BC Partners’ and Mount Logan Capital’s Opportunistic Credit Interval Fund passes over $100m AUM

• Opportunistic Credit Interval Fund (“SOFIX”) hits $100m milestone in April 2024 ahead of 2nd anniversary
• Fund has raised c.$30m since April alone, with SOFIX’s AUM reaching approximately $130m as of May 24th, 2024
• Fund targets attractive risk-adjusted returns via Private Lending & Structured Equity, Specialty Lending, and Dislocated Liquid Credit investments
• The fund focuses on the significant opportunity in the middle market for small and medium businesses, which are turning to non-traditional platforms as bank lending remains muted

BC Partners and Mount Logan Capital, today announced their Opportunistic Credit Interval Fund (“SOFIX” or “The Fund”) hit $100m in assets under management in April, underlining significant investor appetite and conviction in the Fund’s strong track record. Since reaching this important milestone, fund raising has accelerated and SOFIX’s AUM now stands at approximately $130m as of May 24th, 2024.

SOFIX, an all-weather total return strategy, has seen returns of 36.99% since inception with an annualized distribution of 12% as of March 31, 2024. The fund works to target private originations and secondary investments through three approaches: Private Lending & Structured Equity, Specialty Lending, and Dislocated Liquid Credit. SOFIX focuses on a broad sector allocation under these strategies, allowing for a diversified risk profile, with target sectors including financial services, industrials, technology, healthcare and consumer discretionary, among others.

Ted Goldthorpe, Partner and Head of Credit at BC Partners said: “The success of the Fund in drawing $130m in assets under management underlines the strength of our offering and track-record since inception, and builds off the successful opportunistic credit platform we’ve managed for institutional investors since 2017.”

Matthias Ederer, Partner at BC Partners and SOFIX Portfolio Manager added: “We believe the Fund’s flexible mandate and focus on the middle market are key differentiators, especially as large bank lending remains muted and regional banks move away from credit provisions. SOFIX is therefore able to capitalize on opportunities in higher yielding assets with strong downside protection across its target sectors as SMEs turn to non-traditional platforms for capital. Ultimately, we see significant opportunities through this Fund to deliver on investor interest in sourcing all-weather, targeted opportunities across the US and European middle markets.”

The successful raise follows BC Partners’ $400m investment in Riddell, announced in April 2024, with the firm providing a convertible preferred equity and debt commitment to the group to fund future growth and deliver returns to investors. SOFIX invested in both instruments.

The Fund remains open and is available for purchase on Schwab, Fidelity, Pershing, and other custodial platforms. BC Partners’ SOFIX is advised by Mount Logan Management, LLC.

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About BC Partners BC Partners is a leading international investment firm in private equity, private credit and real estate strategies. Established in 1986, BC Partners has played an active role in developing the European buyout market for three decades. Today, BC Partners executives operate across markets as an integrated team through the firm’s offices in North America and Europe. BC Partners Credit was launched in February 2017 and has pursued a strategy focused on identifying attractive credit opportunities in any market environment and across sectors, leveraging the deal sourcing and infrastructure made available from BC Partners. For further information, please visit https://www.bcpartners.com/

About Mount Logan Capital Inc. Mount Logan Capital Inc. is an alternative asset management and insurance solutions company that is focused on public and private debt securities in the North American market and the reinsurance of annuity products, primarily through its wholly-owned subsidiaries Mount Logan Management LLC (“ML Management”) and Ability Insurance Company (“Ability”), respectively. The Company also actively sources, evaluates, underwrites, manages, monitors and primarily invests in loans, debt securities, and other credit-oriented instruments that present attractive risk-adjusted returns and present low risk of principal impairment through the credit cycle. Ability is a Nebraska domiciled insurer and reinsurer of long-term care policies acquired by Mount Logan in the fourth quarter of fiscal year 2021. Ability is unique in the insurance industry in that its long-term care portfolio’s morbidity risk has been largely re-insured to third parties, and Ability is no longer insuring or re-insuring new long-term care risk.