RBC Investor & Treasury Services (RBC I&TS) has been appointed custodian by Bridging Finance, a Canadian alternative credit investment manager with over $1 billion of assets.
The mandate, which also includes fund accounting and shareholder services support, covers the assets of the Bridging Income Fund and the Bridging Income RSP Fund.
“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,” said David Sharpe, CEO, Bridging Finance.
RBC I&TS has struck a number of custody deals for Canadian alternative investment managers in recent months.
In November, it was appointed custodian by Picton Mahoney Asset Management on three liquid alternative mutual funds, and in October it was appointed custodian and fund services provider by First Block Capital its new FBC Distributed Ledger Technology Adopters exchange traded fund (ETF).
“This new mandate illustrates our reputation for delivering market-leading custody, fund administration and shareholder services,” said David Linds, head of asset servicing Canada, RBC I&TS.
“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.”