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Bridges Fund Management closes £220 million fund



Bridges Fund Management has closed a new £220 million fund.

The U.K.-based impact investor’s fourth property fund is its largest to date, following its £212 million third fund that it closed in 2015.

(The third fund raised close to $320 million at the time; $274 million at today’s exchange rate.)

The fourth fund has four investments lined up, including a 500-unit affordable housing development and an old industrial site that will be rehabilitated.

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