 |
|
Bridges raises £33m
Bridges Community Ventures, an investor in the more deprived areas of the UK, has soaked up an initial £33 million of new money towards its second fund.
'Raising a second fund is a crucial test for any young private equity company,’ insists Philip Newborough, Bridges’ managing director. ‘The first close of our second fund shows that investors are attracted to our unique approach of investing in businesses in deprived areas to generate social as well as financial returns.’
Backers of the new fund include past supporters HSBC, Citigroup, Doughty Hanson & Co and the West Midlands Pension Fund as well as newcomers including Barclays Business Banking, the charitable trust SHINE and a variety of family trusts, foundations and individuals.
Comments [0] 
Related content
Related Articles |
Interesting links
Other Sector Watch
- Investment veteran airs fears over UK biotech Oct 21 2008
- Talking rubbish Jul 28 2008
- Crisis?– what crisis? Jul 01 2008
- Let the
drilling begin
May 13 2008 - Bargains on the high street
Mar 13 2008
M&A News
- Talbot Hughes McKillop’s Kroll MBO Nov 20 2008
- Cabinet member calls for more VC Nov 19 2008
- United Drug takes The Specials Lab medicine Nov 19 2008
- Public-to-private deals on the up Nov 18 2008
- RWE acquires Agrinergy stake Nov 18 2008
Special Offers
- 2008 AIM Guide: Jul 17 2007
- Growth Company Investor Magazine: Jul 17 2007
- Cash Shells 2007 - Research report Jul 17 2007
- Venture Capital Trusts Jul 04 2007
M&A Deals
- Amino Technologies to acquire Tilgin division Nov 20 2008
- Wincanton and Culina make chilled deal Nov 20 2008
- Devilfish makes Paramin Poker deal Nov 19 2008
- Arriva closes LNWR train maintenance deal Nov 19 2008
- UBM buys Xinhua PR Newswire Nov 18 2008
Business Diary
- M&A Expanding internationally 27th November
- Rosenblatt New Energy Awards 2009 25th February