Mount Logan Capital Inc. Announces Completion of SOFIX’s Asset Acquisition from the Yieldstreet Alternative Income Fund
Mount Logan Capital Inc. completed its acquisition of approximately $130 million in assets from the Yieldstreet Alternative Income Fund through its managed Opportunistic Credit Interval Fund (SOFIX), nearly doubling SOFIX's net assets. The transaction is expected to contribute over $3 million in incremental annual fee-related earnings, representing more than 40% of Mount Logan's FRE, and is immediately accretive to earnings per share. Mount Logan has also expanded SOFIX's retail distribution capabilities through a new third-party distribution partner and expanded internal sales team.