Omni Bridgeway announces sale of participation in Fund 1 to Gerchen Capital Partners

Omni Bridgeway has entered into a term sheet to sell a participation in Fund 1 to Gerchen Capital Partners for an initial payment of US$38.0 million and a deferred fair value of Omni Bridgeway’s retained residual interest in the Fund, recorded on its financial statements, at US$35.7 million. The transaction is subject to documentation and is expected to close prior to the end of this financial year.