180 Degree Capital
180 Degree Capital, now operating as Mount Logan Capital Inc. (Nasdaq: MLCI) following a November 2025 merger, is a publicly listed asset manager and insurance solutions firm managing over $2 billion in AUM, serving institutional investors with credit investment management and annuity liability reinsurance through Sierra Crest Investment Management.
- Company typePublic
- Founded1983
- HeadquartersMontclair, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What 180 Degree Capital does
180 Degree Capital Corp. was a publicly traded registered closed-end management investment company (formerly Nasdaq: TURN), founded in 1983 and headquartered in Montclair, New Jersey. Following its business combination with Mount Logan Capital Inc., completed in November 2025, the entity was absorbed into a new publicly listed company operating as Mount Logan Capital Inc. (Nasdaq: MLCI), headquartered at 650 Madison Avenue, New York City. The combined firm manages over $2+ billion in assets under management across its investment and insurance subsidiaries.
The company's two core product lines are credit investment management, which delivers attractive risk-adjusted returns across market cycles, and an insurance/reinsurance vertical focused on reinsuring annuity liabilities, operated through Sierra Crest Investment Management. Together these segments generate recurring revenue streams tied to AUM and reinsurance arrangements. The technology stack is not technology-focused; the firm's value is built on specialized credit underwriting expertise, insurance liability management, and the institutional infrastructure of a SEC-regulated public company with audited financials by Deloitte & Touche LLP.
The business model is fee-based: recurring asset management fees on credit investments, recurring fee streams from Sierra Crest Investment Management's annuity reinsurance activity, and one-time proceeds from the January 2026 issuance of $40 million in 8.00% senior unsecured notes due 2031 (BBB- rated by Egan-Jones). The customer base is concentrated in institutional and professional investors seeking credit exposure and reinsurance counterparties seeking annuity liability transfer. Net asset value per share stood at $4.80 as of June 30, 2025, and the firm carries a very lean headcount of 1-10 employees.
180 Degree Capital firmographics
Firmographics- Name
- 180 Degree Capital
- Legal name
- Mount Logan Capital Inc.
- Website
- http://www.180degreecapital.com/
- Company type
- Public
- Founded year
- 1983
- Operating status
- Acquired
- Headcount range
- 1–10 employees
- Short description
- 180 Degree Capital, now operating as Mount Logan Capital Inc. (Nasdaq: MLCI) following a November 2025 merger, is a publicly listed asset manager and insurance solutions firm managing over $2 billion in AUM, serving institutional investors with credit investment management and annuity liability reinsurance through Sierra Crest Investment Management.
- Ownership category
- akta.pro rank
180 Degree Capital industry classification
Industry- Product category
- Asset Management
- NAICS
- Portfolio Management and Investment Advice (523940), Other Financial Investment Activities (5239)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Large-Cap Equity (Active) (FSAAAIAA)
- akta.pro secondary industries
- Equity Capital Advisory (Private Equity Placements, Growth Capital) (BPAHAOAE), Turnaround / Restructuring Private Equity Funds (FSANAKAC)
Keywords
Where 180 Degree Capital is headquartered
LocationHeadquarters
- HQ city
- Montclair
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
180 Degree Capital business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales
Revenue model
- Asset Management Fees: Recurring management fees from managing credit investments and other assets under management. Revenue generated through the business combination with Mount Logan Capital.
- Sierra Crest Investment Management: New recurring revenue stream initiated following the business combination with 180 Degree Capital, as part of Mount Logan Capital's operations.
- Senior Notes Issuance: Fixed income instruments issued to public markets; 8.00% senior unsecured notes due 2031, representing entry into U.S. public fixed income markets.
Distribution channels1 record
Marketing channels3 records
180 Degree Capital product offering
Product offeringCore offering
180 Degree Capital, through its successor Mount Logan Capital Inc., is a publicly listed asset manager and insurance solutions business. It delivers credit investment management services targeting attractive risk-adjusted returns across market cycles and operates an insurance vertical that reinsures annuity liabilities through Sierra Crest Investment Management, managing over $2+ billion in assets under management.
Product overview
180 Degree Capital, following its business combination with Mount Logan Capital Inc., operates as a publicly listed asset manager and insurance solutions business (Nasdaq: MLCI). The company offers two core product lines: credit investment management services delivering attractive risk-adjusted returns, and an insurance/reinsurance vertical focused on reinsuring annuity liabilities through Sierra Crest Investment Management. Together, these products generate recurring revenue streams while managing over $2+ billion in assets under management.
