Investment Announcement - Mount Logan Capital Inc. has completed a minority investment in Runway Growth Capital LLC, alongside BC Partners, acquiring the remaining ownership in Runway [1][2] - Mount Logan issued 2,693,071 common shares at a deemed price of C$2.67, based on the 20-day volume-weighted average price prior to January 27, 2025 [1] Strategic Partnership - Runway will continue to serve as the investment adviser to its managed funds, including Runway Growth Finance Corp., enhancing Mount Logan's capabilities in the North American credit markets [2] - Mount Logan's CEO expressed excitement about partnering with Runway to scale their financing solutions for late-stage growth platforms, leveraging Runway's expertise to expand product offerings [3] Company Profiles - Mount Logan Capital Inc. focuses on alternative asset management and insurance solutions, primarily in public and private debt securities in North America [5] - Runway Growth Capital LLC provides senior term loans of $30 million to $150 million to fast-growing companies in the U.S. and Canada, serving as an alternative to equity financing [9][10] - BC Partners is a leading international investment firm specializing in private equity, private debt, and real estate strategies, with a focus on identifying credit opportunities [11]
Mount Logan Capital Inc. Completes Strategic Minority Investment in Runway Growth Capital LLC