Patient capital for businesses with a social mission at their core
Social and other mission-led businesses have a vital role to play in tackling some of the big challenges we face as a society. But they often find it difficult to access the long-term funding and support they need to scale.
Through Bridges Evergreen Holdings, we provide patient capital and operational support to these businesses. We look to invest in ambitious, profitable organisations that have a strong social purpose, a clear competitive advantage and high growth potential – whether they’re profit-with-purpose companies, public sector spin-outs, social sector organisations or employee-owned businesses.
We want to act as a long-term partner for these organisations, providing the financial, strategic and operational support they need to grow faster and deliver greater impact.
The investment came at a critical time for CASA and enabled us to achieve a step-change in our growth… Bridges has provided hands-on support as we looked to restructure the business and strengthen our management controls and reporting. As a result, we now have the organisational capacity to take on more Government contracts.Dr Guy Turnbull, managing director of CASA
What we offer
- A permanent source of capital for mission-driven businesses
- Up to £10m to invest (equity or debt; minority or majority)
- Strategic and operational support from an experienced team
- Proven track record with a variety of high-growth, high-impact models
- Expertise in impact measurement, reporting and communications
London Early Years Foundation (LEYF)
LEYF is a charitable social enterprise that provides early years education through nurseries in London.
Its mission is to build a better future for London’s children, families and local communities through a commitment to excellence in early years education, training and research. LEYF operates in some of the most disadvantaged areas in London, where there is typically an under-supply of high quality nurseries. It operates an innovative ‘balanced portfolio’ business model which enables it to provide a consistently high quality of nursery education in all the areas in which it operates.
Care And Share Associates (CASA)
CASA is an employee-owned social enterprise that provides high-quality domiciliary care and complex health and social care to the elderly, disabled and vulnerable.
The Bridges Social Entrepreneurs Fund backed CASA in 2011, investing £400,000 via an innovative form of quasi-equity (whereby the investor gets repaid if the borrower meets various growth and impact targets). When Bridges invested in CASA, it provided about 4,500 hours of care a week; four years on, they were providing over 16,000 hours of care a week – a rise of almost 250%. This growth enabled it to raise a second round of social investment, repaying Bridges’ investment.
Latest News & Views
Bridges Fund Management (“Bridges”) has raised £155m of capital to invest in impactful growth businesses…Read full article 11th March 2019
This is the second fundraise for Bridges Evergreen Holdings (“Evergreen”), Bridges’ pioneering permanent capital vehicle…Read full article 11th July 2018
IP&E Real Estate looks at the growth of institutional investment in the private rented sector…Read full article 22nd February 2018