Bridging Finance selects RBC I&TS as custodian 31 January 2019Toronto Reporter: Jenna Lomax
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RBC Investor & Treasury Services (RBC I&TS) has been appointed custodian by Bridging Finance for the assets of the Bridging Income Fund LP and the Bridging Income RSP Fund.
RBC I&TS will also provide fund accounting and shareholder services support to Bridging Finance.
Bridging Finance provides middle-market North American companies with alternatives to the financing options offered by traditional lenders.
David Sharpe, CEO of Bridging Finance, said: “The Bridging Income Fund LP recently celebrated its fifth anniversary and we wanted to ensure it and the Bridging Income RSP Fund continued to be well managed.”
He added: “We have worked with RBC I&TS for almost three years and know they possess the products, solutions and client service to help us with our needs and we look forward to our direct relationship with them as sole manager of the funds.”
David Linds, managing director and head of asset servicing Canada, commented: “This new mandate illustrates our reputation for delivering market-leading custody, fund administration and shareholder services.”
He added: “Our new relationship with Bridging Finance strongly reflects our focus on partnering with asset managers to find innovative opportunities to support our clients’ growth ambitions.”
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