CDVCA member fund Bridges Ventures has released a few short films of four of their portfolio companies: The Gym Group (Sustainable Growth Fund II) WholeBake (Sustainable Growth Fund III) Edmund Street (Bridges Sustainable Property Fund) The Old Vinyl Factory (Bridges Property Alternatives Fund III) https://www.youtube.com/watch?v=nZ2LGwNsHKg https://www.youtube.com/watch?v=aRkRXMMf6uY https://www.youtube.com/watch?v=L00Oi5HvGA4 https://www.youtube.com/watch?v=oEJLDOwo9iI
Cambridge Associates, a global investment firm, in partnership with the Global Impact Investing Network, introduced a report containing findings from the first comprehensive analysis of the financial performance of market rate private equity and venture capital impact investing funds. Despite a perception that impact investing means concessionary returns, the Impact Investing Benchmark has exhibited strong performance of impact investment funds over time. View the report here.
The Ewing Marion Kauffman Foundation shared a finding that a main source of equity financing for new firms is VCs. The finding reports that venture-backed companies have faster employee growth, greater sales, and faster sales growth. These companies also professionalize earlier, have an increased likelihood of an Initial Public Offering (IPO), and have greater post-IPO survival rates. Read more.
Bridges Ventures, which manages several community development venture capital funds that are members of CDVCA, has closed on a real estate investment fund, Bridges Property Alternatives Fund III, with equity commitments of £212m – ahead of its original £200m target. The fund will focus on investments in low-income communities in the UK. This is the largest fund the firm has raised for any investment strategy to date. The Fund invests in direct property and property-backed businesses, focusing on regeneration areas, buildings showing environmental leadership, and niche sectors being affected by changing demographics and consumer needs – including healthcare, education, SME business space and affordable residential accommodation. Since its first close on more than £120m of equity commitments in April 2014, the Fund has successfully completed six deals in less than a year. Following these deals, about 40% of the Fund's capital has already been invested and committed. Read more.
SJF Ventures has announced its investment in California-based Raise.me, a company that empowers students to earn “micro-scholarships” throughout high school for their individual achievements. For higher-education professionals in admissions, financial aid or enrollment, Raise.me is a new way to get the word out about their schools and scholarships. It also allows them to connect with and attract a more diverse range of prospective students, including from populations that are underrepresented on their campuses. Read more.