Apr 07. 16:26
Mount Logan Registers the Opportunistic Credit Interval Fund
Mount Logan registered the Opportunistic Credit Interval Fund (the "Fund") on 2/25/2022. The Fund aims to generate current income and capital appreciation via exposure to a range of credit instruments across the full credit cycle.
The strategy will allocate to private debt, structured equity, physical assets including aircraft leasing and renewable energy assets. The Fund also has a carve-out for event-driven credit, such as bridge loans and exit financing, along with stressed and distressed debt.
Notably, the Fund is the latest in a string of interval funds filed since early 2021 that plans to increase the capital available for sustainable infrastructure, that began with the Finite Solar Finance Fund and includes the Variant Impact Fund and the Cantor Fitzgerald Sustainable Infrastructure Fund.
The Fund's prospectus makes no mention of ESG, sustainability, or any claims to "green" bona fides, suggesting that Mount Logan sees a financial opportunity in solar credit that extends beyond meeting investor demand for eco-friendly, guilt-free products.
The Fund plans to offer a single share class, Class I, with a $1 million initial investment.
Mount Logan Management, LLC is a wholly-owned subsidiary of Canadian credit-focused asset manager Mount Logan Capital, with over $1.3 billion under management across its asset management and insurance businesses.
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