Private company

Logan Ridge Finance Corp.

In its 2025 annual report the company says: “We are an externally managed non-diversified closed-end management investment company incorporated in Maryland that has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended. We are managed by Mount Logan Management LLC, an investment adviser that is registered as an investment adviser under the Investment Advisers Act of 1940, as amended, and BC Partners Management LLC provides the administrative services necessary for us to operate.”4 It is headquartered in New York, New York.1

Last updated Oct 20, 2026.

Overview

  • HeadquartersNew York, New York1
  • Business address650 Madison Avenue, 3Rd Floor, New York, Ny 100222
  • Filer categoryNon-accelerated filer2

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We are an externally managed non-diversified closed-end management investment company incorporated in Maryland that has elected to be regulated as a business development company (“BDC”) under the Investment Company Act of 1940, as amended (the “1940 Act”). We commenced operations on May 24, 2013 and completed our initial public offering (“IPO”) on September 30, 2013. We are managed by Mount Logan Management LLC, an investment adviser that is registered as an investment adviser under the Investment Advisers Act of 1940, as amended (the “Advisers Act”), and BC Partners Management LLC provides the administrative services necessary for us to operate. For U.S. federal income tax purposes, we have elected to be treated as a regulated investment company (“RIC”) under subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”). The Company believes it qualified as a RIC under the …4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Net income56-$29.0K in 2024−98% since 2021
-$15.0M-$10.0M-$5.0M02021: -$1.9M-$1.9M20212022: -$12.0M-$12.0M2022+527%2023: -$2.5M-$2.5M2023−79%2024: -$29.0K-$29.0K2024−99%
Fiscal year20212022202320242025
Income tax$05$1006$06$06
Net income-$1.9M5-$12.0M6-$2.5M6-$29.0K6
Earnings per share-$0.715-$4.446-$0.926-$0.016
Earnings per share (diluted)-$0.715-$4.446-$0.926-$0.016
Shares (weighted, basic)2.7M shares52.7M shares62.7M shares62.7M shares6
Shares (weighted, diluted)2.7M shares52.7M shares62.7M shares62.7M shares6

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Corporate structure

Logan Ridge Finance Corp. sits at the top of its group. 7 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Logan Ridge Finance Corp.

  • Bulldog Investors, LLP Filed SCHEDULE 13G/A on Logan Ridge Finance Corp., latest Apr 3, 2025 (3 filings since Feb 13, 2023)
  • Charles Frischer Filed SC 13D/A on Logan Ridge Finance Corp., latest Dec 17, 2024 (4 filings since Dec 2, 2022)
  • PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. Filed SC 13D on Logan Ridge Finance Corp., latest Nov 9, 2023
  • Logan Ridge Finance Corp. New York, New York
    • Capitala Business Lending, LLC Subsidiary · Delaware, United States
    • CapitalSouth F-III, LLC Subsidiary · North Carolina, United States
    • CapitalSouth Fund III, L.P. Subsidiary · Delaware, United States
    • CapitalSouth Partners F-II, LLC Subsidiary · North Carolina, United States
    • CapitalSouth Partners Fund II Limited Partnership Subsidiary · North Carolina, United States
    • CPTA Master Blocker, Inc. Subsidiary · Georgia, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Logan Ridge Finance Corp. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$15.0M6 Dec 31, 2024$3.9M6 Dec 31, 2023+285.7%

Properties, in its own words

Our corporate headquarters are located at 650 Madison Avenue, 3rd Floor, New York, New York 10022, and are provided by our Administrator in accordance with the terms of the Administration Agreement. We believe that our office facilities are suitable and adequate for our business as it is contemplated to be conducted.

Item 2 of the 10-K filed Mar 13, 2025.4

Leadership

Who has led Logan Ridge Finance Corp., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Joseph B. Alala Iii.2014–2015
  2. Edward J. Goldthorpe2021–now

Chair

  1. Joseph B. Alala Iii.2014–2015

President

  1. Joseph B. Alala Iii.2014–2015
  2. Edward J. Goldthorpe2021–now

Chief financial officer

  1. Stephen A. Arnall2013–2018
  2. Jason T. Roos2021

Chief operating officer

  1. John F. McGlinn2013–2016
201520202025
Board members and other officers (18)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • CPTA Master Blocker, Inc. Georgia3
  • CapitalSouth F-III, LLC North Carolina3
  • CapitalSouth Fund III, L.P. Delaware3
  • CapitalSouth Partners F-II, LLC North Carolina3
  • CapitalSouth Partners Fund II Limited Partnership North Carolina3
  • Capitala Business Lending, LLC Delaware3

