About us

Who we are

Founded in 2005, Big Issue Invest extends The Big Issue’s mission by financing the growth of sustainable social enterprises.

Big Issue Invest currently manages or advises on over £460 million of impact funds. Since 2005, we have provided £46 million in impact loans to more than a hundred social enterprises, alongside nearly £35 million in larger and more patient investments across coming from three major funds with a committed capital of nearly £43 million.

What we do

Big Issue Invest currently manages or advises on over £460 million of impact funds and is creating the UK’s first ‘Social Merchant Bank – ’by social entrepreneurs, for social entrepreneurs’.

We are also bringing the mainstream to social investment with the UK Equity Impact – Employment Opportunities Fund, in partnership with Aberdeen Standard Investments, and the UK Social Bond Fund, in partnership with Columbia Threadneedle. The latter is the first social investment fund offering daily liquidity and it has raised £185 million as of January 2020.

Through partnering with Experian on The Rental Exchange, Big Issue Invest is also helping to pave the way for 3.4 million social housing tenants to potentially improve their credit files.

Our social impact

We provide finance to organisations that create positive social impact. Almost all our investees are unable to raise mainstream finance. We have made more than 550 since 2005, over 50% of which were into organisations working in the 25% most deprived areas of the UK. 80% of our investees became more financially sustainable as a result of our investment, and more than half were able to hire new staff last year.

Senior Management Team

Danyal Sattar

Chief Executive

Danyal Sattar, formerly the Head of Social Investment at the Joseph Rowntree Foundation, joined Big Issue Invest in December of 2018. He has more than 25 years’ experience in the social and ethical investment, charitable and impact investment sectors and sits on a range of expert and advisory panels.

Lars Hagelmann

Head of Investments

Lars has over 15 years experience in direct investment and investment management. He started his career in Berlin with BDO in the Corporate Finance Team before moving to London to work for SISU Capital, sourcing and managing direct Private Equity investments. Lars worked in the Middle East managing investments into education and healthcare before joining BII as an Investment Director.

Lucinda Hardwick

Head of Business Development

Robert Kirton

Head of Finance

Robert Kirton joined Big Issue Invest in March 2022 as Head of Finance. Robert is a qualified accountant with degrees in Law and in Social Policy. Before joining Big Issue Invest, Robert worked as an independent financial consultant, advising NHS organisations, Housing Associations and the Gibraltar Health Authority. He was previously the Director of Finance at the British Library and at Great Ormond Street Hospital. His early career began in the NHS and included a period of consultancy with Deloittes.

Sasha Afanasieva

Head of Impact

Sasha is an impact management specialist and social entrepreneur with a background in investment banking. As an impact & ESG consultant, Sasha has advised over 50 organisations, including fast-growth early-stage businesses, corporates, charities and investors. She founded Blubel, an award-winning social enterprise, where she led the development of an innovative tech product from an idea to full market launch. Blubel received funding from the European Space Agency, Department for Transport as well as private investors. She has extensive experience in leading complex time-sensitive projects and data-driven research. Sasha holds an Economics and Management degree from the University of Oxford.

Alex Rammos

Head of Compliance

Keren Segal

Group Central Services Director

Zoe Hayward

Group Chief Marketing Officer

Zoe joined Big Issue Group in 2020. As an award winning Senior Marketer and Communications leader with over 20 years’ experience. Zoe started her career at Unilever, working across some of the biggest and best loved brands in the UK from Persil to Birds Eye to M&S. At M&S, Zoe was Head of Marketing for Food, Clothing & Home and Plan A, where she was responsible for leading and communicating some of the biggest impact initiatives and partnerships.

Investment Team

Ben Tiplady

Investment Associate

Ben supports the fund management side of Big Issue Invest. He helps with reporting requirements to the board and outside stakeholders, social impact scoping and analysis. He comes from a background in social finance.

