AIF’s Sale of Assets to SOFIX

Cleary Gottlieb represented the special committee of the board of directors of Yieldstreet Alternative Income Fund Inc. (AIF), a fund managed by Willow Asset Management LLC, in the acquisition of AIF’s assets by the Opportunistic Credit Interval Fund (SOFIX), a fund managed by Mount Logan Management LLC.

Consideration for the transaction will be at the closing net value of AIF’s shares, in a NAV-for-NAV exchange of newly issued shares of beneficial interests of SOFIX. The transaction is expected to increase SOFIX’s assets by over $100 million, nearly doubling the fund’s size.

Closing of the transaction, which is subject to AIF shareholder approval and other customary conditions, is currently expected to occur in late Q2 or Q3 2026.

For additional information, please see the press release.

The Cleary corporate team included partners John Mahon and Kyle Harris and associates Edna Turay and Adrianna Vallee.