Bridges Fund Management: Navigating Changes in the Political Economy

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 $1 billion 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), Bridges now has seventeen partners located either in its U.K. or U.S. offices. Bridges’s third co-founder, Philip Newborough, serves as the firm’s overall Managing Partner.Bridges addresses social issues by investing in companies that provide both a financial return and social impact. For example, ...