TORONTO, Oct. 17, 2018 /CNW/ - Bridging Finance Inc. ("Bridging Finance") is pleased to announce that a fund managed by Bridging Finance, the Bridging Private Debt Institutional LP ("Fund"), has received an award in the category of Private Debt at the 2018 Canadian Hedge Fund Awards. The Fund finished 2nd placed in the "Best 1 Year Return" category of Private Debt, a new category of the Canadian Hedge Fund Awards.
"We are extremely pleased to have the fund recognized by the Canadian Hedge Fund Awards as a leading fund in the private debt sector", said David Sharpe, Chief Executive Officer of Bridging Finance. "We recently announced the closing of our acquisition to become the sole manager of the fund known as the Bridging Income Fund and this award further solidifies Bridging's position as a leading alternative credit investment manager in Canada. We appreciate the confidence placed in the fund by its unitholders and we look forward to the continued success of the fund and other products managed by Bridging", added Sharpe.
About Bridging Finance Inc.
Established in 2012, Bridging Finance is one of Canada's leading alternative credit investment management firms and manages in excess of $1 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.
Please visit the offering memorandum of the Fund for any further information. Performance of the fund is not guaranteed and past performance is not indicative of any future performance.
SOURCE Bridging Finance Inc.
For further information on Bridging Finance Inc., please visit us at www.bridgingfinance.ca or please contact us at (416) 640-8965 or (888) 920-9598 or by email at [email protected] or [email protected]
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