RBC I&TS to be custodian for Bridging income funds

Bridging Finance Inc. has appointed RBC Investor & Treasury Services the custodian for the assets of two income funds.

RBC will be the custodian for the Bridging Income Fund LP and the Bridging Income RSP Fund, and will also provide fund accounting and shareholder services support, the firm said Thursday in a release. 

“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,” Bridging Finance CEO David Sharpe said in a statement.

Bridging Finance, an alternative credit investment management firm, provides mid-market North American companies alternative financing options. In October, it purchased from Ninepoint Partners LP the assets and co-management rights for the two funds, which were then called the Ninepoint Bridging Income Fund LP and the Ninepoint Bridging Income RSP Fund.

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