Opportunistic Credit Interval Fund
SOFIX
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- Opportunistic Credit Interval Fund (SOFIX) is a registered 1940 Act interval fund that implements an all-weather credit strategy targeting private originations and secondary investments in the US and European middle markets, with a focus on the least competitive segments; it emphasizes privately originated opportunistic credit across special situations such as event-driven and distressed debt including liquidations and loan-to-own investments, as well as private capital solutions encompassing direct lending, regulatory capital trades, mortgage servicing rights, aircraft leasing deals, and other flexible financing for middle-market companies. The Fund seeks current income and capital appreciation through liquid and illiquid strategies, maintains liquid securities or cash equivalents to meet quarterly repurchase offers of no less than 5% of outstanding shares, and targets quarterly distributions to shareholders. It operates without restrictions on instrument maturity, structure, seniority, interest rate formulas, currency, or issuer credit quality, including lower-rated leveraged loans, emerging market debt, structured credit like CLOs and ABS, convertible securities, options, futures, and short positions. Headquartered in New York, NY, at 650 Madison Avenue, the Fund was incepted on July 1, 2022, with a minimum investment of $1,000,000 for Class I shares (CUSIP unavailable in public filings), managed by Mount Logan Management LLC, a subsidiary of Mount Logan Capital Inc., which leverages resources from BC Partners Advisors L.P., an international investment firm founded in 1986 with offices in New York, London, Paris, and Hamburg. Recent developments include the initial SEC registration filing in February 2022 by Mount Logan Management for Class I shares only, aligning the strategy with BC Partners' closed BC Special Opportunities Fund II ($1.2 billion commitments in December 2021), and a contractual fee waiver through at least February 1, 2026, limiting Class I net expenses to 2.50% annually (excluding incentive fees, borrowings, and certain other costs) amid estimated gross expenses of 5.77%. The Fund continues to offer quarterly liquidity and distributions, with performance net of fees available via toll-free inquiry, reflecting adaptability to credit cycle dynamics amid retrenching capital sources.