There is a web of connections between Social Finance, Goldman Sachs, and other major private investors.
Social Finance Ltd’s biggest shareholder is a charitable trust called Hadley Trust, set up by computer company entrepreneur Philip Hulme. Hadley Trust’s shares and other investments are managed by Goldman Sachs.
Besides Andrew Law, at least another six Social Finance board members and executives are former Goldman Sachs employees:
David Blood. Board member of Social Finance Ltd. Co-founder and board member of Social Finance US. Co-founder and Senior Partner of Generation Investment Management. Worked for 18 years at Goldman Sachs, and was co-CEO and CEO of Goldman Sachs Asset Management from 1999-2003.
Peter Wheeler. Board Member of Social Finance Ltd. Formerly Goldman Sachs Partner and Managing Director. 168
Bracebridge H. Young, Jr. Chair of the Board Of Social Finance US. Formerly Partner and head of European Debt Capital Markets at Goldman Sachs.
Sonal Shah. Vice Chair of the Board of Social Finance US. Former Vice President at Goldman Sachs.
Fiona Miller Smith. Chief Operating Officer at Social Finance, previously worked at Goldman Sachs.169
Tim Rothery. Associate Director, Social Finance Ltd. Previously Vice President at Goldman Sachs.
Another important (but not Goldman Sachs) connection:
Sir Ronald Cohen. Co-founder and director of Social Finance US. Chair of Big Society Capital. Co-founder and chairman of Apax Partners, the global private equity firm that owns 32% of General Healthcare Group (the UK’s biggest private hospital company, which has major NHS contracts).
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2 http://www.mirror.co.uk/news/politics/2011/01/19/nhs-reform-leaves-tory-backers-with-links-to-private-healthcare-firms-set-for-bonanza-115875-22859373/
3 http://www.telegraph.co.uk/news/newstopics/mps-expenses/6989408/Andrew-Lansley-bankrolled-by-private-healthcare-provider.html
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7 http://www.channel4.com/news/andrew-lansleys-nhs-plans-still-in-good-health
8 http://www.jpmorgan.com/tss/General/Healthcare_/1102380191740
9 http://www.jpmorgan.com/tss/General/Healthcare_/1102380191740
10 http://www.penna.com/news-and-events/Detail/hmfa-and-penna
11 http://www.publications.parliament.uk/pa/cm/cmregmem/1782/bellingham_henry.htm
12 http://www.squiresanders.com/london/
13 http://www.squiresanders.com/de/underperforming_nhs_trusts_challenges_and_opportunities_for_the_private_sector_01-30-2009/
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15 http://www.paconsulting.co.uk/industries/government-and-public-services/transforming-healthcare/helping-organisations-respond-to-the-nhs-transition/
16 http://www.theyworkforyou.com/regmem/?p=10079
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18 http://www.guardian.co.uk/business/astrazeneca
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20 http://www.pressreleasepoint.com/hitachi-consulting-uk-enables-london%E2%80%99s-primary-care-trusts-monitor-and-benchmark-performance-online-
21 http://www.lexcomm.co.uk/our-services/healthcare-communications
22 http://whoslobbying.com/uk/lexington_communications
23 http://www.publications.parliament.uk/pa/cm/cmregmem/1782/davis_rt-hon-david.htm
24 http://www.agincare.com/news/article/richard-dr
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27 http://www.publications.parliament.uk/pa/cm/cmregmem/1782/fallon_michael.htm
28 http://www.ellwoodandatfield.com/nhsbt/
29 http://www.publications.parliament.uk/pa/cm/cmregmem/130507/130507.pdf
30 http://powerbase.info/index.php/Pfizer
31 http://powerbase.info/index.php/Liam_Fox_Register_of_Members_Financial_Interests#Register_as_at_28th_September_2011
32 http://www.ipgl.co.uk/cyprotex/
33 http://www.4d-biomedical.com/
34 http://www.publications.parliament.uk/pa/cm201011/cmhansrd/cm101111/debtext/101111-0003.htm
