Osborne Clarke advises Bridges Fund Management on its sixth property fund

International legal practice Osborne Clarke has advised longstanding client Bridges Fund Management (Bridges), the specialist sustainable and impact investor, on the formation of its sixth property alternatives fund, Bridges Property Alternatives Fund VI (Fund VI).

Fund VI was closed with total commitments of over £440 million, including co-investments, significantly exceeding its £400 million target and making it more than 25% larger than its predecessor fund. The fund attracted strong demand from a diverse group of institutional investors in the UK and internationally, including pension funds, insurers, and family offices such as Fidelity International, Border to Coast Pensions Partnerships and the Environment Agency Pension Fund.

Fund VI will continue Bridges' strategy of investing in sectors across the UK and Europe, with a focus on housing, healthcare, and industrial/ logistics. Fund VI is classified as an Article 9 Fund under the Sustainable Finance Disclosure Regulation (SFDR), reflecting its core sustainable investment objective.

"This successful close of Bridges' largest property fund to date is a testament to its market-leading track record and the growing conviction among institutional investors that a deep focus on sustainability and social impact is integral to long-term value creation in real estate. Bridges continues to pioneer a transformative approach to the sector, and we are proud to support its mission."

Tim Simmonds, Partner, Osborne Clarke

"We value our longstanding relationship with the funds team at Osborne Clarke, led by Tim Simmonds, with close support from Oliver Darvill and Eric Edwin, who have an in-depth understanding of the commercial drivers for Bridges and our investors. Their efficient and commercially-minded approach helped us drive this process forward, and we were delighted to have them advising us on another successful fundraise."

Maggie Loo, Partner, Client and Strategy Development, at Bridges 

The Osborne Clarke team was led by Partner and Osborne Clarke Chief Operating Officer Tim Simmonds, who was assisted by Associate Director Oliver Darvill and Senior Associate Eric Edwin, with tax advice from Partner Tracey Wright and banking advice from Partner Roisin Marsh.

Osborne Clarke is a recognised industry leader in real estate providing a comprehensive lifecycle service and advising major real estate industry organisations, ranging from developers and investors to property funds and corporate occupiers.