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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 |