Bridging Finance Inc. (“Bridging”) is pleased to announce a successful finish to the 2019 fiscal year, having provided over $600MM in new commitments with over 30 transactions closed in 2019 across Canada.
In addition to these commitments in 2019, Bridging expanded its offering with the launch of two additional products:
The Bridging Indigenous Impact Fund, which launched in April, is a socially responsible fund providing support for the economic development of Indigenous communities and projects. The fund’s main investment objective is to provide capital to support Indigenous initiatives including Indigenous enterprises, infrastructure projects, and to communities directly, in order to maintain, create and enhance a thriving and sustainable economy for Indigenous peoples and communities.
Additionally, Bridging also launched a new ‘fund of funds’ product in June. The Bridging Fern Alternative Credit Fund invests in a portfolio consisting of securities of specially selected investment funds and alternative investment vehicles that employ alternative credit investment strategies. The addition of these products is an excellent complement to Bridging’s existing offering and will support the growth of Bridging as a preeminent private debt lender. A sample of deals completed in 2019 can be accessed by the link below: