Morgan Stanley Capital Partners acquires Impact Fitness from Bain Capital and Bridges

ImpactAlpha, June 12 – Impact Fitness, the first investment of the Bain Capital Double Impact Fund, is now the $390 million fund’s first exit. Morgan Stanley Capital Partners acquired the stakes of Bain and Bridges Bridges Fund Management, marking the first exit as well for Bridges’ U.S. Sustainable Growth Fund. Impact Fitness, a franchisee of Planet

Investors managing $2 billion call for smart subsidy to scale mini-grids

ImpactAlpha, June 11 – Rural electricity has often required subsidy. The self-sufficient electricity grids known as mini-grids are no different, say a dozen impact investors with $2 billion under management. Investors including Acumen, Blue Haven Initiative, and Ceniarth, as well as Engie Powercorner, Responsability and KawiSafi Ventures are calling on donors and governments to provide results-based financing to subsidize rural connections that could