Mr. Ken Thomson reports
MONTFORT CAPITAL COMPLETES ITS OBLIGATIONS UNDER LANGHAUS FINANCIAL PURCHASE AGREEMENT
Montfort Capital Corp.'s subsidiary, Langhaus Financial Partners Inc., has achieved certain financial targets, including assets under management (AUM) growth, which resulted in the release of contingent payments set out in the previously announced share purchase agreement. Langhaus has experienced significant growth since its acquisition by Montfort, announced in October, 2022, which was punctuated by a record month of new loan originations in December, 2023.
"This has been the strongest month of portfolio growth in Langhaus's seven-year lending history and a great finish to the year, having completed the terms of the purchase agreement," said Cory Bast, chief operating officer of Langhaus Financial. "We've expanded the client base of Langhaus and grown our AUM significantly in 2023. These results help drive Langhaus's AUM and bottom line results, and, by extension, Montfort's as well."
"Langhaus's impressive results will continue to be a growing contributor to Montfort's overall financial performance," said Ken Thomson, chief strategy officer of Montfort Capital. "As a leading independent provider of insurance-policy-backed loans that cater to high-net-worth individuals and entrepreneurs, Langhaus is another unique private credit strategy under the Montfort umbrella. We look forward to supporting their continued growth as private credit continues to expand and receive increasing investor awareness."
About Langhaus Financial
Partners Inc.
Langhaus is the leading non-bank provider of insurance-policy-backed lending solutions to high-net-worth individuals and entrepreneurs throughout Canada. Working co-operatively with Canada's major insurance companies and top advisers, the Langhaus team designs flexible lending programs in a way that best meets the needs of borrowers, with an expertise in structured finance transactions and complex borrower structures that fall outside the typical purview of Canadian banks.
About Montfort Capital Corp.
Montfort is a trusted provider of focused private credit strategies for institutional investors, family offices and wealth managers. It employs focused strategies, experienced management teams and advanced technology to drive superior risk-adjusted investment returns.
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