessdate=20 May 2016}}</ref> sustainable living and under-served markets.<ref>{{cite web|last1=Hill|first1=Nick|title=£6.6m sale completed for Airedale House in Leeds city centre|url=https://bdaily.co.uk/industrials/06-05-2016/66m-sale-completed-for-airedale-house-in-leeds-city-centre/|website=Bdaily News|accessdate=20 May 2016}}</ref><ref>{{cite book|last1=Phan|first1=Phillip H.|last2=Bacq|first2=Sophie|last3=Nordqvist|first3=Mattias|title=Theory and Empirical Research in Social Entrepreneurship|date=28 Feb 2014|publisher=Edward Elgar Publishing|isbn=1782546839|pages=212-214|url=https://books.google.co.uk/books?id=45vqAgAAQBAJ&dq=bridges+ventures&source=gbs_navlinks_s}}</ref><ref>{{cite book|last1=Vandekerckhove|first1=Wim|last2=Leys|first2=Jos|title=Responsible Investment in Times of Turmoil|date=31 Jan 2012|publisher=Springer Science & Business Media|isbn=9400740700|pages=119-120|url=https://books.google.co.uk/books?id=O99GOKXUCZsC&pg=PA119&dq=bridges+ventures&hl=en&sa=X&ved=0ahUKEwiptqL90ZfKAhUB2hQKHV9dBXIQ6AEIJzAB#v=onepage&q=bridges%20ventures&f=false}}</ref>
'''Bridges Ventures''' (or '''Bridges''') is a [[fund manager]] that specialises in sustainable and [[impact investing]]. It invests in business, properties and social sector organisations that work to address long-term societal challenges, with a focus on four impact themes: health and well-being,<ref>{{cite web|title=Bridges Ventures invests £11m in Spanish low-cost chain Viva Gym|url=https://www.altassets.net/private-equity-news/by-news-type/deal-news/bridges-ventures-invests-in-spanish-low-cost-chain-viva-gym.html|website=[[AltAssets]]|accessdate=27 June 2016}}</ref><ref>{{cite web|last1=Bollen|first1=Jennifer|title=Bridges Ventures eyes pharmacy expansion|url=http://www.efinancialnews.com/story/2015-06-02/bridges-ventures-medicx-pharmacy-group|website=[[Financial News]]|accessdate=20 May 2016|date=2 June 2015}}</ref> education<ref>{{cite web|title=Bridges Ventures sells Babington for £22m|url=https://www.altassets.net/private-equity-news/by-news-type/deal-news/bridges-ventures-sells-babington-for-22m.html|website=[[AltAssets]]|accessdate=27 June 2016}}</ref> and skills,<ref>{{cite web|last1=Palmer|first1=Kate|title=Bridges Ventures sells online training college for £22m|url=http://www.telegraph.co.uk/business/2016/04/17/bridges-ventures-sells-online-training-college-for-22m/|website=[[The Daily Telegraph]]|accessdate=20 May 2016}}</ref> sustainable living and under-served markets.<ref>{{cite web|last1=Hill|first1=Nick|title=£6.6m sale completed for Airedale House in Leeds city centre|url=https://bdaily.co.uk/industrials/06-05-2016/66m-sale-completed-for-airedale-house-in-leeds-city-centre/|website=Bdaily News|accessdate=20 May 2016}}</ref><ref>{{cite book|last1=Phan|first1=Phillip H.|last2=Bacq|first2=Sophie|last3=Nordqvist|first3=Mattias|title=Theory and Empirical Research in Social Entrepreneurship|date=28 Feb 2014|publisher=Edward Elgar Publishing|isbn=1782546839|pages=212-214|url=https://books.google.co.uk/books?id=45vqAgAAQBAJ&dq=bridges+ventures&source=gbs_navlinks_s}}</ref><ref>{{cite book|last1=Vandekerckhove|first1=Wim|last2=Leys|first2=Jos|title=Responsible Investment in Times of Turmoil|date=31 Jan 2012|publisher=Springer Science & Business Media|isbn=9400740700|pages=119-120|url=https://books.google.co.uk/books?id=O99GOKXUCZsC&pg=PA119&dq=bridges+ventures&hl=en&sa=X&ved=0ahUKEwiptqL90ZfKAhUB2hQKHV9dBXIQ6AEIJzAB#v=onepage&q=bridges%20ventures&f=false}}</ref>


