Order: In the Matter of Bridging Finance Inc. et al.
IN THE MATTER OF
BRIDGING FINANCE INC., DAVID SHARPE, BRIDGING INCOME FUND LP, BRIDGING MID-MARKET DEBT FUND LP, BRIDGING INCOME RSP FUND, BRIDGING MID MARKET DEBT RSP FUND, BRIDGING PRIVATE DEBT INSTITUTIONAL LP, BRIDGING REAL ESTATE LENDING FUND LP, BRIDGING SMA 1 LP, BRIDGING INFRASTRUCTURE FUND LP, and BRIDGING INDIGENOUS IMPACT FUND
Timothy Moseley, Vice-Chair and Chair of the Panel
File No. 2021-15
December 22, 2021
ORDER
(Subsections 127(8), 127(2) and 127(1) of the
Securities Act, RSO 1990, c S.5)
WHEREAS the Ontario Securities Commission held a hearing in writing to consider a motion by Staff of the Commission to extend a temporary order issued on April 30, 2021, and extended on May 12, 2021 and August 10, 2021;
ON READING the materials filed by Staff and on considering that the respondents Bridging Income Fund LP, Bridging Mid-Market Debt Fund LP, Bridging Income RSP Fund, Bridging Mid-Market Debt RSP Fund, Bridging Private Debt Institutional LP, Bridging Real Estate Lending Fund LP, Bridging SMA 1 LP, Bridging Infrastructure Fund LP, and Bridging Indigenous Impact Fund (collectively, the BFI Funds) consent to the relief sought;
IT IS ORDERED THAT:
- pursuant to Rules 3 and 4(2) of the Ontario Securities Commission Rules of Procedure and Forms, (2019) 42 OSCB 9714(the Rules), the time required for service of Staff’s motion record is abridged;
- pursuant to Rule 23(3) of the Rules, this motion shall be heard in writing; and
- pursuant to subsections 127(8), 127(2) and paragraph 2 of subsection 127(1) of the Securities Act, until March 31, 2022, all trading in securities of the BFI Funds shall cease, except that PricewaterhouseCoopers Inc. in its capacity as receiver and manager, without security, of all the assets, undertakings and properties of Bridging Finance Inc. and the BFI Funds may trade in or facilitate the issuance or redemption of units of a BFI Fund with prior approval of the Ontario Superior Court of Justice.
“Timothy Moseley”
Timothy Moseley