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • Capitala Finance Corp.Apr 10, 2013 to Jul 1, 20212

Timeline

  1. Jul 16, 20258-K Ended a material agreement; Completed an acquisition or sale; Listing notice or transfer31
  2. Jun 23, 20258-K Shareholder vote; Regulation FD disclosure32
  3. Jun 17, 20258-K Entered a material agreement; Regulation FD disclosure33
  4. Jun 3, 20258-K Regulation FD disclosure34
  5. May 8, 20258-K Results of operations35
  6. Mar 13, 20258-K Results of operations36
  7. Feb 4, 20258-K Entered a material agreement37
  8. Nov 7, 20248-K Results of operations38
  9. Sep 13, 20248-K Regulation FD disclosure39
  10. Aug 22, 20248-K Entered a material agreement; New debt or obligation; Regulation FD disclosure40
  11. Aug 9, 20248-K Results of operations41
  12. Jun 26, 20248-K Shareholder vote42
  13. Jul 21, 2021New chief executive Edward J. Goldthorpe becomes CEO10
  14. Nov 26, 2014New chief executive Joseph B. Alala Iii. becomes CEO11

Calendar

When it reported results

  1. May 8, 2025Reported quarterly or annual results35
  2. Mar 13, 2025Reported quarterly or annual results36
  3. Nov 7, 2024Reported quarterly or annual results38
  4. Aug 9, 2024Reported quarterly or annual results41
  5. May 8, 2024Reported quarterly or annual results43
  6. Nov 8, 2023Reported quarterly or annual results44
  7. Aug 9, 2023Reported quarterly or annual results45
  8. May 10, 2023Reported quarterly or annual results46

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

105 filings to the SEC since October 2021: 7 annual reports, 11 quarterly reports, 32 major events, 10 insider forms, 8 large holders, 37 other. The latest 20:

  1. Jul 25, 202515-12G EDGAR
  2. Jul 17, 20254 EDGAR
  3. Jul 17, 20254 EDGAR
  4. Jul 17, 20254 EDGAR
  5. Jul 16, 20258-K EDGAR
  6. Jul 15, 2025N-54C EDGAR
  7. Jun 23, 20258-K EDGAR
  8. Jun 17, 2025425 EDGAR
  9. Jun 17, 20258-K EDGAR
  10. Jun 11, 2025425 EDGAR
  11. Jun 6, 2025425 EDGAR
  12. Jun 6, 2025425 EDGAR
  13. Jun 3, 2025425 EDGAR
  14. Jun 3, 20258-K EDGAR
  15. May 27, 2025425 EDGAR
  16. May 27, 2025425 EDGAR
  17. May 23, 2025425 EDGAR
  18. May 23, 2025425 EDGAR
  19. May 15, 20254 EDGAR
  20. May 15, 20254 EDGAR

The 105 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

4 open-market trades by officers, directors and large owners since October 2021: 4 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
May 13, 2025Schafer PatrickChief Investment OfficerBuy281$17.69$5.0KForm 4
May 13, 2025Goldthorpe Edward J.President, CEOBuy836$17.75$14.8KForm 4
Nov 16, 2021Schafer PatrickChief Investment OfficerBuy500$25.45$12.7KForm 4
Nov 15, 2021Schafer PatrickChief Investment OfficerBuy500$24.99$12.5KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Logan Ridge Finance Corp. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARLogan Ridge Finance Corp.1
  • CIK0001571329
  • Employer ID (EIN)90-09456754
  • Filer statusNon-accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company4
  • Incorporated inMaryland4
  • Fiscal year endsDecember 311
  • Business address650 Madison Avenue, 3Rd Floor, New York, NY 100221
  • Phone212-891-28801
  • Shares outstanding2,655,973 as of May 2, 20258
  • Public float$59.9M as of Jun 30, 20244
  • AuditorDeloitte & Touche LLP, New York, New York PCAOB ID 34; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceApr 10, 20131
  • Filings545 in all: 8-K (118), 4 (116), CORRESP (40), 10-Q (35), 425 (28), 3 (19), N-2/A (16), 497AD (14)1
    All 48 form types