Glenn Arradon

Investment Director

Glenn joined BII in 2013. He previously spent nine years at Locality supporting community and social enterprises throughout the country. At Big Issue Invest, Glenn has overseen investments worth £15m into 35 social enterprises. He has led on the London Housing Fund which has now committed £10m of capital into the creation of affordable homes in the capital. Glenn’s background is in International Development.

James Potter

Investment Director

James has a background in corporate finance having spent over 10 years advising on stock market flotations and helping large companies with debt financing. In 2015 he moved to the social investment sector where he worked as an Investment Director at Numbers for Good, a social finance intermediary specialising in assisting social enterprises of all sizes prepare the materials that they needed in order to secure social investment. Numbers for Good closed earlier in 2019 and he's looking to use the skills and enthusiasm for social investment he built up over that time here at Big Issue Invest. Outside work, James has a busy time with his family including his two boys.

Sergio Sanchez

Investment Director

Sergio started his career in Finance Control roles, of which he moved to PwC where he developed his career as a Processes and Systems Auditor and Risk Management Consultant. He managed projects, teams and stakeholder relationships and worked for a wide variety of industries. Before joining Big Issue Invest Sergio completed the On Purpose programme, a leadership programme with a focus in the social impact sector.

Tomasz Jarecki

Investment Manager

Linda Wickstrom

Investment Manager

Linda manages investment into social enterprises and charities, mainly within our Impact Loan England scheme. Linda has over a decade of experience in the social impact sector, working for a charity, local government and the corporate sector to manage community investment schemes. Most recently, she spent over six years in Accenture’s Corporate Citizenship team where she managed community impact partnerships and investments, focused on skills and employment. Outside of work Linda is a school governor, sings in a show choir and loves hiking.

Giorgio Broetz

Investment Manager

Sarah Faber

Investment Director

Sarah leads the Growth Impact Fund at Big Issue Invest which provides flexible finance to diverse entrepreneurs who are addressing inequality in society. She previously ran the Young Academy investment fund, a flexible finance social investment fund addressing education inequality. She also worked at Bates Wells providing financial and social impact advice to charities. She is a chartered accountant, and keen sea swimmer.

Joe Ware

Investment Associate

Joe comes from a background in government finance, having completed the Fast Stream programme and is a qualified CIMA and CIPFA accountant. Outside the office, Joe is a keen music and football fan, attending festivals, gigs and matches whenever he can. He's also the owner of a Miniature Schnauzer named Flo.

Freddie Waite

Independent Consultant

Michael Burns

Investment Manager

Michael has joined The Big Issue Invest as an Investment Manager bringing experience built at The Social Investment Business where he held approaching 13 years covering assessment and portfolio management of a range of impactful social enterprises through SIB’s various loan and grant funds.
Prior to this, Michael has worked in the field of micro finance with a Northeast based CDFI responsible for assessment/deployment of funds for positive outcomes, as well as its portfolio management.

Impact Team

Ilana Darrant

Impact Officer

Ilana has a background in working with small businesses with community impact, including coordinating events for a large independent bookstore in California and working as part of a team to convert a privately owned bookstore to a member-owned worker run co-operative. Most recently, she worked as program coordinator for the Washington State Department of Commerce's Energy division, focusing on technical assistance for a portfolio of over 80 energy efficiency and solar grant contracts with local authorities. Ilana currently works on the delivery of the Social Enterprise Support Fund as part of the Big Issue Invest Impact team.

Rhys Corley-Morgan

Group Impact Manager

Before starting his current role as Group Impact Manager, Rhys spent more than five years working in The Big Issue’s Frontline team supporting vendors where he was most recently the Sales & Operations Manager for Scotland. While working at The Big Issue he studied part-time with The Open University to achieve his BA in Politics, Philosophy & Economics. Rhys’ current role is a new position within The Big Issue Group and his main focus is measuring the impact of the services, programmes and projects TBIG deliver to vendors while also working to achieve consistent approaches to impact, measurement and data across the whole of TBIG.