35 http://www.carematters-uk.com/index.php?page=long-term-care
36 http://www.publications.parliament.uk/pa/cm/cmregmem/1782/freer_mike.htm
37 http://www.google.co.uk/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&cad=rja&uact=8&ved=0CCQQFjAA&url=http%3A%2F%2Fwww.lek.com%2Fsites%2Fdefault%2Ffiles%2FL.E.K._DeliveringIntegratedHealthcareintheCommunity.pdf&ei=4y5BVOuhL6Gf7ga2o4CAAw&usg=AFQjCNFTsQHRnCyMzTHjYk724j0_D1Gkiw&sig2=Qy0AMpyPcZs8KCTQ2vHkUA&bvm=bv.77648437,d.ZGU
38 http://searchthemoney.com/associate/1060
39 http://www.publications.parliament.uk/pa/cm/cmregmem/080311/memi12.htm
40 http://www.electoralcommission.org.uk/
41 http://www.bloomberg.com/profiles/companies/1885206Z:LN-mmc-ventures-ltd
42 http://www.thepracticeplc.com/
43 http://www.castlemead-ltd.co.uk/
44 http://www.publications.parliament.uk/pa/cm/cmregmem/130507/130507.pdf
45 http://cheltenham-gloucesteragainstcuts.org/2012/05/04/two-gloucestershire-tory-mps-accepted-donations-from-controversial-super-rich-private-health-investor/
46 http://www.electoralcommission.org.uk/
47 http://www.electoralcommission.org.uk/
48 http://wallstcheatsheet.com/stocks/major-healthcare-stock-positions-of-caxton-associates.html/
49 http://www.margotjames.com/about
50 http://www.wpp.com/annualreports/2011/how-were-doing/reports-from-our-operating-brands/healthcare-communications/index.html
51 http://www.wpp.com/wpp/companies/ghg/office/grey-healthcare-group-new-york/
52 http://www.publications.parliament.uk/pa/cm/cmregmem/130610/130610.pdf
53 http://www.moundsleyhall.com/
54 http://www.electoralcommission.org.uk/ http://www.electoralcommission.org.uk/
55 http://www.electoralcommission.org.uk/
56 http://www.palmercapital.co.uk/about2.php
57 http://www.electoralcommission.org.uk/
58 http://www.outdoormedicalsolutions.co.uk/
59 http://www.theyworkforyou.com/regmem/?p=24765
60 http://www.powerbase.info/index.php/N.M._Rothschild_%26_Sons
61 http://www.powerbase.info/index.php/N.M._Rothschild_%26_Sons
62 http://www.cps.org.uk/files/reports/original/111027171245-BritainsBiggestEnterprise1988.pdf
63 http://www.investegate.co.uk/article.aspx?id=200511020700074778T
64 http://www.tfpl.com/resources/health_sig.cfm
65 http://www.publications.parliament.uk/pa/cm/cmregmem/140616/lilley_peter.htm
66 http://www.publications.parliament.uk/pa/cm/cmregmem/130507/loughton_tim.htm
67 http://www.conservatives.com/People/Members_of_Parliament/Macleod_Mary.aspx
68 http://powerbase.info/index.php/Francis_Maude
69 http://www.publications.parliament.uk/pa/cm/cmregmem/081008/memi19.htm
70 http://www.publicishealthcare.com/en/contactUs.aspx
71 https://www.gov.uk/government/people/maria-miller
72 http://www.publications.parliament.uk/pa/cm/cmregmem/081008/memi19.htm
73 http://www.independent.co.uk/life-style/health-and-families/health-news/nhs-pulls-the-plug-on-its-11bn-it-system-2330906.html
74 http://www.hanovercomms.com/downloads/03%20Penny%20Mordaunt%20appointment%20-%2016.02.09.pdf
75 http://www.allelefund.com/
76 http://www.publications.parliament.uk/pa/cm/cmregmem/140616/newmark_brooks.htm
77 http://www.spinwatch.org/blogs-mainmenu-29/tamasin-cave-mainmenu-107/5419-lobbyists-in-the-heart-of-government
78 http://www.publications.parliament.uk/pa/cm/cmregmem/1782/norman_jesse.htm
79 http://www.chesterchronicle.co.uk/chester-news/local-chester-news/2010/01/28/eddisbury-mp-stephen-o-brien-slams-news-of-the-world-for-article-linking-him-to-private-health-care-firms-59067-25700217/
80 http://www.independent.co.uk/news/uk/politics/cameron-fears-candidates-links-to-lobbying-industry-1926157.html
81 http://www.bcg.com/expertise_impact/industries/health_care_payers_providers/default.aspx
82 http://www.bcg.com/expertise_impact/industries/health_care_payers_providers/default.aspx
83 http://www.bcglondon.com/about_bcg/graham_rich.aspx
84 http://www.osac.org.uk/accountancyfirm/144/
