Read the latest campus information on coronavirus (COVID-19) here  

Bridges Fund Management: Navigating Changes in the Political Economy

by Jennifer Walske and Laura D'Andrea Tyson


This case focuses on Bridges Fund Management (Bridges), an early leader in the impact investing space, with offices located in both the U.K. and the U.S. Bridges has been in operation for fifteen years and has raised, through early 2017, over $1billion in capital across its 12 funds. While the firm was originally founded by two members the U.K.'s Social Investment Task Force (SITF), Sir Ronald Cohen (now Advisory Board Chair) and Michele Giddens (now one of Bridges most senior partners), the firm now has seventeen partners located either in its U.K. or U.S. offices. Bridges' third co-founder, Philip Newborough, serves as Bridges' overall Managing Partner. The case asks: how might the changing political environment in both the U.S. and U.K. in early 2017 impact Bridges in its ability to raise future funds and in the level of support (financial or otherwise) available to its investments, also known as portfolio companies? Bridges addresses social issues by investing in companies that provide both a financial return and social impact. For example, Bridges improves unemployment through investments in the Babington Group which provides job training to youth; improves healthcare and well-being by investments in Alina and Home Care which serve aging populations; and improves access to housing through its property funds with investments in the Old Vinyl Factory in the U.K. and the Spoke housing complex in the U.S.


Details

Pub Date: Jun 30, 2017

Discipline: Finance

Subjects: Portfolio management, Government policy, Politics, Social issues, Private equity

Product #: B5890-PDF-ENG

Industry: Finance & insurance

Geography: United States, United Kingdom

Length: 26 page(s)


Berkeley Haas Case Series
Berkeley Haas Case Series The Berkeley Haas Case Series is a collection of business case studies written by faculty members at the Haas School of Business. Cases are conceived, developed, written, and published throughout the year, on subjects ranging from entrepreneurship and strategy to finance and marketing. Each case includes a teaching note for use in the classroom.

Recommended

Berkeley Haas Case Series

A new collection of business case studies from Berkeley Haas

The aim of the Berkeley Haas Case Series is to incite business innovation by clarifying disruptive trends and questioning the status quo.

Learn more
Follow Us