Stepan Zelinger

Grants and Data Manager

Stepan has a background in modern history and international affairs and has worked as coordinator of volunteering programmes in his early career. In recent years, he's led the development of grant-making and technical assistance programmes in a Czech foundation, focusing on community development, social entrepreneurship, and youth philanthropy. Before joining BII, he was responsible for a portfolio of grants in Central and Southeast Europe at the Open Society Foundation's education programme. At BII, Stepan focuses on the delivery of the Social Enterprise Support Fund and developing BII's grant-making and data management capabilities.

Emily Mitchell

Independent Consultant (Economist)

Finance and Operations

Oyinkan Olatunji

Invest Team Administrator

Oyinkansola comes from a background in legal and finance administration. She supports the fund management and lending team as their Team Administrator. She assists with documenting board and committee meetings, committee paper drafting, external and internal communication, GDPR, KYC / AML monitoring and Sector analysis.

Swiddle Pinto

Account Manager

Swiddle joined the BII lending team and brings a wealth of experience from the private sector. Swiddle has over 15 years of experience across the corporate banking and financial services sectors in the UK, US, Philippines and India markets including JP Morgan Chase (12 years) and Legal and General. She is highly adept in financial operations, financial systems, credit and loan processes, lending operations, underwriting and management. Swiddle works with our Finance and Operations team and leads on the loan management and data reporting. After a successful career in the private sector this is Swiddle’s first role in the UK social investment sector.

Minh Nguyen

Assistant Management Accountant

The Big Issue Group Services

Lara McCullagh

Executive Director

Big Issue Invest Board

Warren Taylor

Chairman

Warren is a Partner at CMS Cameron McKenna Nabarro Olswang. His legal focus is in corporate finance - M&A, equity capital markets and private equity/ venture capital. He is particularly interested in the health and social care and real estate sector.

Tim West

Non Executive Director

Tim is the founder, editor and CEO of Pioneers Post as well and The Fable Bureau, a mission-focused marketing and social innovation company. He also founded the Good Deals social investment conference and the NatWest SE100 Index. Through these platforms and initiatives, he works with corporates, social entrepreneurs, private businesses, civil society organisations and government bodies to promote the fusion of brilliant business and social values, helping to build great brands, compelling stories and sustainable business around social impact and social responsibility.

Amy Clarke

Non Executive Director

Amy is the co-founder and Chief Impact Officer of Tribe Impact Capital, an award winning wealth management firm and B Corps dedicated in its entirety to advising and managing private and institutional wealth for impact. Tribe is the first of its kind in the U.K., and works with like minded clients impassioned to use their wealth to manifest the positive social, environmental and economic changes in the world they wish to see in line with their own financial needs. Amy sits on the board of B Lab UK and is also an Advisor to the Ocean Plastics Leadership Network and sits on the Development Council of the Future Fit Benchmark.

Sara Redford

Non Executive Director

Sara is an experienced social investor, having led the investment teams at Social and Sustainable Capital and the Social Investment Business. Sara also spent over a decade structuring debt and quasi-equity solutions to support private equity backed management buyouts across Europe.

Sandeep Sachdeva

Non Executive Director

Sandeep was an international banker, who, after leading large global banking businesses in three continents, retired in his mid-40s to pursue his personal interests. He has since co-founded www.safeinindia.org, and is its current CEO. He is also an active board-member of a number of social enterprises in the UK and Europe and enjoys helping them grow/restructure. Sandeep is a graduate of IIT Roorkee and IIM Ahmedabad, India.

Louise Boothby

Non Executive Director

Louise has extensive experience across the finance and charitable sectors. She is an Investment Partner at Coller Capital - a global Private Equity Secondaries firm and previously Chaired the Finance and Fundraising Committee for NurtureUK.

Martin Allen Morales

Non Executive Director

Martin works for purpose-driven companies and is also a NED at Recovery Focus and is an Advisor at Ashoka. He worked for Steve Jobs at Apple, launching and heading iTunes Pan EU and at Disney he ran the music business, the digital transformation which resulted in the precursor to Disney+ and worked with Miley Cyrus, High School Musical and Marvel. As the founder of Ceviche & Andina which he has now exited, he introduced Europe to sustainable Peruvian food, won GQ’s Innovator of the Year Award, Entrepreneur of the Year by the UK Chamber of Commerce and became a best selling author. For many years he has also guided and advised several charities and social enterprises particularly those working with climate change, improving mental health, young people’s opportunities and alleviating poverty.