Differentiator
Problem solved
Functional benefit
Products and services
- Credit Investment Management
Quantifiable outcome
- Over $2 billion in AUM managed across investment and insurance subsidiaries
Companies that use 180 Degree Capital
Customer profileSegments1 record
Ideal customer profiles1 record
180 Degree Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
180 Degree Capital partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- Mount Logan Capital Inc.core180 Degree Capital Corp. completed a business combination with Mount Logan Capital Inc. The merger resulted in a new company listed on Nasdaq as Mount Logan Capital Inc., combining the investment management capabilities of both entities to enhance shareholder value and create a diversified asset management and insurance solutions business.
- Sierra Crest Investment ManagementcoreFollowing the business combination, Mount Logan Capital (successor to 180 Degree Capital) initiated a new recurring revenue stream from Sierra Crest Investment Management as part of the integrated operations.
Scale indicators4 records
Recent moves5 records
Expansion highlights5 records
180 Degree Capital competitors and assessment
Company assessmentBroad incumbents
- Blackstone Credit: Credit arm of Blackstone, the largest alternative asset manager, offering direct lending, mezzanine, and structured credit products that directly overlap with Mount Logan's credit investment management offering.
- Carlyle Credit: Credit segment of Carlyle Group, a global alternative asset manager with direct lending and structured credit strategies serving institutional investors — broadly comparable to Mount Logan's institutional credit focus.
- KKR Credit: Credit and structured credit business within KKR, including direct lending and asset-based finance, with growing insurance-linked capital via Global Atlantic — comparable in product breadth and institutional focus.
- Apollo Global Management: Diversified alternative asset manager with a massive credit franchise (Apollo Credit) and the Athene insurance platform, mirroring Mount Logan's credit + insurance/reinsurance structure at significantly larger scale.
Direct peers
- Owl Rock Capital (Blue Owl Capital): Publicly traded alternative asset manager with a credit franchise (Owl Rock Credit) and insurance solutions through Kuvare, a structure very similar to Mount Logan's dual credit/insurance model.
- Bain Capital Credit: Credit-focused business of Bain Capital, offering direct lending, mezzanine, and special situations strategies. Comparable to Mount Logan's credit investment management focus.
- Sixth Street: Large credit-oriented alternative asset manager with insurance partnerships (e.g., Elips Life). Highly comparable business mix to Mount Logan Capital's credit and insurance/reinsurance strategy.
- Whitehorse Capital: Specialty credit and private credit manager with insurance-linked capital, a smaller-scale direct peer mirroring Mount Logan's credit + insurance/reinsurance positioning.
- CIFC Asset Management: Publicly traded credit-focused asset manager specializing in CLOs and leveraged loans. Comparable in scale, public-market status, and credit-specialist positioning to Mount Logan Capital.
- Ares Management: Public alternative asset manager with a large credit-focused segment (Ares Credit Group) and growing insurance/reinsurance operations. Closest direct comparable to Mount Logan's credit-plus-insurance model.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights5 records
Customer concentration
180 Degree Capital social profiles
Digital presence180 Degree Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
180 Degree Capital leadership team
Management profileNumber of profiles
Profiles7 records
180 Degree Capital funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
180 Degree Capital M&A and investment
M&A and investmentM&A
Investments109 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about 180 Degree Capital
What does 180 Degree Capital do?
180 Degree Capital, through its successor Mount Logan Capital Inc., is a publicly listed asset manager and insurance solutions business. It delivers credit investment management services targeting attractive risk-adjusted returns across market cycles and operates an insurance vertical that reinsures annuity liabilities through Sierra Crest Investment Management, managing over $2+ billion in assets under management.
Is 180 Degree Capital a public or private company?
180 Degree Capital is a public company. It is classified as public and is currently acquired.
When was 180 Degree Capital founded?
180 Degree Capital was founded in 1983. It employs 1 to 10 people.
Where is 180 Degree Capital based?
180 Degree Capital is headquartered in Montclair, United States, in the North America region.
How does 180 Degree Capital make money?
Three revenue lines are on record. Asset Management Fees are the primary driver. The others are sierra Crest Investment Management and senior Notes Issuance.
Who are 180 Degree Capital's main competitors?
Broad incumbents on record are Blackstone Credit, Carlyle Credit, KKR Credit and Apollo Global Management. Direct peers are Owl Rock Capital (Blue Owl Capital), Bain Capital Credit, Sixth Street, Whitehorse Capital, CIFC Asset Management and Ares Management.
Does 180 Degree Capital have an API?
No public API is recorded for 180 Degree Capital.
What industry is 180 Degree Capital in?
180 Degree Capital's product category is Asset Management. Its primary akta.pro industry code is FSAAAIAA, Large-Cap Equity (Active), with a secondary code of BPAHAOAE, Equity Capital Advisory (Private Equity Placements, Growth Capital). Its NAICS code is 523940 and its SIC code is 6282.