85 http://www.grant-thornton.co.uk/en/Sectors/Health-Services/Healthcare/
86 in 2003
87 http://www.webershandwick.co.uk/homepage-sections/what-we-are-up-to/158
88 http://en.wikipedia.org/wiki/Huntsworth
89 http://blogs.wsj.com/deals/2009/07/31/the-pharmaceuticals-banker-that-helped-evercore-land-a-4-billion-mandate/
90 http://www.glgresearch.com/Council/Healthcare.html
91 http://www.epicprivateequity.com/aboutepe_home.html
92 http://www.epicprivateequity.com/portfolio_epe_special_opportunities_plc.asp
93 http://www.cps.org.uk/files/reports/original/111027171245-BritainsBiggestEnterprise1988.pdf
94 http://www.google.co.uk/url?sa=t&rct=j&q=redwood%20emerging%20markets%20dividend%20income%20fund%20healthcare&source=web&cd=3&ved=0CHYQFjAC&url=http%3A%2F%2Fwww.redwoodasset.com%2Fdoc_bin%2FQPD_REMDF.pdf&ei=EZa7T-fHIueX0QXe393gBw&usg=AFQjCNHkhQFNhPFQbNYTkL
95 http://www.morningstar.co.uk/uk/funds/snapshot/snapshot.aspx?id=F00000M9PI&tab=3
96 http://www.lek.com/industries/healthcare-services
97 http://www.publications.parliament.uk/pa/cm/cmregmem/141013/rifkind_malcolm.htm
98 http://www.adamsmithinternational.com/
99 http://www.google.co.uk/url?sa=t&rct=j&q=&esrc=s&source=web&cd=6&sqi=2&ved=0CGIQFjAF&url=http%3A%2F%2Fwww.powerbase.info%2Findex.php%2FAdam_Smith_Institute&ei=z928T8m2D4nd8AOG78k7&usg=AFQjCNH5z-dcFyfEJaBDsRCb9Ejzvgb-mQ&sig2=B4xUxLtVCkjyH1ga3MmfsA
100 http://www.google.co.uk/url?sa=t&rct=j&q=&esrc=s&source=web&cd=4&sqi=2&ved=0CF0QFjAD&url=http%3A%2F%2Fwww.adamsmith.org%2Fnews%2Fin-the-news%2Ffrom-cradle-to-grave-the-death-of-the-nhs&ei=z928T8m2D4nd8AOG78k7&usg=AFQjCNGmHDQs2Io9J9akdzHmJohfOakHVw&sig2=OzLm4ghumW5zjNeYdWIzag
101 http://www.alliancemedical.co.uk/who-we-are
102 http://wallstcheatsheet.com/stocks/major-healthcare-stock-positions-of-caxton-associates.html/
103 http://www.electoralcommission.org.uk/
104 http://parliament.telegraph.co.uk/mpsexpenses/interests/David-Ruffley/mp-10520
105 https://www.partnership.co.uk/paying-care-fees/http:/www.partnership.co.uk/care/
106 http://www.cinven.com/lib/docs/131233-partnership-annual-report-2010.pdf
107 http://www.guardian.co.uk/politics/2011/apr/19/spire-healthcare-nhs-cuts-boom-private-sector
108 http://www.eadt.co.uk/news/politics/suffolk_county_defends_its_care_home_decision_1_1966896
109 http://www.electoralcommission.org.uk/
110 http://www.mirror.co.uk/news/politics/2011/10/26/tory-mp-cashing-in-on-nhs-break-up-with-second-job-at-health-firm-115875-23515038/#ixzz1dJFD7uKw
111 http://www.parliament.uk/documents/Mr%20Mark%20Simmonds%20MP.pdf
112 http://www.publicwhip.org.uk/mp.php?id=uk.org.publicwhip/member/40103
113 http://socialinvestigations.blogspot.co.uk/2012/04/four-key-members-of-associate.html
114 http://www.publications.parliament.uk/pa/cm/cmregmem/111129/111129.pdf
115 http://www.electoralcommission.org.uk/
116 http://www.principlehealthcare.com/parliamentary-and-scientific-committee.php
117 http://www.dh.gov.uk/prod_consum_dh/groups/dh_digitalassets/@dh/@en/documents/digitalasset/dh_132413.pdf
118 http://www.ft.com/cms/s/0/17eaba52-57bb-11e1-ae89-00144feabdc0.html#axzz1oVt9kaCI
119 http://www.trustnet.com/Factsheets/Factsheet.aspx?fundCode=FIEUOP&univ=U
120 http://investors.morningstar.com/ownership/shareholders-major.html?t=AEXAF
121 http://investors.morningstar.com/ownership/shareholders-major.html?t=AXAHY
122 http://www.ehi.co.uk/news/industry/6575/humana_to_pull_out_of_uk
123 http://www.cqc.org.uk/directory/1-101662163
124 http://www.publications.parliament.uk/pa/cm/cmregmem/120430/120430.pdf
125 http://www.independent.co.uk/news/private-care-sought-for-nhs-bottomley-wants-health-firms-to-take-advantage-of-relaxed-treasury-rules-1455025.html
126 http://www.independent.co.uk/news/private-care-sought-for-nhs-bottomley-wants-health-firms-to-take-advantage-of-relaxed-treasury-rules-1455025.html