Mark Simms

Non Executive Director

Mark has a proven, executive management track record and over 25 years’ experience working within the third sector, of which 18 years have been with P3 Charity. He is a pragmatic, tenacious and results orientated Chief Executive who brings a wealth of experience. His expertise encompass direct project delivery across third sector charitable operations including: Housing; Social justice; Mental Health; Young People; Loneliness; and Homelessness. Mark is also a Trustee of Homeless Link and a Non-Executive Director at New Leaf (a CIC supporting people involved in the criminal justice system).

Fund Management Board

Pete Flynn

Chair

With many years of corporate “City” experience from Pantheon Ventures, InvestorForce, Fleming Asset Management and NM Rothschild & Sons in both London and New York, giving him a unique insight into the needs of the institutional investor. Pete set up Candela Capital in 2003 to meet the distribution needs of small- to mid-sized private capital funds who want a personalised, long-term relationship with a distribution partner. Pete holds BA (Hons) and MA degrees in Economics from Cambridge University and an Investment Management Diploma from the London Business School. He was a Governor and Head of Audit for the Northern School of Contemporary Dance, was a local Parish Councillor for eight years and has been a governor of local schools and credit unions.

Danyal Sattar

Director

Danyal Sattar, formerly the Head of Social Investment at the Joseph Rowntree Foundation, joined Big Issue Invest in December of 2018. He has more than 25 years’ experience in the social and ethical investment, charitable and impact investment sectors and sits on a range of expert and advisory panels.

John Gilligan

Non Executive Director

John is Director of a globally recognised programme at one of the world's premier business schools. He is also an educator, trainer and co-author of a series of books on Private Equity that have been adopted by global business schools, institutions and academia. John is a partner level Corporate Financier in global professional service businesses for 20+ years and has raised over £1.5bn of private equity with realised cash profits exceeding £2bn. John is also a Trustee of The Big Issue Invest Trust.

Melanie Tillotson

Non Executive Director

With more than 20 year’s experience in legal and compliance roles with leading financial institutions, Melanie moved across into the impact investing world, joining our Fund Management Board in 2018.

Social Investments

Danyal Sattar

Non Executive Director

Danyal Sattar, formerly the Head of Social Investment at the Joseph Rowntree Foundation, joined Big Issue Invest in December of 2018. He has more than 25 years’ experience in the social and ethical investment, charitable and impact investment sectors and sits on a range of expert and advisory panels.

Stephen Howard

Non Executive Director

Stephen Howard LVO, is Chair of Power to Change, an Independent charitable trust, which he joined after retiring as Chief Executive of Business in the Community after 10 years in post. Stephen brings a wealth of senior management experience in the corporate sector. He has held a number of executive and non-executive roles including Chief Executive of Cookson Group plc and Novar plc. His other current roles include: Chairman, Thames Reach; Trustee, Big Society Trust; Trustee, American International Church; and Director, Thanda UK.

Nigel Kershaw OBE

Non Executive Director

Nigel Kershaw OBE is a leading social entrepreneur and impact investor.

Since 1974 Nigel created, built and scaled social enterprises and social investment. He joined The Big Issue (TBI) in 1994, eventually becoming its CEO and Group Chair. Nigel is the co-founder of The Big Exchange.

Prior to joining The Big Issue, Nigel founded three printing and publishing social enterprises. He has worked as a 4-colour litho-printer, project manager and trade union official.

Nigel is a Social Enterprise UK ‘Champion of Champions’ and winner of the Institute of Directors Good Enterprise Award. He currently sits on the Advisory Council of the UK’s Impact Investing Institute. In 2010, he was awarded an OBE for services to Social Enterprise.

