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Bridges Property Alternatives Fund III
United Kingdom
Last updated 12 May 2020, by Impactyield.
Fund geography
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.
Asset class
Fund status
Fund style
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.
10 years
of track record
2014
the year funded
200,000,000 GBP
AUM
Interested in this fund?
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Gain a deeper and comprehensive understanding of how this fund generates positive impact in the themes and SDGs that matter to you, with insights provided by our dedicated team of expert analysts, and receive notifications about new available impact products, exciting investment opportunities, and relevant updates in the world of impact investing.
Asset manager
Bridges Ventures
Headquarters location: United Kingdom
Other funds managed by this asset manager: Bridges Ventures Fund III LPBridges Ventures U.S. Sustainable Growth Fund
Impact Category
Key performance indicators
Fund overview
Asset manager: Bridges Ventures
Product track record: Fund has 10 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: United Kingdom
Product status: Closed - still investing
Style/Stage: Core
Inception year: 2014
Vintage year: 2014
Target region: Developed countries, More developed regions
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: GBP (Pound Sterling)
Currency for fund / product figures: GBP (Pound Sterling)
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.
Contact
E-mail: n.a.
Website: http://www.bridgesventures.com/bridges-property-alternatives/
Phone number: 2037808000.00
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Marina Aung
Marketing
Simon Ringer
Partner and Head of Property Funds
Impact Performance
n.a.
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
n.a.