Bridges Fund Management raises £105m

The London-based investment company has closed its latest growth fund.

Bridges Fund Management has closed Bridges Sustainable Growth Fund IV (SCF IV) at £105 million – including £80 million of equity commitments and £25 million in separate accounts with UK pension funds.

The fund acquires majority stakes in growth businesses aimed at tackling environmental and social challenges.

Clwyd Pension Fund is known to have committed to SCF IV.