Peter Englander is stepping down from his role as non-executive chairman of impact investment house Bridges Fund Management due to illness, with immediate effect.
“Peter has unfortunately been diagnosed with a serious illness that will make it impossible for him to continue in the role,” Bridges said in a statement to Responsible Investor.
Englander began his career at Air Products and then the Boston Consulting Group, before joining private equity firm Apax Partners in 1981 when its first UK fund was raised. He went on to represent Apax on the boards of over 20 portfolio companies including Asquith Court, Dr Solomon’s, Eyretel, QXL and Waterstone.
He was a founding director when Bridges launched in 2002, and stepped up to become chairman of the board in 2012. He personally provided seed capital to several Bridges funds, and has been a “constant source of wisdom, support, and insight” Bridges said.
Bridges will be appointing a new chair in due course.
Philip Newborough, CEO of Bridges Fund Management, said: “Peter has made an extraordinary contribution to Bridges over the last two decades. He played an instrumental role when we launched the business in 2002, providing both seed capital and invaluable advice as we raised our first fund.“He has continued to support our new funds ever since, both personally and through his role as chief executive of The Apax Foundation.
“He was particularly supportive of pioneering new investment vehicles that he thought could help build the broader market – notably the Bridges Social Entrepreneurs Fund and the Bridges Social Impact Bond Fund, which have done so much to develop their respective fields. His vision, strategic insight and capital have played a vital role in building not only Bridges, but also the broader social and impact investment market in the UK and beyond.
“I’ve known Peter for over 30 years, and he’s always been one of the smartest, kindest, most charming and most generous people I know. We will miss him hugely on both a professional and personal level. We’re so grateful for everything he’s done for Bridges, and we send all our love and best wishes to him and his family for the challenges ahead.”
Bridges’ clients include leading banks like HSBC, Barclays and Citigroup as well as pension funds including West Midlands, South Yorkshire, Railpen and Merseyside.