TORONTO, Oct. 16, 2013 /CNW/ - Bridging Finance Inc. ("Bridging") is
pleased to announce the launch of Bridging Credit Fund LP (the "Fund").
The Fund will give Canadian investors access to a highly specialized
asset class with a focus on aiming to deliver predictable yield over
the long term. The Fund will invest in an actively managed portfolio
of asset-based loans that have good quality collateral, factored
accounts receivable and inventory financing, primarily to Canadian and
U.S. based companies. The portfolio of the Fund will include only
asset-based loans that are fully collateralized based on liquidation
values and/or potential cash flows.
The President of Bridging, Natasha Sharpe, has an extensive background
in credit, risk assessment and corporate finance with leading Canadian
financial institutions. "The Canadian landscape is a difficult one
when searching out above average yield" said Natasha Sharpe. "We saw an
opportunity to tap into an underserved market in the Canadian business
borrowing space and pass along those opportunities to investors," she
The Fund is targeting an initial minimum yield of 6.5% per annum and
incorporates several key features:
Target Minimum Yield Risk Protection: If the Target Minimum Yield is not met, Bridging will waive its
portion of the management fee to meet the Target Minimum Yield.
Floating Target Minimum Yield: The Target Minimum Yield is a floating target that is adjusted once
per year to reflect changes in the Prime Rate.
Low Correlation: Low correlation to traditional asset classes and public markets.
The Fund will be offered across Canada through investment dealers
pursuant to its offering memorandum via FundSERV.
About Bridging Finance Inc.
Bridging is a privately held Canadian company with close to two years of
private investment management experience providing middle-market
Canadian companies with alternatives to the financing options offered
by traditional lenders. Lending proceeds are used by companies to
address short-term needs such as restructuring existing debt, providing
working finance for growth, supporting inventory purchases and
financing expenditures and acquisitions/buyouts.
Image with caption: "Bridging Finance Inc. Launches Bridging Credit Fund LP (CNW Group/Bridging Finance Inc.)". Image available at: http://photos.newswire.ca/images/download/20131016_C9919_PHOTO_EN_32086.jpg
SOURCE: Bridging Finance Inc.
For further information:
Please obtain the Offering Memorandum from your dealer or visit us at www.bridgingfinance.ca,
Or call 1-888-920-9598 or email firstname.lastname@example.org:
David Sharpe, LLB, LLM, MBA
COO & CCO