Mr. Andrew Abouchar reports

MONTFORT CAPITAL ANNOUNCES LAUNCH OF NUVO FINANCIAL

Montfort Capital Corp. has launched a new strategic growth initiative, Nuvo Financial (Nuvo), which is focused on providing net asset value (NAV) loans to small and mid-sized investment funds in Canada. The new private credit growth initiative has received up to $50-million of financing from a Canadian chartered bank. Nuvo will leverage the core capabilities, resources and infrastructure of Montfort, which currently manages a diversified collection of consumer and commercial private credit strategies.

"Nuvo is adding to Montfort's private credit business by offering net asset value-backed loans, known as NAV loans, primarily to small and mid-sized private market fund managers. This is a specialized and fast-growing market in Canada and elsewhere," said Sam Hall, vice-president of Nuvo. "The new business reflects our commitment to growth and strategic innovation in scalable private credit products and underscores our deep sector knowledge and ability to develop new business opportunities in private credit."

NAV loans allow investment fund managers to borrow against the equity value of an investment fund. It is estimated that the U.S. market for NAV-based financings is between $80-billion to $100-billion, with about $30-billion of transactions financed in 2022. Given the continuing challenges in the private equity fundraising and exit environment, the NAV loan market continues to see tremendous growth.

About Montfort Capital Corp.

Montfort is a trusted provider of focused private credit strategies for accredited investors, family offices and the IIROC channel. It employs focused strategies, experienced management teams and advanced technology to drive superior risk-adjusted investment returns.

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