Bridging Finance Inc. has appointed Robert Cacovic as Senior Managing Director, joining its deal team and based in Vancouver.
Cacovic has previously held several roles at TD Bank, most recently as Sales Manager where he was accountable for the growth of a book of business in excess of $2.3 Billion.
Cacovic holds a BA in Economics from University of Victoria.
“Bridging Finance is very pleased to have Mr. Cacovic join its team and is very well positioned for the continued growth and success of its operations. Having held positions in Vancouver, Calgary and Toronto, Mr. Cacovic’s experience makes him an ideal candidate to expand and grow the Company’s presence in Western Canada,” said David Sharpe, Chief Executive Officer of the Company.
“I am thrilled to be joining the team at Bridging Finance and eager to apply my knowledge and expertise of the mid-market in order to continue the Company’s growth in Western Canada. Having repeatedly established itself as one of Canada’s premier private debt lenders, Bridging Finance is poised for continued success and I look forward to assisting the Company in this exciting phase,” added Robert Cacovic.
Bridging Finance is a privately held Canadian company providing middle-market North American companies with alternatives to the financing options offered by traditional lenders. Lending proceeds, typically ranging from $3,000,000 to upwards of $50,000,000, 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.
Bridging Finance is the co-manager to the Sprott Bridging Income Fund LP and the Sprott Bridging RSP Fund. The Fund invests in factoring/private debt loans that have a low correlation to traditional asset classes. This asset class has traditionally been difficult for individual investors to access. Bridging Finance also offers portfolio management services for institutional clients. Bridging Finance manages approximately $600 million of assets.