Mount Logan Capital

Mount Logan Capital Inc. is an alternative asset management and insurance solutions company, focusing on public and private debt securities within the North American market. The company operates through two primary segments: Asset Management and Insurance. The asset management business, conducted through its SEC-registered subsidiary Mount Logan Management LLC, provides investment management, monitoring, and advisory services. The insurance operations are handled by its subsidiary, Ability Insurance Company, which originally focused on long-term care policies and is now a platform for reinsuring annuity products.

Originally known as Marret Resource Corp., the company was founded in 2008 and rebranded to Mount Logan Capital Inc. in October 2018. It is led by Chairman and CEO Ted Goldthorpe, an experienced executive with a background at BC Partners Credit, Apollo Investment Corporation, and Goldman Sachs. The company's business model centers on earning management, incentive, and servicing fees for managing investment vehicles. It actively sources, underwrites, and manages a portfolio of loans, debt securities, and other credit-oriented instruments.

Significant corporate developments include the acquisition of Ability Insurance Company in late 2021, a move that added approximately $900 million in invested statutory assets and expanded its capabilities into the reinsurance of annuities. In early 2025, Mount Logan entered into a definitive agreement to merge with 180 Degree Capital Corp. in an all-stock transaction, creating a combined entity to be listed on Nasdaq with a pro forma equity value of about $113.6 million. This merger is intended to establish a larger alternative asset management and insurance platform. The company has also made strategic investments, including acquiring a minority stake in Runway Growth Capital LLC, a provider of growth loans to companies, in a transaction that closed in early 2025.

Keywords: alternative asset management, private credit, public debt securities, insurance solutions, reinsurance, direct lending, specialty finance, investment management, credit investments, North American market, asset-backed lending, middle-market lending, annuity reinsurance, structured credit, financial services, corporate development, mergers and acquisitions, investment advisory, portfolio management, debt financing