Mount Logan Expands Interval Fund Platform with Proposed AFA Asset Based Lending Fund Transaction
Tuesday, October 20, 2026 · first reported by Yahoo Finance
Mount Logan Capital Inc. (Nasdaq: MLCI) has signed a definitive agreement for its subsidiary Mount Logan Management LLC to take over as investment adviser to the AFA Asset Based Lending Fund from Alternative Fund Advisors, LLC. Under an asset purchase agreement, MLM acquires certain business records, intellectual property and goodwill tied to managing the fund.
The fund holds about $230 million, which would lift Mount Logan's interval fund assets to about $460 million. It will be renamed Mount Logan Asset Based Lending Fund at closing, expected in Q1 2027. Fund shareholders and regulators must approve; both boards have already approved.
- Also named
- Alternative Fund Advisors LLC
- Fund
- Mount Logan Asset Based Lending Fund (formerly AFA Asset Based Lending Fund)
- Geography
- North America
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Coverage
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