    10-K (12), 40-17G (12), DEF 14A (12), DEFA14A (11), EFFECT (10), 497 (9), 4/A (7), 40-APP/A (7), N-2 (7), PRE 14A (7), SC 13G/A (5), 40-APP (4), 8-A12B (4), POS 8C (4), UPLOAD (4), 10-K/A (3), 25-NSE (3), 40-33 (3), CERTNAS (3), POS EX (3), SC 13D/A (3), SC 13G (3), 5 (2), APP NTC (2), APP ORDR (2), N-23C-2 (2), SC 13D (2), 15-12G (1), 25-NSE/A (1), 40-17G/A (1), 424B3 (1), D (1), DRS (1), DRS/A (1), N-14 8C (1), N-14 8C/A (1), N-54A (1), N-54C (1), N-6F (1), SCHEDULE 13G/A (1)

  • Latest filingsAnnual report (10-K) Mar 13, 2025
    Quarterly report (10-Q) May 8, 2025
    Proxy statement (DEF 14A) Apr 29, 2024
    Latest 8-K (8-K) Jul 16, 2025

Securities registered for trading

ClassSymbolExchange
Common Stock, par value $0.01 per shareLRFCNASDAQ Global Select Market

From the cover page of the 10-K filed Mar 13, 2025 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

The risks Logan Ridge Finance Corp. names in Item 1A of its 10-K filed Mar 13, 2025: 76 risks under these headings, as written.4

