Details
Investment of Bridge International Academies
Investor in Bill & Melinda Gates Foundation
Start Date 2018-00-00
Goods Bridge International Academies Investors GI-ESCR brief – March 2018 The Global Initiative for Economic, Social and Cultural Rights (GI-ESCR) works to improve and promote transparency and accountability in the delivery of education in the context of the fast growth of private actors’ involvement. As part of this work, GI-ESCR researches, monitors, and publicly shares information about the development and impact of commercial private schools, including Bridge International Academies (BIA or Bridge), as one of the largest and most debated chain of commercial pre-primary and primary schools. Following the increasing scrutiny and criticism against the operations of Bridge International Academies (BIA), this brief summarizes the known investors BIA, including the nature of their investment, based on publicly available information. INVESTOR TYPE OF INVESTMENT PUBLIC/PRIVATE SOURCE 1 AXA Investment Managers Indirect investment through Novastar Ventures East Africa Fund Private http://bit.ly/2ozLphd 2 Bill Gates Investments / Gates Foundation Equity investment Private http://bit.ly/2aBsLBv http://on.wsj.com/2nAnnVD 3 CDC Group (formerly Commonwealth Development Corporation / Department for International Development (DFID) -Grant from DFID -CDC indirect investment through Novastar Ventures East Africa Fund Public http://bit.ly/2aBsLBv http://bit.ly/2ozLphd 4 European Investment Bank(EIB) Indirect investment through Novastar Ventures East Africa Fund Public http://bit.ly/2ozLphd 5 FMO – Entrepreneurial Development Bank Indirect investment through Novastar Ventures East Africa Fund Public http://bit.ly/2ozLphd 6 Hivos-Triodos Fund Indirect investment through Novastar Ventures East Africa Fund Private http://bit.ly/2ozLphd 7 International Finance Corporation (IFC) / World Bank Equity investment Public http://bit.ly/2aBsLBv http://bit.ly/2FcpJC4 8 JPMorgan Chase Social Finance Indirect investment through Novastar Ventures East Africa Fund Private http://bit.ly/2ozLphd 9 Khosla Ventures Equity investment Private http://bit.ly/2aBsLBv http://bit.ly/2fik6Vu 10 LearnCapital Equity investment Private http://bit.ly/2aBsLBv http://on.wsj.com/2nAnnVD 11 LGT Venture Philanthropy Equity investment Private http://bit.ly/2aBsLBv http://bit.ly/2F2Ccow 13 NEA- New Enterprise Associates Equity Investment Private http://bit.ly/2aBsLBv http://bit.ly/2FF6Mpa 14 NORFUND Indirect investment through Novastar Ventures East Africa Fund Public http://bit.ly/2ozLphd 15 Novastar Ventures Equity investment Private http://bit.ly/2aBsLBv 16 Omidyar Network Equity investment Private http://bit.ly/2aBsLBv 17 Overseas Private Investment Corporation (OPIC) Ten-year, $10 million loan Public http://bit.ly/2oE4lez 18 PanAfrican Investement Co., LLC Equity investment Private http://bit.ly/2aBsLBv 18 Pearson Equity investment Private http://nyti.ms/2sUjZpm http://on.wsj.com/2nAnnVD 20 Pershing Square Foundation Unknown Private http://bit.ly/2aBsLBv 21 PROPARCO Indirect investment through Novastar Ventures East Africa Fund Public http://bit.ly/2ozLphd 22 RethinkEducation Equity investment Private http://bit.ly/2aBsLBv 23 Vitol Foundation Equity investment Private http://bit.ly/2ibpuI5 24 Zuckerberg Education Ventures Part of Chan Zuckerberg Initiative $10 million investment Private http://bit.ly/2aBsLBv http://on.wsj.com/2nAnnVD