In brief: Fund commitments for Bridges and Foresight impact vehicles

Two UK-based managers are pulling in capital for sustainable strategies.

Bridges Fund Management, the impact investing pioneer, has received a fund commitment from The States of Guernsey Supperannuation Fund for its sixth property fund, according to regulatory filings in the UK. Bridges Propety Alternatives Fund VI is understood to be seeking more than £500 million ($634 million; €583 million) and will invest in affordable housing, healthcare and sustainable logistics.

Foresight Group meanwhile has received backing from the Tyne and Wear Pension Fund and British Business Bank for its Foresight Regional Investment Fund IV (FRIF IV). Foresight’s “FRIF” series of funds make private equity investments into UK smaller companies in specific UK regions; Fund IV is specific to the North East and Yorkshire and also known as the Foresight North East Fund.