Apr 15, 2019, 16:30 ET
TORONTO, April 15, 2019 /CNW/ - Bridging Finance Inc. ("Bridging Finance") is pleased to announce the launch of its latest product, the Bridging Indigenous Impact Fund (the "Fund") which is currently available through the IIROC dealer channel on FundSERV and to institutional investors.
The Fund is a socially responsible and ethical fund providing support for economic development to Indigenous communities and projects. The Fund's main investment objective is to provide support through a solid foundation for Indigenous enterprises to succeed by providing capital and support to maintain, create and or enhance a thriving and sustainable economy for Indigenous peoples and communities. The lending proceeds will be used to fund various projects that include, but are not limited to, job creation, infrastructure, housing and education.
"As a first of its kind in Canada to promote Indigenous economic reconciliation, we are proud to announce the launch of the Bridging Indigenous Impact Fund" said David Sharpe, Chief Executive Officer of Bridging Finance and member of Tyendinaga, Mohawks of the Bay of Quinte. "Over the past years, Bridging Finance has established itself as a leader of private debt infrastructure financing to First Nations and Inuit throughout Canada. Having previously provided funding for initiatives ranging from housing projects to renewable energy projects, we are excited about the future of the Fund and the countless opportunities it represents for Indigenous communities throughout Canada." added Mr. Sharpe.
A spotlight on Bridging and the launch of the Fund by the Globe and Mail can be found here.
About Bridging Finance Inc.
Established in 2012, Bridging Finance is one of Canada's leading alternative credit investment management firms and currently manages approximately $1.3 billion of assets. Bridging Finance provides middle-market North American companies with alternatives to the financing options offered by traditional lenders. Lending proceeds, typically ranging from $3 million to upwards of $50 million, are used by companies to address needs such as restructuring existing debt, providing working capital for growth, supporting inventory purchases and financing expenditures and acquisitions/buyouts. For more information, please visit bridgingfinance.ca.
The units of the Bridging Indigenous Impact Fund (the "Units") will not be qualified for sale to the public under applicable Canadian securities laws and, accordingly, any offer and sale of the Units in Canada will be made on a basis that is exempt from the prospectus requirements of such securities laws and only through registered dealers.
The Bridging Indigenous Impact Fund is offered on a private placement basis pursuant to an offering memorandum and is only available to investors who meet certain eligibility or minimum purchase amount requirements under applicable securities legislation. Performance data including the projected or target return is not indicative of future performance.
This news release shall not constitute an offer to sell the Units or the solicitation of an offer to buy the Units, nor will there be any sale of the Units, in any jurisdiction where such offer, solicitation or sale is not permitted.
SOURCE Bridging Finance Inc.
For further information: For further information on Bridging Finance Inc.: David Sharpe, LLB, LLM, MBA, Chief Executive Officer, Bridging Finance Inc., C: (647) 981-5658, [email protected]; Jake Dockstator, JD, MBA, Vice President, Business Development, Bridging Finance Inc., C: (647) 688-8756, [email protected]; Ian Baele, Senior Vice President, Sales, Bridging Finance Inc., C: (416) 937-7641, [email protected]
Share this article