Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Goldbridge Gets Seed Capital From Northill for Distressed Debt

Don't Miss Out —
Follow us on:

Oct. 3 (Bloomberg) -- Northill Capital LLP is providing financial backing to Goldbridge Capital Partners, a new European credit fund and distressed debt investor.

Goldbridge will buy the debt of companies trading at distressed levels and high-yield bonds. It has $100 million of equity and seed capital, according to a statement from Northill, a London-based investment firm founded by former BNY Mellon Asset Management Vice Chairman Jon Little.

“The current credit market crisis combined with the need for European banks to delever will lead to a significant number of new high-yield and distressed investing possibilities as businesses restructure,” Northill said in the statement. “Goldbridge will seek to profit from the opportunity presented by the refinancing glut.”

Gina Germano, formerly a portfolio manager at BlueBay Asset Management Ltd. and Dipankar Shewaram, the head of non-U.S. credit at Western Asset Management, founded Goldbridge.

To contact the reporter on this story: Patricia Kuo in London at pkuo2@bloomberg.net

To contact the editor responsible for this story: Faris Khan at fkhan33@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.