Mount Logan Capital's Mount Logan Management To Become New Investment Adviser To The AFA Asset Based Lending Fund, Acquiring Certain Business Records, IP And Goodwill Off AFA; Move Will Bring Mount Logan’s Interval Fund AUM To ~$460M

Mount Logan Capital Inc. (NASDAQ:MLCI) ("Mount Logan") today announced that Mount Logan Management LLC, its wholly owned registered investment adviser ("MLM"), has entered into a definitive agreement to become the new investment adviser to the AFA Asset Based Lending Fund ("Fund") (the "Transaction"). In connection with the Transaction, MLM and Alternative Fund Advisors, LLC ("AFA"), the Fund’s current investment adviser, have entered into an Asset Purchase Agreement (the "APA") pursuant to which MLM will acquire certain business records, intellectual property, and goodwill of AFA related to the management of the Fund.

The Fund will be MLM’s second evergreen credit interval fund, complementing MLM’s Opportunistic Credit Interval Fund. Together, the two funds establish a scaled, differentiated product suite for the private wealth channel, spanning asset-based specialty finance and opportunistic corporate credit.

Upon closing, the Fund will be renamed Mount Logan Asset Based Lending Fund. It will continue to provide access to a broadly diversified range of asset-based lending and specialty finance credits. Fund shareholders are expected to benefit from MLM’s scale, resources and extensive in-house origination capability. The Fund manages approximately $230 million in assets from a wide range of investors, particularly those interested in diversifying their fixed income portfolios.

The Transaction will bring MLM’s combined interval fund assets to approximately $460 million. Mount Logan currently expects the Transaction will be immediately accretive to FRE upon closing.