Investment Committee

Tim Farazmand

Investment Committee Chair

Tim has worked for over 30 years in private equity and was Chair of the British Venture Capital Association for the 2014-2015 term. Tim chairs the Palatine Impact Fund, PCB Partners and Estio. He sits on the boards of BSVT plc, The Lakes Distillery, Vinoteca and the Advisory Board of Beechbrook Capital.

Sara Redford

Investment Committee Member

Sara is an experienced social investor, having led the investment teams at Social and Sustainable Capital and the Social Investment Business. Sara also spent over a decade structuring debt and quasi-equity solutions to support private equity backed management buyouts across Europe.

Georg Stratenwerth

Investment Committee Member

Georg joined ClientEarth in 2016 as a trustee. He brings a wealth of experience in supporting companies both in the not-for-profit as well as for-profit sector through financial as well as strategic advisory and mentoring services. Georg’s previous expertise is in investment, Private Equity and Management Consultancy. He acted as a non-executive Director of Pillarstone, a KKR backed investment vehicle to restructure non-performing bank loans. His career in Private Equity was as Partner with Advent International and JP Morgan Partners. Georg serves as a member of the Investment Committee and Deal Team Advisor of Big Issue Invest. He is also a member of the Ashoka Support Network. Georg also serves on the Board of Be Caring, a regional Social Care provider in the UK.

Jeremy Rogers

Investment Committee Member

Jeremy is Chief Investment Officer at Big Society Capital. He has over 20 years of experience in the charitable and investment sectors, with over 12 years in impact investing. Jeremy set up and ran JP Morgan's European High Yield Trading group, growing it to become the market leader. He then became a Partner at Praxient Capital, a multi-asset investment fund. Jeremy has held multiple voluntary and non-executive roles at charities and social enterprises including the Princes Trust, Ashoka, Big Issue Invest and Pilotlight. He is a member of the Lankelly Chase Foundation's Investment Committee, Access - the Foundation for Social Investment's Joint Investment Committee and is a Senior Adviser to the Rockefeller Foundation Innovative Finance program.

Nick Temple

Investment Committee Member, Outcomes Investment Fund

Nick is Chief Executive of Social Investment Business since 2108. Previously, Nick was Deputy CEO at Social Enterprise UK, before that, he was Director of Policy & Communications at the School for Social Entrepreneurs, and led the expansion of their social franchise across the country. Nick is on the board of Social Value UK, the UK National Advisory Board for Impact Investing, Charity Bank’s Social Sector Advisory Panel, Big Issue Invest’s Investment Committee, and the Diversity Forum for Social Investment.

David Holmes

Investment Committee Member, Outcomes Investment Fund

David has extensive senior leadership experience in services for children and families in the voluntary sector, local government and central government, and was Chief Executive of the British Association for Adoption and Fostering from 2006 to 2013. He became Chief Executive of Family Action in March 2013. David was awarded a CBE for Services to Children and Families in 2014. He is a Fellow of the Royal Society of Arts, a Founding Fellow of the Society of Leadership Fellows at the College of St. George, Windsor Castle and a Member of the Social Enterprise Leaders Business Club. He won CEO of the Year at the HR Distinction Awards 2016.

Daria Kuznetsova

Investment Committee Member, Outcomes Investment Fund

Daria is the Executive Director of Strategy, Research and Performance at Teach First. She joined Teach First in 2017 having been a Strategy Director at Big Society Capital. Daria has broad experience in strategy and research, including at New Local Government Network, NHS England and the Cabinet Office Strategy Unit. She is a also regular outreach volunteer for St Mungo’s Broadway, a homelessness charity.

John Gilligan

Investment Committee Member

John is Director of a globally recognised programme at one of the world's premier business schools. He is also an educator, trainer and co-author of a series of books on Private Equity that have been adopted by global business schools, institutions and academia. John is a partner level Corporate Financier in global professional service businesses for 20+ years and has raised over £1.5bn of private equity with realised cash profits exceeding £2bn. John is also a Trustee of The Big Issue Invest Trust.

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