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Client Work

Ridgewood Canadian Investment Grade Bond Fund raises US$9.3 million through private placement

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Overview

Client

Ridgewood Capital Asset Management

On November 5, 2013, Ridgewood Capital Asset Management Inc. (“Ridgewood”) announced the closing of a private placement which raised aggregate gross proceeds of approximately $9.3 million for Ridgewood Canadian Investment Grade Bond Fund (the “Fund”) in exchange for the issuance of 717,100 Units of the Fund.

Ridgewood Capital Asset Management Inc. is an independent investment manager that manages approximately $1.1 billion in assets for a diversified client base of high net worth individuals, foundations/endowments, First Nation mandates and institutional accounts, of which approximately $650 million is invested in fixed income assets.

Ridgewood was advised on this matter by Fasken Martineau with a team comprised of Tracy Hooey, Daniel Fuke, and Jack Yu (Corporate/Securities).

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