Expert Collections containing Bridgeport Financial Technology
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Bridgeport Financial Technology is included in 1 Expert Collection, including Fintech.
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
Latest Bridgeport Financial Technology News
Apr 3, 2020
News provided by Share this article SAN DIEGO, April 3, 2020 /PRNewswire/ -- Bridgeport Financial Technology is working with various counterparties to provide hedge fund investors with immediate liquidity through loan facilities collateralized by their fund investments. The company is poised to leverage key features of its private fund transaction and marketplace lending platform, BridgePort, in the wake of an anticipated surge in hedge fund redemption suspensions. Through a unique investor-to-investor ("i2i") marketplace lending feature, the BridgePort Liquidity Exchange ("BLX") matches liquidity seekers with liquidity note investors. BLX allows private fund managers to offer alternative liquidity optionality to investors, while avoiding portfolio disruption, asset valuation challenges and "fire sales", or interference with existing fund liquidity terms. Yield-seeking accredited investors can capture attractive risk-adjusted returns through the purchase of i2i notes with terms up to one year, and loan-to-value ("LTV") ratios up to 25%. BLX utilizes unique algorithms to assign proprietary collateral ratings based on key fund terms, underlying asset quality and liquidity, historical drawdowns, and additional portfolio metrics to calculate note LTVs and base rate spreads. BridgePort's encrypted SaaS platform streamlines the private fund lending process, while providing private fund constituents with a highly efficient and secure transactional environment. The single-sign-on, fully digitized, agnostic platform accommodates online investor capital transactions, multi-fund reporting, and custom liquidity optionality utilizing algorithmic-based portfolio analytics, digital dashboards and a related documentation vault. "The private fund industry is facing challenges similar in nature to those we saw in 2008, where there will be a wave of redemption suspensions, gates, valuation challenges and liquidity struggles between funds and their investors," said Christopher Nero, founder and CEO of Bridgeport Financial Technology. "BridgePort provides an ideal solution where private fund managers can avoid unnecessary portfolio disruption, fund investors can expedite access to a portion of their capital, and participating note investors can earn attractive risk-adjusted returns. The BridgePort platform allows us to accomplish this in a matter of days, where under even normal market conditions, investors wait multiple months or quarters to gain access to liquidity." About Bridgeport Financial Technology Bridgeport Financial Technology is a San Diego-based fintech company created by investors, for investors, to modernize the private fund investment experience through centralization, fluidity and liquidity. For more information, email inquiries to [email protected] , or visit www.bridgeportft.com . SOURCE Bridgeport Financial Technology
Bridgeport Financial Technology Frequently Asked Questions (FAQ)
When was Bridgeport Financial Technology founded?
Bridgeport Financial Technology was founded in 2018.
Where is Bridgeport Financial Technology's headquarters?
Bridgeport Financial Technology's headquarters is located at 6790 Embarcadero Lane #100, Carlsbad.
What is Bridgeport Financial Technology's latest funding round?
Bridgeport Financial Technology's latest funding round is Unattributed.
How much did Bridgeport Financial Technology raise?
Bridgeport Financial Technology raised a total of $2.5M.