Important information

This section of the website is for information only. It mentions funds that Bridges Fund Management Ltd (“Bridges”) manages. The provision of the information in this section of the website does not constitute an offer to sell or the solicitation of an offer to buy units or shares in the funds mentioned.

Funds managed by Bridges are not available to members of the general public. In relation to each member state of the European Economic Area (each a “Member State”) which has implemented the Alternative Investment Fund Managers Directive (Directive (2011/61/EU)) (the “AIFMD”), funds managed by Bridges may only be offered or placed in a Member State to the extent that: (1) the fund is permitted to be marketed to professional investors in the relevant Member State in accordance with AIFMD (as implemented into the local law/regulation of the relevant Member State); or (2) the fund may otherwise be lawfully offered or placed in that Member State (including at the initiative of the investor). The information presented in this section of the website is intended solely for professional investors (as defined by article 4(1)(ag) of the AIFMD) resident in the UK, Austria, Belgium, France, Germany, Ireland, Luxembourg, Netherlands, Norway and Sweden.

Bridges has taken all reasonable care to ensure that the facts stated in this section of the website are true and accurate in all material respects as at the time of writing. Persons accessing this section of the website must rely, however, on their own assessment of the information presented herein. No undertaking, representation, warranty or other assurance is given on the accuracy, completeness or fairness of the information contained in this section of the website.

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Bridges Social Impact Bond Fund

The Bridges Social Impact Bond Fund was the first, and remains the only, fund in the world dedicated to investing in Government-commissioned outcomes contracts.

We have now backed 15 contracts, helping over 30 mission-driven providers deliver better life outcomes to vulnerable people in areas like children’s services, education and homelessness.

A social impact bond is a structure that enables Bridges (and other social investors) to support a social sector organisation who wants to deliver an outcomes contract – by providing the working capital necessary to fund the programme, plus any additional management resource required to deliver the best possible outcomes for beneficiaries.

We believe this greater focus on outcomes can help Government understand what’s working and drive better results within key policy areas – because it gives service providers more freedom to innovate, as well as a strong incentive to over-deliver. And SIBs ensure that a broader range of providers are available to deliver these contracts.

The areas of added value to date [include] the continual engagement of SIB investors, beyond the initial investment […] the added layer of support from the Board, including the flexible use of funding to achieve defined outcomes; pragmatic decision-making and a rigorous information and reporting system, focused on outcomes.
OPM’s Evaluation of the Essex Multi-Systemic Therapy Social Impact Bond

Investors, Donors & Partners

  • Investors

    Big Society Capital

    Omidyar Network


    European Investment Fund

    Great Manchester Pension Fund

    Merseyside Pension Fund

    Deutsche Bank

    The Prince of Wales’s Charitable Foundation

    Trust for London

    The Highwood Foundation

  • Partners

    Freshfields Bruckhaus Deringer


    Osborne Clarke

Get in touch to find out more on how to invest for impact