Mergers & Acquisitions ·
Mount Logan agrees to acquire AFA Asset Based Lending Fund for up to $4.6M
MLCIMount Logan Capital Inc.
Mount Logan Capital Inc.'s subsidiary, Mount Logan Management LLC, entered into an Asset Purchase Agreement to acquire the goodwill, intellectual property, and books and records related to Alternative Fund Advisors' management of the AFA Asset Based Lending Fund. The total consideration is up to $4,600,000, comprising a $300,000 cash payment at closing and deferred installments subject to performance adjustments. Upon closing, expected in Q1 2027, Mount Logan will become the new investment adviser, renaming the fund and bringing its interval fund assets under management to approximately $460 million. The transaction is contingent on shareholder approval and regulatory consents. Mount Logan Capital Inc. operates as an integrated alternative asset management and insurance solutions firm.