Bridges has almost £600m in [[Assets under management|funds under management]] across its Sustainable Growth, Property and Social Sector Funds. It is part-owned by the Bridges Charitable Trust.<ref>{{cite book|last1=Cathy Clark, Jed Emerson, Ben Thornley|title=The Impact Investor: Lessons in Leadership and Strategy for Collaborative Capitalism|publisher=Jossey-Bass|url=https://books.google.co.uk/books?id=D1rOAwAAQBAJ&pg=PT101&lpg=PT101&dq=Bridges+was+founded+in+2002+by+Michele+Giddens,+Philip+Newborough+and+Sir+Ronald+Cohen.%5B2%5D&source=bl&ots=aW5kndvvF0&sig=pK8AStK_41cibe5XbFudrdRLMEg&hl=en&sa=X&ved=0CCwQ6AEwAmoVChMIhK64zrL0yAIVjOsaCh1TcAmK#v=onepage&q=Bridges%20was%20founded%20in%202002%20by%20Michele%20Giddens%2C%20Philip%20Newborough%20and%20Sir%20Ronald%20Cohen.%5B2%5D&f=false|accessdate=3 November 2015}}</ref>
Bridges has almost £600m in [[Assets under management|funds under management]] across its Sustainable Growth, Property and Social Sector Funds. It is part-owned by the Bridges Charitable Trust.<ref>{{cite book|last1=Cathy Clark, Jed Emerson, Ben Thornley|title=The Impact Investor: Lessons in Leadership and Strategy for Collaborative Capitalism|publisher=Jossey-Bass|url=https://books.google.co.uk/books?id=D1rOAwAAQBAJ&pg=PT101&lpg=PT101&dq=Bridges+was+founded+in+2002+by+Michele+Giddens,+Philip+Newborough+and+Sir+Ronald+Cohen.%5B2%5D&source=bl&ots=aW5kndvvF0&sig=pK8AStK_41cibe5XbFudrdRLMEg&hl=en&sa=X&ved=0CCwQ6AEwAmoVChMIhK64zrL0yAIVjOsaCh1TcAmK#v=onepage&q=Bridges%20was%20founded%20in%202002%20by%20Michele%20Giddens%2C%20Philip%20Newborough%20and%20Sir%20Ronald%20Cohen.%5B2%5D&f=false|accessdate=3 November 2015}}</ref>
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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.<ref>{{cite web|last1=Henley|first1=Will|title=Private equity firms increasingly investing in social impact|url=http://www.theguardian.com/sustainable-business/blog/private-equity-investment-social-impact-sustainability|website=[[The Guardian]]|accessdate=20 May 2016|date=8 January 2013}}</ref>
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.<ref>{{cite web|last1=Henley|first1=Will|title=Private equity firms increasingly investing in social impact|url=http://www.theguardian.com/sustainable-business/blog/private-equity-investment-social-impact-sustainability|website=[[The Guardian]]|accessdate=20 May 2016|date=8 January 2013}}</ref>


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).<ref>{{cite web|title=LBS MBA team wins £17,435 in Impact Investing Competition|url=https://www.london.edu/news-and-events/news/lbs-mba-team-wins-gbp-17435-in-impact-investing-competition#.Vz9voChNzIU|website=[[London Business School]]|accessdate=20 May 2016|language=en-GB}}</ref> The programme takes place annually and has historically included US graduate schools. Social enterprises represented by the winning team are ultimately awarded a seed investment.<ref>{{cite web|last1=Wharton Social Impact Initiative|title=MIINT Competition Brings 10 Business Schools to Compete for $50,000 Opportunity|url=https://socialimpact.wharton.upenn.edu/general-news/top-business-schools-compete-miint-competition/|publisher=[[Wharton School of the University of Pennsylvania]]|accessdate=18 November 2015}}</ref><ref>{{cite news|last1=Davidson|first1=Alex|title=How Startups Can Win Cash on Campus|url=http://www.wsj.com/articles/how-startups-can-win-cash-on-campus-1414965265|accessdate=7 January 2016|agency=[[Wall Street Journal]]|date=November 3, 2014}}</ref><ref>{{cite web|title=MBAs will turn brownfields into green—if investors help them out|url=http://qz.com/198042/mbas-will-turn-brownfields-into-green-if-investors-help-them-out/|website=[[Quartz (publication)|Quartz]]|accessdate=20 May 2016}}</ref>
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).<ref>{{cite web|title=LBS MBA team wins £17,435 in Impact Investing Competition|url=https://www.london.edu/news-and-events/news/lbs-mba-team-wins-gbp-17435-in-impact-investing-competition#.Vz9voChNzIU|website=[[London Business School]]|accessdate=20 May 2016|language=en-GB}}</ref> The programme takes place annually and has historically included US graduate schools.<ref>{{cite web|last1=Macfarlane|first1=Alec|title=Bridges Ventures moves into US|url=http://www.efinancialnews.com/story/2015-01-26/bridges-ventures-moves-into-america-with-new-fund|website=[[Financial News]]|accessdate=27 June 2016|date=26 January 2015}}</ref> Social enterprises represented by the winning team are ultimately awarded a seed investment.<ref>{{cite web|last1=Wharton Social Impact Initiative|title=MIINT Competition Brings 10 Business Schools to Compete for $50,000 Opportunity|url=https://socialimpact.wharton.upenn.edu/general-news/top-business-schools-compete-miint-competition/|publisher=[[Wharton School of the University of Pennsylvania]]|accessdate=18 November 2015}}</ref><ref>{{cite news|last1=Davidson|first1=Alex|title=How Startups Can Win Cash on Campus|url=http://www.wsj.com/articles/how-startups-can-win-cash-on-campus-1414965265|accessdate=7 January 2016|agency=[[Wall Street Journal]]|date=November 3, 2014}}</ref><ref>{{cite web|title=MBAs will turn brownfields into green—if investors help them out|url=http://qz.com/198042/mbas-will-turn-brownfields-into-green-if-investors-help-them-out/|website=[[Quartz (publication)|Quartz]]|accessdate=20 May 2016}}</ref>


