Bridging Finance Inc.

For the general concept of bridge financing, see bridge loan.
Bridging Finance Inc.
IndustryFinancial services
Fatein receivership with PricewaterhouseCoopers LLP the court-appointed receiver
Headquarters
Toronto, Ontario
,
Canada
Key people
David Sharpe, Natasha Sharpe, Andrew Mushore, Jenny Coco, Rock-Anthony Coco, Gary Ng, and Sean McCoshen
Productsprivate credit
Total assets$2.1 billion CAD (2021)[1]
Websitewww.bridgingfinance.ca

Bridging Finance Inc. was a Canadian private lender based in Toronto, Ontario, Canada that was placed in receivership by the Ontario Court of Justice following an investigation by the Ontario Securities Commission (OSC). Several of Bridging's former executives are under investigation by regulatory authorities in Ontario. These include David Sharpe, Natasha Sharpe, Andrew Mushore, Jenny Coco, Rock-Anthony Coco, Gary Ng, and Sean McCoshen. Investors in the firm's funds are expected to lose approximately 58-66% of their capital. That is one of the "largest collapses of an investment fund in Canadian history."[2] The Ontario Securities Commission discovered that former CEO David Sharpe, former Chief Investment Officer Natasha Sharpe and former Chief Compliance Officer, Andrew Mushore "committed fraud, misappropriated funds, made misleading and untrue statements and misled investigators."[3]

  1. ^ Cite error: The named reference Scrapped was invoked but never defined (see the help page).
  2. ^ McArthur, Greg; Kiladze, Tim (9 November 2022). "Bridging Finance under RCMP investigation amid private lender's collapse and $1.3-billion in expected losses". The Globe and Mail. Archived from the original on 25 December 2022. Retrieved 12 February 2023.
  3. ^ Shecter, Barbara (31 March 2022). "OSC alleges fraud, misappropriation of funds at Bridging Finance". Financial Post. Archived from the original on 2 April 2022. Retrieved 12 February 2023.