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Stock impact report

Mount Logan Capital Inc. Announces Strategic Minority Investment in Leading North American Lending Platform [Canadian Business Journal (Canada)]

Runway Growth Finance Corp. (RWAY) 
BC Partners Credit agreed to indirectly acquire a majority stake in Runway Growth Capital LLC, an SEC registered investment adviser, managing approximately $14 billion in private credit assetsMount Logan purchasing the remaining minority stake in Runway through the issuanceof $5 million common shares of Mount LoganRunway focuses on providing $30 to $150 million senior loans to fast-growing North American companiesMount Logan and BC Partners’ investment benefits existing Runway investors through origination channel expansion, augmented capital availability and expanded investment solution capabilitiesMount Logan benefits from the alignment with a best-in-class manager in the high-growth venture lending space, further diversifying Mount Logan’s private credit capabilities and positioning the platform for additional asset growth through this new lending verticalNOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES ORFOR DISSEMINATION IN THE UNITED STATESTORONTO, Oct 31, 2024 (GLOBE NEW Show less Read more
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