Bridging Finance completes $300M new financings

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By Ted Liu

Bridging Finance Inc., a provider of private debt capital for businesses operating in North America, announced today that it has recently completed $300 million in new financings for the 9 months ended September 30, 2017.

Bridging Finance is the co-Manager of Sprott Bridging Income Fund LP and Sprott Bridging Income RSP Fund and is Manager of the recently announced Bridging Mid-Market Debt Fund.

Bridging provides capital in the form of asset-based loans, unitranche and factoring facilities. 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.

“In addition to the $300MM in new commitments completed, we’ve had over $170MM in successful exits so far in 2017,” commented David Sharpe, CEO of Bridging Finance.

Established in 2012, Bridging Finance also offers portfolio management services for institutional clients and currently manages approximately $600 million of assets.

photo credit: Bridging Finance Inc.