127 http://www.hgcapital.com/content/portfolio/investments/1/4
128 http://www.mirror.co.uk/news/politics/2011/01/19/nhs-reform-leaves-tory-backers-with-links-to-private-healthcare-firms-set-for-bonanza-115875-22859373/
129 http://www.sthree.com/en/page/our_brands_and_sectors/
130 http://www.publications.parliament.uk/pa/cm/cmregmem/141013/zahawi_nadhim.htm
131 http://www.mirror.co.uk/news/uk-news/sthree-nhs-reform-firm-links-3236237
132 http://www.totalpolitics.com/print/162072/the-end-of-year-mp-awards.thtml
133 http://www.channel4.com/news/who-are-the-southern-cross-care-home-landlords
134 http://www.bailliegifford.com/documentgateway.aspx?_id=8B61929D-0E76-4E68-B042-D16A4104228C
135 http://www.publications.parliament.uk/pa/cm/cmregmem/141013/campbell_menzies.htm
136 https://uk.linkedin.com/pub/steve-woolridge/10/253/440
137 http://southendccg.nhs.uk/policies/doc_view/582-item-13b-qfpcommittee-april-310714
138 http://www.publications.parliament.uk/pa/cm/cmregmem/141013/141013.pdf
139 http://www.alphamedical.org/pages/services/diagnosis-rehabilitation.php#
140 http://www.electoralcommission.org.uk/
141 http://www.electoralcommission.org.uk/
142 http://platonmedical.co.uk/
143 http://www.publications.parliament.uk/pa/cm/cmregmem/141013/smith_robert.htm
144 http://www.electoralcommission.org.uk/
145 As of September 30th, 2011, Caxton had investments in healthcare companies with an aggregate market value of $217.659 million. http://wallstcheatsheet.com/stocks/major-healthcare-stock-positions-of-caxton-associates.html/
146http://www.publicintegrity.org/2011/01/05/2232/hedge-funds-bet-heavily-republicans-end-election
147 http://www.rightweb.irc-online.org/profile/American_Enterprise_Institute
148 http://www.ft.com/cms/s/0/0ecc2df4-3679-11e3-8ae3-00144feab7de.html?siteedition=uk#axzz2tfXBS2jy
149 http://www.lawfamilycharitablefoundation.org/#social-finance
150 http://www.socialfinance.org.uk/impact/health-and-social-care/
151http://socialfinance.westgatecomms.com/wp-content/uploads/2014/07/Introduction-to-Social-Impact-Bonds.pdf
152http://www.socialfinance.org.uk/wp-content/uploads/2014/07/A-new-way-to-invest-in-better-healthcare.pdf
153 http://www.nuffieldtrust.org.uk/talks/social-investment-funding-sustainable-nhs
154 https://www.oppex.com/notice/SELL2WALES_ec9f14af2ead8ab1006559a8495058e2
155 http://www.mariecurie.org.uk/en-GB/Commissioners-and-referrers/Partnerships-and-innovations/Social-investment-in-end-of-life-care/
156 http://www.mariecurie.org.uk/en-GB/Commissioners-and-referrers/Partnerships-and-innovations/Social-investment-in-end-of-life-care/
157http://www.local.gov.uk/documents/10180/5920754/Introduction+to+Social+Impact+Bonds+-+Health,%20Social+Care+and+Addiction/293f328a-c5d3-4a59-9ea8-9ad5370fd7e3
158 https://www.oppex.com/notice/SELL2WALES_ec9f14af2ead8ab1006559a8495058e2
159 http://www.theguardian.com/society/2012/dec/11/homelessness-payment-results-social-bond
160http://www.standard.co.uk/news/london/new-funding-scheme-to-aid-londons-rough-sleepers-8346290.html
161 http://www.thirdsectorcap.org/wp-content/uploads/2014/01/MA-JJ-PFS-Frequently-Asked-Questions.pdf
162 http://www.bloomberg.com/markets/rates-bonds/government-bonds/us/
163 http://www.bloomberg.com/markets/rates-bonds/government-bonds/uk/
164http://uk.reuters.com/article/2013/11/12/us-goldman-social-impact-bond-analysis-idUKBRE9AB0ZD20131112
165 http://www.goldmansachs.com/what-we-do/investing-and-lending/urban-investments/case-studies/social-impact-bond-pdf.pdf
166 http://www.ft.com/cms/s/0/d7086aee-4493-11e3-a751-00144feabdc0.html?siteedition=uk
167 https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/217375/social-impact-bond-hmp-peterborough.pdf
168http://www.socialfinance.org.uk/about-us/board-and-team/
169 http://www.socialfinance.org.uk/staffmember/fiona-miller-smith/#sthash.kUR7hDqj.dpuf
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