Social Impact
Eiffel collects €80m from EIB for impact fund
Targeting a €400m final close, Eiffel Essentiel will have a lifespan of around 15 years
Bridges acquires low-cost gym franchiser Énergie Fitness
GP has previously invested in the sector by backing Viva Gym Group, Impact Fitness and The Gym Group
Palatine impact fund backs Veincentre
Clinic operator focusing on varicose vein treatments will open new sites in Glasgow and Leeds
Bridges holds £35m final close for Social Outcomes Fund II
Vehicle had an initial hard-cap of £30m, which was raised due to LP appetite and a strong pipeline
Impact investing gains traction in Spain
Despite representing a very young niche within the country's PE landscape, impact investment is picking up steam and attracting local LPs
Impact investment demand outstripping supply – research
LP demand is high but met with a lack of high-quality offerings, according to a Rede survey
Balderton, Northzone co-lead £15m round for Wagestream
Wagestream has raised a total of £40m in the latest round, including a £25m credit facility
EQT, Summa, LGT sign up to UN's SDG Impact initiative
Development comes two months after EQT co-founder Ståhlberg left to launch an impact-dedicated firm
LeapFrog raises $700m Emerging Markets Fund III
Prudential Financial, Overseas Private Investment Corporation and IFC acted as lead investors
Bridges closes SGF IV on £80m
Impact-focused fund manager launched the buyout vehickle two and a half years ago
PG Impact Investments holds $210m final close
Firm is independent but has access to Partners Group’s infrastructure, expertise and resources
Weinberg CP launches impact fund
WCP Impact Dév expects to hold a first close in 2019 and will inject €5-20m in businesses
Video: EQT's Hanna Grahn talks ESG, impact investing
EQT senior sustainability specialist Hanna Grahn discusses the firm's approach to ESG and impact
Bridges hires Landers to advisory team
Landers will focus on advising family offices and high-net-worth clients on impact investing
Impact investing: making a splash
As high-profile GPs launch impact-dedicated funds, progress is being made in efforts to identify metrics by which to measure performance in the space
Bridges acquires Cucina, creates Impact Food Group
GP has merged the school meals provider with portfolio company Innovate Services
Bridges hits £50m mark for evergreen vehicle
Permanent capital vehicle was launched in December 2016, with initial commitments of £23m
Dutch finance minister hails mature PE market
Wopke Hoekstra recently addressed parliament to endorse a social impact study by the University of Amsterdam, which was supportive of the impact of PE
Partners Group launches impact fund
Move follows impact fund launches from global PE firms TPG, KKR and Bain Capital in recent months
Impact agenda: Attracting institutional capital
Global PE firms are launching impact funds tailored to appeal to institutional investors
Palatine invests in E-Days
Deal for the employee absence software developer is the second investment from the GP's impact fund
Palatine closes impact fund on £100m hard-cap
Vehicle is the GP's first impact investment fund and will write equity cheques of up to £10m
Palatine invests in Trade Skills 4U
Deal for the electrical training provider is the first investment from the GP's impact investment fund
Palatine collects £50m for impact investment fund
Social impact vehicle reached a final close at the end of 2016 and is aiming for a final close in H1