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,
Samurai bonds are yen-denominated bonds listed by foreign issuers for the Japanese market. Groupe BPCE, France’s second largest retail bank, structured the ¥58.1 billion ($518 million) bond like a traditional or green bond, targeting the proceeds to refinance loans made in education, healthcare and social sectors in France by its Banque Populaire and Caisses d’Epargne operations.
The U.K. company takes a “more than medicine” approach to health. It launched last year with a solution to refer high-risk chronic disease patients to community health providers and social care professionals. Most chronic diseases, like obesity, diabetes and heart disease, are closely linked to lifestyles. Combatting them is putting a growing strain on government and
Europe’s “Horizon 2020” program has allocated the funds to 128 projects in transport, information technology, climate change, and clean energy. Not all are social-impact focused, but those that are include: mobile healthcare for the critically ill; vegan leather; a European web browser for the E.U.’s strict privacy and security policies; and several senior-care/independent living projects, as
The Arctic vault, which houses almost a million seeds for food crops, is a “food security” investment for the world. The nine-year-old vault is buried 130 meters inside a mountain and was built to withstand man-made and natural disasters. But unusually warm temperatures this winter sent meltwater flooding into the vault. The seeds weren’t damaged but the
The U.K.-based financial institution invested £2.5 million ($3.2 million) on top of the £12 million it earlier put into Charity Bank, a lender dedicated to charities and social enterprises. That brings Big Society’s ownership share up to 60.5 percent. Charity Bank offers loans of £50,000 to £2.5 million. It has lent £140 million since 2002 and
An “Affordable Housing Bond” from Dutch public bank Nederlandse Waterschapbank is the second €1 billion-plus (+$1.1 billion) social housing bond to launch in the past year (paywall). Dutch cities, like many urban hubs worldwide, are grappling with a shortage of affordable housing; there is reportedly a 10-year wait for rent-controlled homes in Amsterdam. Nederlandse Waterschapbank’s