Breakthrough makes sixth investment
Breakthrough, the social investment fund backed by London-based private equity firm Permira, has made its sixth investment, granting UK-based charity Speaking Up £175,00 (£220,000; $328,000) Speaking Up supports people with learning difficulties, disabilities and mental health problems.
Breakthrough, currently committing its second fund provides social enterprises with a combination of funds and business advice. SVG Capital has also invested in the second fund alongside Permira.
The latest investment will allow Speaking Up to develop its regional operations and recruit a new director for income. "After making the investment, Breakthrough forms an ongoing relationship with the recipient, in a similar way to private equity investor, with monthly reporting on various mile-stones," said Denise Holle, social investment director at Breakthrough.
The Social Investment Team |
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Richard Kennedy, Social Investment Manager |