21. Bridges Fund Management

  • Bridges was founded in 2002 by Michele Giddens, Philip Newborough and Sir Ronald Cohen.
  • Bridges was founded following the recommendations of the Social Investment Task Force, which was established by the UK government in 2000.
  • Bridges won FT/IFC Sustainable Finance Award 2012 awarded by the Financial Times.

 

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About Bridges Fund Management

 

Bridges Fund Management Ltd. 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, education and skills, sustainable living and under-served markets.

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.

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). 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.

Bridges Fund Management Portfolio

 

Bridges Fund Management has made a total of 63 investments since its foundation in 2002. Their most recent investment was on February 21, 2018, when Innovate Services, who offer a complete service catering for primary & secondary schools with and without kitchen facilities, raised £8.5M in a venture funding round.

Bridges Fund Management has had a total of 11 exits. Bridges Fund Management’s most notable exits include Connectifier, a company that helps recruiters discover, qualify, and connect with exceptional job candidates at roughly twice the rate of other solutions, Unforgettable.org, a marketplace for dementia products and services, helping those with dementia do the things that we take for granted and Babington Group,  a national training and apprenticeships provider. Bridges Fund Management has also acquired 6 organisations. Their most recent acquisition was Energie Group on August 7, 2019.

 

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