The acquisition brings three interval funds, a BDC, and a $41 billion CLO and alternative credit business to the combined platform.
The firm reported a 14% QoQ increase in private wealth inflows, supported by growth across its evergreen funds and easing redemption pressure in its credit and real estate vehicles.
The proposed transaction will bring Mount Logan's combined interval fund AUM to approximately $460 million, with closing expected in Q1 2027.
CFO Kirill Bouek's resignation follows the departure of the non-traded BDC's President, Raymond Barrios, in August.
Patrick Wolfe has resigned as COO of BlackRock Private Credit Fund, BlackRock Direct Lending Corp., and BlackRock TCP Capital Corp., weeks after CEO Philip Tseng left the same three funds.
The former Sixth Street Senior Advisor will oversee portfolio construction for the firm's solutions, including credit secondaries and direct credit.
The equity commitments were raised across an evergreen fund, a closed-end venture debt fund, and a rated note offering.
Managing Director Jason Mehring will replace Tseng as Director, Board Chair, and CEO across three BlackRock BDCs.
The vote follows the board's termination of Octagon and clears the condition for the fund's previously announced liquidity plan.
We analyze the top-performing BDCs as of H1 2026 across one, three, and since-inception periods.
