Bridges Property Alternatives Fund III

United Kingdom

Last updated 12 May 2020, by Impactyield.

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The Bridges Property Alternatives Fund III makes sustainable investments in property and property backed operating businesses in the areas of healthcare, education, and small and medium enterprises that lower healthcare costs and create jobs whose products cater to underserved consumer groups in Europe.

Bridges Ventures specialises in using sustainability and wider impact as a lens to identify investment opportunities, where an investment’s potential to create value for society also drives financial value, such as meeting demand for specialist properties, unlocking the potential of emerging locations and improving the energy footprints of buildings to increase their attraction to occupiers and to future-proof value for investors.

The Fund’s competitive advantage is driven by the team’s deep real estate expertise, combining a focus on off-market deals in strategic locations, and an understanding of how to drive value through physical, environmental and operational improvements.

Expert knowledge of demographic and lifestyle changes has allowed the Fund to identify and invest in emerging locations and growth sectors such as healthcare, education, SME workspace and hospitality, often before the mainstream market offering investors a new opportunity to benefit from market leading financial returns whilst creating lasting societal and environmental impact.

Financial description

With proven expertise in the SME space, we believe SMEs are important engines of growth. These businesses often sit below the radar of mid-market investors and therefore face a limited supply of capital. We believe these drivers combine to create strong opportunities for investment and limited competition
We have developed a thematic focus on sectors where a pressing social or environmental need creates strong pockets of growth and the potential for robust returns and positive impacts.
We have attracted a high-calibre team, Board and Advisory Board who are motivated to use their operational and financial expertise to deliver superior returns for investors and society-at-large.
Demonstrated by our track record, our distinctive Responsible Investing+ approach of selecting businesses because of their potential impact and then engaging with them to drive both value and impact should prove attractive to private equity investors.

9 years

of track record


the year funded

200,000,000 GBP


Asset manager

SDG goals

SDG targets

Full employment and decent work with equal pay

Key performance indicators

Fund overview

Asset manager: Bridges Ventures

Product track record: Fund has 9 years of track record

Target IRR: 17%

Committed Capital: 212,000,000 GBP (Pound Sterling)

Target return category: Risk-adjusted market-rate of return

Fund domicile:

Product status:


Inception year: 2014

Vintage year: 2014

Target region: ,

Target close date: 01/02/2014

Product term: n.a.

Assets under management: 200,000,000 GBP (Pound Sterling)

Investment size: Min: 0; Max: 0; Avg: 0

Co-investment policy:

Currency of investments:

Currency for fund / product figures:

Fund investments to date: 5

Fund investments to date exited or repaid: 0

Management fee: n.a.

Carried interest: n.a.

Hurdle rate: n.a.

GIIN Investors' Council Investment: No

Limited Partners / Investors: n.a.

Limited Partner / Investor Type: n.a.


E-mail: n.a.


Phone number: 2037808000.00

If you wish to have your details removed from this database please email

Marina Aung


Simon Ringer

Partner and Head of Property Funds

Impact Performance


Impact thesis

We take a Thematic approach, focusing on investments that create impact in one of 4 key ‘outcome’ areas: Environment, Underserved Areas, Health & Well-being and Education & Skills. Within each theme, we look for investments that are going to ‘move the needle’ on our target outcomes. We have found that companies which do this also have a significant pocket of growth to exploit. For example, in Education and Health, we are particularly focused on business models that improve product quality or lower product cost for the population at-large. In Underserved Areas, we are interested not only in businesses that will create jobs and economic growth where it is most needed, but also in businesses whose products cater to underserved consumer groups. During due diligence, we analyse the thematic outcome of the business and the target beneficiary group, whether the investment will create impact (additionality, relative to what would have happened otherwise) and whether the impact and financial viability of the investment will go hand-in-hand.

Impact Management


Financial benchmark

Term Description:


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