3i invests £5m in Bridges Ventures Fund III
3i, an international investor focused on Private Equity, Infrastructureand Debt Management, today announces that it has invested £5m at first close into Bridges Ventures’ sustainable growth fund, Bridges Ventures Fund III. 3i has committed a further £5m subject to the overall fund size achieved at final close.
Today’s commitment follows investments by 3i in Bridges’ previous 2 funds. These funds have invested over £75m in 34 companies which focus on achieving significant social impact in underserved areas in Education & Skills, in Environment and in Health & Well-being.
Patrick Dunne, 3i Group Communications Director, commented: “We are delighted to be investing in another Bridges fund. Bridges Ventures has a proven model which they have successfully scaled. It is also especially pertinent at a time like this to be investing in something which not only delivers good financial returns but also achieves such significant social impacts.”
For further information please contact:
Kathryn van der Kroft
tel. +44 207 975 3021