TORONTO, July 28, 2014 – Bridging Finance Inc. (“Bridging”) is pleased to announce that it has entered into an exclusive sub-advisory relationship with Sprott Asset Management LP for the Sprott Bridging Income Fund LP (the “Fund”). The Fund’s principal investment objective is to achieve superior risk-adjusted returns with minimum volatility and low correlation to traditional asset classes by investing in factored receivables and asset-based loans of Canadian and U.S. Companies.
The Fund provides debt capital to middle-market Canadian and U.S. companies unable to access traditional financing sources. Lending proceeds are used by companies to address short-term needs such as restructuring existing debt, providing working capital for growth, supporting inventory purchases and financing expenditures and acquisitions/buyouts.
“We are excited about the increased national presence that the Sprott relationship provides,” said David Sharpe, President and COO of Bridging Finance. “We will continue to focus on providing companies unable to access traditional financing with alternatives and continue to build our presence in the private debt space in Canada.”
About Bridging Finance Inc.
Bridging is a privately held Canadian company with over 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 capital for growth, supporting inventory purchases and financing expenditures and acquisitions/buyouts.
About Sprott Asset Management
Sprott Asset Management LP (www.sprott.com), a wholly owned subsidiary of Sprott Inc. (www.sprottinc.com), is a fund company dedicated to achieving superior returns for its investors over time. Sprott Asset Management LP manages assets primarily for institutions, endowments and high net worth individuals and is the investment manager of the Sprott Mutual Funds. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the Offering Memorandum before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. The information contained herein does not constitute an offer or solicitation by anyone in the United States or in any other jurisdiction in which such an offer or solicitation is not authorized or to any person to whom it is unlawful to make such an offer or solicitation. Prospective investors should consult their financial advisor to determine if the Sprott Mutual Funds may be sold in their jurisdiction.
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