HRC Financial Group Partners to Distribute Credit Funds

HRC Financial Group entered into a partnership with Sierra Crest Investment Management and Mount Logan Management to offer investors two new credit funds: the Opportunistic Credit Interval Fund (OCIF) and Alternative Credit Income Fund (ACIF).

October 25, 2023 BC Partners | HRC Financial Group¸ Mount Logan Capital | Mike Terwilliger | Ted Goldthorpe | Tim Reick Ian Koplin

Mount Logan Capital to Acquire Ovation Partners’ Alternative Income Platform

Mount Logan Capital entered into a definitive agreement with Ovation Partners, an Austin, TX-based specialty finance focused asset manager, for the management of Ovation’s $254 million alternative income platform.

January 31, 2023 Mike Rovner | Mount Logan Capital | Ovation Partners | Ted Goldthorpe Ian Koplin

Mount Logan Capital Inc. Expands Credit Facility to Fund Seed Investment in New Interval Fund

Mount Logan Capital, as borrower, entered into an amendment to its existing credit agreement dated August 20 to increase the term loan available pursuant to the credit agreement by $4.5 million for a total facility size of up to $28.5 million.

September 20, 2022 MLC US Holdings | Mount Logan Capital | Opportunistic Credit Interval Fund | Ted Goldthorpe Ian Koplin

KeyBank Amends and Increases Credit Facility with Logan Ridge Finance by $50MM

Logan Ridge Finance refinanced its entire legacy capital structure, an important milestone and key strategic initiative for the company.

May 11, 2022 KeyBank | Logan Ridge Finance | Ted Goldthorpe Ian Koplin

Mount Logan Capital Procures $25MM Corporate Credit Facility

Mount Logan Capital’s wholly-owned subsidiary, MLC US Holdings, entered into a credit agreement, as borrower, with a U.S.-based asset manager as administrative agent and collateral agent for the lenders in respect of a term loan for an initial amount of up to $25 million.

August 23, 2021 Ability Insurance Company | MLC US Holdings | Mount Logan Capital | Ted Goldthorpe Ian Koplin

BC Partners Credit Launches GP and NAV-Based Financing Strategies

BC Partners Credit launched GP and NAV-based financing strategies, with Tom Glover serving as operating advisor. The strategy will address the private equity industry’s growing demand for non-dilutive debt and preferred equity capital.

May 17, 2021 BC Partners Credit | Ted Goldthorpe | Tom Glover Ian Koplin

Harvest Capital Credit and Portman Ridge Finance to Merge

Harvest Capital Credit (HCAP) and Portman Ridge Finance (PTMN) entered into a definitive agreement under which HCAP will merge with and into PTMN, a business development company managed by Sierra Crest Investment Management.

December 28, 2020 BC Partners Advisors | Business development companies | Dechert | Harvest Capital Credit | Joseph Jolson | Keefe Bruyette & Woods | Portman Ridge Finance | Sierra Crest Investment Management | Simpson Thacher & Bartlett | Ted Goldthorpe Phil Neuffer

Portman Ridge Finance Merges with Garrison Capital

Portman Ridge Finance and Garrison Capital have merged. The combined company will be externally managed by Sierra Crest Investment Management.

November 2, 2020 Bruyette & Woods | Eversheds Sutherland | Garrison Capital | Keefe | Portman Ridge Finance Corporation | Proskauer Rose | Sierra Crest Investment Management | Simpson Thacher & Barlett | Ted Goldthorpe Ellie Delany

Garrison Capital Merges with Portman Ridge Finance

Garrison Capital and Portman Ridge Finance entered into a definitive agreement under which Garrison Capital will merge with and into Portman Ridge Finance, which is a business development company managed by Sierra Crest Investment Management.

June 25, 2020 BC Partners Advisors | Eversheds Sutherland | Garrison Capital | Garrison Capital Advisers | Garrison Investment Group | Joseph Tansey | Keefe Bruyette & Woods | LibreMax Capital | Portman Ridge Finance | Proskauer Rose | Sierra Crest Investment Management | Simpson Thacher & Bartlett | Ted Goldthorpe Phil Neuffer