This report shows public data only. Is this your organisation? If so, login here to view your full report.

Bridges Fund Management

PRI reporting framework 2020

You are in Organisational Overview » Basic information

Basic information

OO 01. Signatory category and services

01.1. Select the services and funds you offer

Select the services and funds you offer
% of asset under management (AUM) in ranges
Fund management
Fund of funds, manager of managers, sub-advised products
Other

Please specify

          Bridges is a fund manager specialised in sustainable and impact investing. In addition, Bridges Insights our field-building arm supports the growth of the market
        
Total 100%

Further options (may be selected in addition to the above)

01.2. Additional information. [Optional]

At Bridges, we are driven by a clear conviction: that investing in the transition to a more inclusive and sustainable economy is a unique opportunity to create both positive change and lasting economic value.

We are a thematic investor. We focus on four impact goals or themes that we believe are central to this transition: Healthier Lives, Future Skills, Stronger Communities and Sustainable Planet. Within each of these themes (which are closely aligned with the Sustainable Development Goals) we identify investable solutions, based on careful analysis of the macro trends that are shaping our future. Our aim is to deliver attractive returns for our investors through investments that also generate better social and environmental outcomes. Launched in 2002 as a single-strategy fund, Bridges has since grown to become a multi-strategy platform of funds:

  • The Bridges Sustainable Growth Funds invest in growth companies that are helping to create a more inclusive and sustainable future. It’s our conviction that these are the businesses best-placed to succeed over time. By helping them to achieve their potential, we can deliver attractive financial returns alongside measurable societal impact.
  • Bridges Evergreen Holdings is our specialist long-term capital vehicle. It is a flexible long-term investment partner for mission-driven businesses and social sector organisations looking to scale over time. Our financial, strategic and operational support helps them to grow faster and deliver greater impact.
  • The Bridges Property Alternatives Funds invest opportunistically in growth locations and needs-driven sectors. We use a unique origination approach and hands-on asset management to generate attractive financial returns to investors alongside measurable societal impact.
  • Social outcomes contracts help Government achieve better life outcomes for vulnerable people and better value for the public purse. These contracts enable Government to commission vital services from expert social sector providers – and only pay for successful outcomes delivered. Bridges provides the working capital and project management support necessary to ensure the contract succeeds.

We have helped to build a new category of investing, raised over £1bn of third-party capital, and accumulated nearly 20 years experience of scaling impactful investments. We have specialist investment teams for each of our strategies which are dedicated to finding opportunities in one of our four impact themes:

  • Healthier Lives - Investing in solutions that improve physical and mental health and well-being. Within our Healthier Lives theme, our funds have invested in a range of solutions, from prevention through to treatment: building high-quality sustainable care homes for the elderly; helping people with long-term conditions manage their health more effectively; pioneering ‘hospital at home’ services to reduce the pressures on A&E departments; using community pharmacies to improve health outcomes in underserved areas and broadening access to affordable health and fitness facilities.
  • Future Skills -  Investing in solutions that boost skills and productivity, and strengthen pathways to employment. How do we create a workforce that is better equipped to respond to the ever-changing demands of the world of work? Our Future Skills goal has seen us invest in re-engaging disaffected young people with education, in encouraging more school leavers into vocational training and in up-skilling current workers via further qualifications.
  • Sustainable Planet -  Investing in the transition to a lower-carbon economy. Most Western countries need to take drastic action in order to meet their carbon emissions reduction targets. Across our funds, our Sustainable Planet investments are helping to accelerate this transition by diverting waste from landfill, promoting a more sustainable approach to food and farming, refurbishing buildings to make them more energy-efficient, promoting more efficient use of natural resources
  • Stronger Communities -  Investing in solutions that increase access to opportunities and services. Since 2002, our Stronger Communities focus has led us to invest in businesses, property developments and social sector organisations that are seeking to create jobs, broaden opportunity and provide higher-quality, more accessible services in less affluent areas – – such as healthcare, low-cost fitness, vet care, quality space for SMEs, lower-cost and affordable housing.

We are also committed to maximising the impact of our funds and to growing the wider industry in which we operate. We therefore established the Bridges Impact Management Team (previously called Impact+) to equip our internal teams with best practice. Over the last few years, through The Impact Management Project, Bridges Insights, which is our not-for-profit field-building arm, continues to engage with a broad range of leading organisations, across the impact investing value chain to drive the development of a global consensus on how standards for how impact should be measured and managed.


OO 02. Headquarters and operational countries

02.1. Select the location of your organisation’s headquarters.

United Kingdom

02.2. Indicate the number of countries in which you have offices (including your headquarters).

02.3. Indicate the approximate number of staff in your organisation in full-time equivalents (FTE).

60 FTE

02.4. Additional information. [Optional]


OO 03. Subsidiaries that are separate PRI signatories

03.1. Indicate whether you have subsidiaries within your organisation that are also PRI signatories in their own right.

03.3. Additional information. [Optional]


OO 04. Reporting year and AUM

04.1. Indicate the year end date for your reporting year.

31/03/2020

04.2. Indicate your total AUM at the end of your reporting year.

Include the AUM of subsidiaries, but exclude advisory/execution only assets, and exclude the assets of your PRI signatory subsidiaries that you have chosen not to report on in OO 03.2
Total AUM
trillions billions millions thousands hundreds
Currency
Assets in USD
trillions billions millions thousands hundreds

04.4. Indicate the assets which are subject to an execution and/or advisory approach. Provide this figure based on the end of your reporting year

04.5. Additional information. [Optional]

Please note that the AUM above is as at Dec 2019, which are our latest reliable figures. March 2020 (year-end) totals will not be available until late May 2020.


OO 06. How would you like to disclose your asset class mix

06.1. Select how you would like to disclose your asset class mix.

Internally managed (%)
Externally managed (%)

 

Listed equity 0 0 0 0
Fixed income 0 0 0 0
Private equity 10-50% 32 0 0
Property >50% 54 0 0
Infrastructure 0 0 0 0
Commodities 0 0 0 0
Hedge funds 0 0 0 0
Fund of hedge funds 0 0 0 0
Forestry 0 0 0 0
Farmland 0 0 0 0
Inclusive finance 0 0 0 0
Cash 0 0 0 0
Money market instruments 0 0 0 0
Other (1), specify 10-50% 14 0 0
Other (2), specify 0 0 0 0

`Other (1)` specified

          Bridges Social Sector Funds provide quasi-equity, social outcome contracts and other innovative financial products to charities and social enterprises delivering high social impact.
        

06.2. Publish asset class mix as per attached image [Optional].

06.3. Indicate whether your organisation has any off-balance sheet assets [Optional].

06.5. Indicate whether your organisation uses fiduciary managers.

06.6. Provide contextual information on your AUM asset class split. [Optional]


OO 07. Fixed income AUM breakdown (Not Applicable)


OO 08. Segregated mandates or pooled funds (Not Applicable)


OO 09. Breakdown of AUM by market

09.1. Indicate the breakdown of your organisation’s AUM by market.

100 Developed Markets
0 Emerging Markets
0 Frontier Markets
0 Other Markets
Total 100% 100%

09.2. Additional information. [Optional]


Top