The Bridges Charitable Trust operates as the firm’s philanthropic arm, making strategic grants in areas where investable solutions are not available. It is funded by the Bridges team, who donate the equivalent of 10% of their profits from the firm’s other funds.<ref>{{cite web|last1=Pritchard|first1=Becky|title=Bridges ventures into the community|url=http://www.efinancialnews.com/story/2014-03-13/fn100-profile-michele-giddens-bridges-ventures|website=[[Financial News]]|accessdate=20 May 2016|date=13 March 2014}}</ref>
The Bridges Charitable Trust operates as the firm’s philanthropic arm, making strategic grants in areas where investable solutions are not available. It is funded by the Bridges team, who donate the equivalent of 10% of their profits from the firm’s other funds.<ref>{{cite web|last1=Pritchard|first1=Becky|title=Bridges ventures into the community|url=http://www.efinancialnews.com/story/2014-03-13/fn100-profile-michele-giddens-bridges-ventures|website=[[Financial News]]|accessdate=20 May 2016|date=13 March 2014}}</ref>

Revision as of 23:07, 27 June 2016

Bridges Ventures
IndustryFinancial industry
Founded2002
FounderMichele Giddens, Philip Newborough and Sir Ronald Cohen
Headquarters
London
,
UK
Websitebridgesventures.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 that work to address long-term societal challenges, with a focus on four impact themes: health and well-being,[1][2] education[3] and skills,[4] sustainable living and under-served markets.[5][6][7]

Bridges has almost £600m in funds under management across its Sustainable Growth, Property and Social Sector Funds. It is part-owned by the Bridges Charitable Trust.[8]

History

Bridges was founded in 2002 by Michele Giddens,[9] Philip Newborough and Sir Ronald Cohen.[10][11]

Originally called Bridges Community Ventures, Bridges was founded following the recommendations of the Social Investment Task Force,[12] which was established by the UK government in 2000.[13]

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.[14]

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).[15] The programme takes place annually and has historically included US graduate schools.[16] Social enterprises represented by the winning team are ultimately awarded a seed investment.[17][18][19]

The Bridges Charitable Trust operates as the firm’s philanthropic arm, making strategic grants in areas where investable solutions are not available. It is funded by the Bridges team, who donate the equivalent of 10% of their profits from the firm’s other funds.[20]

Recognition

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. ^ Cathy Clark, Jed Emerson, Ben Thornley. The Impact Investor: Lessons in Leadership and Strategy for Collaborative Capitalism. Jossey-Bass. Retrieved 3 November 2015.{{cite book}}: CS1 maint: multiple names: authors list (link)
  9. ^ Mathiason, Nick (14 November 2009). "Venturing into new territory - capitalism with a conscience". The Guardian. Retrieved 20 May 2016.
  10. ^ "The Future of Investment: Impact Investing" (PDF). UKSIF. Retrieved 18 November 2015.
  11. ^ Levitt, Tom (28 Sep 2012). Partners for Good: Business, Government and the Third Sector. Gower Publishing, Ltd. pp. 29–30. ISBN 9781409459422.
  12. ^ Quinn, James. "Pret man passionate about food - and hotels". The Daily Telegraph. Retrieved 3 November 2015.
  13. ^ Balch, Oliver (16 September 2014). "New UK study looks to turbo-charge social impact investment". The Guardian.
  14. ^ Henley, Will (8 January 2013). "Private equity firms increasingly investing in social impact". The Guardian. Retrieved 20 May 2016.
  15. ^ "LBS MBA team wins £17,435 in Impact Investing Competition". London Business School. Retrieved 20 May 2016.
  16. ^ Macfarlane, Alec (26 January 2015). "Bridges Ventures moves into US". Financial News. Retrieved 27 June 2016.
  17. ^ 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.
  18. ^ Davidson, Alex (November 3, 2014). "How Startups Can Win Cash on Campus". Wall Street Journal. Retrieved 7 January 2016.
  19. ^ "MBAs will turn brownfields into green—if investors help them out". Quartz. Retrieved 20 May 2016.
  20. ^ Pritchard, Becky (13 March 2014). "Bridges ventures into the community". Financial News. Retrieved 20 May 2016.
  21. ^ "Bridges Ventures wins Award for Excellence at the 2012 FT/IFC Sustainable Finance Awards". Financial Times. Retrieved 20 May 2016.

Category:private equity Category:Investment Category:Funds Category:Social finance Category:social responsibility Category:Social entrepreneurship

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