Mount Logan agrees to take over management of AFA Asset Based Lending Fund
MLCI•Mount Logan Management agreed to replace Alternative Fund Advisors as adviser to the approximately $230 million AFA Asset Based Lending Fund. The transaction is expected to close in the first quarter of 2027, subject to regulatory and shareholder approvals, and Mount Logan expects it to be immediately accretive to FRE upon closing.
1. Adviser transition
Mount Logan Management signed an agreement to replace Alternative Fund Advisors as adviser to AFA Asset Based Lending Fund. The fund manages approximately $230 million; the transaction would increase Mount Logan’s combined interval fund assets to approximately $460 million.
2. Expected closing
Closing is expected in the first quarter of 2027, subject to regulatory and shareholder approvals. The fund will be renamed Mount Logan Asset Based Lending Fund and retain its focus on asset-based lending and specialty finance. Mount Logan expects the transaction to be immediately accretive to FRE upon closing.