  • Risks Relating to Our Business and Structure
  • The announcement and pendency of the merger with PTMN could adversely affect the Company’s businesses, financial results and operations.
  • Most stockholders will experience a reduction in percentage ownership and voting power in the combined company as a result of the Mergers.
  • The termination of the Merger Agreement could negatively impact the Company.
  • The Merger Agreement limits the ability of the Company to pursue alternatives to the Mergers.
  • The Company will be subject to operational uncertainties and contractual restrictions while the Mergers are pending.
  • If the Mergers do not close, the Company will not benefit from the expenses it has incurred in pursuit of the Mergers.
  • Litigation filed against PTMN or the Company in connection with the Mergers could result in substantial costs and could delay or prevent the Mergers from being completed.
  • The Mergers are subject to closing conditions, including stockholder approvals, that, if not satisfied or (to the extent legally allowed) waived, will result in the Mergers not being completed, which may result in material adverse consequences to the business and operations of the Company.
  • Our Board may change our investment objective, operating policies and strategies without prior notice or stockholder approval, the effects of which may be adverse to our results of operations and financial condition.
  • Price declines in the medium- and large-sized U.S. corporate debt market may adversely affect the fair value of our portfolio, reducing our net asset value through increased net unrealized depreciation.
  • Capital markets may experience periods of disruption and instability. These market conditions could materially adversely affect the Company’s business, financial condition and results of operations.
The other 65 risks
  • Adverse developments in the credit markets may impair our ability to secure debt financing.
  • Further downgrades of the U.S. credit rating, impending automatic spending cuts, another government shutdown or a failure to raise the statutory debt limit of the United States could negatively impact our liquidity, financial condition and earnings.
  • If we cannot obtain additional capital because of either regulatory or market price constraints, we could be forced to curtail or cease our new lending and investment activities, our net asset value could decrease and our level of distributions and liquidity could be affected adversely.
  • Terrorist attacks, acts of war or natural disasters may affect the market for our common stock, impact the businesses in which we invest and harm our business, operating results and financial condition.
  • The ongoing military conflict between Russia and Ukraine and the ongoing military conflict in the Middle East may have a material adverse impact on us and our portfolio companies.
  • Economic sanction laws in the United States and other jurisdictions may prohibit us and our affiliates from transacting with certain countries, individuals and companies.
  • Major public health issues could have an adverse impact on our financial condition and results of operations and other aspects of our business.
  • Our investments in the healthcare and pharmaceutical services industry sector are subject to extensive federal, state and local healthcare laws and regulations and certain other risks particular to that industry.
  • The U.S. capital markets have experienced extreme volatility and disruption over the past several years.
  • Our ability to achieve our investment objective depends on the ability of the Investment Adviser to manage and support our investment process. If the Investment Adviser were to lose any members of their respective senior management teams, our ability to achieve our investment objective could be significantly harmed.
  • Any inability of our Investment Adviser to maintain or develop strong referral relationships, or the failure of these relationships to generate investment opportunities, could adversely affect our business.
  • We operate in a highly competitive market for investment opportunities, which could reduce returns and result in losses.
  • We may have difficulty sourcing investment opportunities.
  • As required by the 1940 Act, a significant portion of our investment portfolio is and will be recorded at fair value as determined by the Investment Adviser in its role as valuation designee, subject to the ultimate oversight of our Board and, as a result, there is and will be uncertainty as to the value of our portfolio investments.
  • The involvement of our interested directors in the valuation process may create conflicts of interest.
  • There is a risk that investors in our equity securities may not receive distributions consistent with historical levels or at all, or that our distributions may not grow over time and a portion of our distributions may be a return of capital.
  • We have not established any limit on the amount of funds we may use from available sources, such as borrowings, if any, to fund distributions (which may reduce the amount of capital we ultimately invest in assets).
  • Changes in laws or regulations governing our operations may adversely affect our business or cause us to alter our business strategy.
  • Changes to U.S. tariff and import/export regulations may have a negative effect on our portfolio companies and, in turn, harm us.
  • As a publicly traded company, we are subject to increasingly complex corporate governance, public disclosure and accounting requirements that are costly and could adversely affect our business and financial results.
  • If we fail to maintain an effective system of internal control over financial reporting, we may not be able to accurately report our financial results or prevent fraud. As a result, stockholders and noteholders could lose confidence in our financial and other public reporting, which would harm our business.
  • There is uncertainty surrounding potential legal, regulatory and policy changes by new presidential administrations in the United States that may directly affect financial institutions and the global economy.
  • The impact of financial reform legislation on us is uncertain.
  • We may experience fluctuations in our quarterly and annual results.
  • Any unrealized depreciation we experience on our loan portfolio may be an indication of future realized losses, which could reduce our income available for distribution.
  • The Company may incur additional leverage.
  • We are highly dependent on information systems and systems failures could significantly disrupt our business, which may, in turn, negatively affect the market price of our common stock and our ability to make distributions to our stockholders.
  • We, the Investment Adviser and our portfolio companies are subject to cybersecurity risks and cyber incidents which may adversely affect our business, financial condition and operating results.
  • Internal and external cyber threats, as well as other disasters, could impair our ability to conduct business effectively.
  • Inflation may adversely affect our business and operations and those of our portfolio companies.
  • Risks Related to the Investment Adviser and its Affiliates
  • The Investment Adviser may not be able to achieve the same or similar returns as those achieved for other funds it currently manages or by its investment team while they were employed at prior positions.
  • The Investment Adviser and its affiliates, including our officers and some of our directors, face conflicts of interest caused by compensation arrangements with us and our affiliates, which could result in actions that are not in the best interests of our stockholders.
  • There are significant potential conflicts of interest that could negatively affect our investment returns.
  • We may be obligated to pay the Investment Adviser incentive compensation even if we incur a net loss due to a decline in the value of our portfolio, and the incentive fee may be calculated using income that has not yet been received.
  • The Investment Adviser is not obligated to reimburse us for any part of the incentive fee it receives that is based on accrued income that we never receive.
  • There may be conflicts of interest related to obligations that the Investment Adviser’s senior management and investment team has to other clients.
  • The time and resources that individuals employed by the Investment Adviser devote to us may be diverted and we may face additional competition due to the fact that individuals employed by the Investment Adviser are not prohibited from raising money for or managing other entities that make the same types of investments that we target.
  • Our base management and incentive fees may induce the Investment Adviser to make speculative investments or to incur leverage.
  • Shares of our common stock may be purchased by the Investment Adviser or its affiliates.
  • We depend upon our Investment Adviser’s key personnel for our future success.
  • The Investment Adviser may retain additional consultants, advisers and/or operating partners to provide services to the Company, and such additional personnel will perform similar functions and duties for other organizations which may give rise to conflicts of interest.
  • The terms of the Investment Advisory Agreement and the Administration Agreement were determined without independent assessment on our behalf, and these terms may be less advantageous to us than if such terms had been the subject of arm’s-length negotiations.
  • The Investment Adviser’s influence on conducting our operations gives it the ability to increase its fees, which may reduce the amount of cash flow available for distribution to our stockholders.
  • Our Investment Adviser’s liability is limited under the Investment Advisory Agreement, and we have agreed to indemnify the Investment Adviser against certain liabilities, which may lead the Investment Adviser to act in a riskier manner on our behalf than it would when acting for its own account.
  • Our Investment Adviser has the right to resign on 60 days’ notice, and we may not be able to find a suitable replacement within such time, resulting in a disruption in our operations that could adversely affect our financial condition, business and results of operations.
  • The investment committee and other investment professionals of the Investment Adviser may, from time to time, possess material non-public information about or related to our portfolio companies, limiting our investment discretion.
  • Risks Related to Business Development Companies
  • The requirement that we invest a sufficient portion of our assets in qualifying assets could preclude us from investing in accordance with our current business strategy; conversely, the failure to invest a sufficient portion of our assets in qualifying assets could result in our failure to maintain our status as a BDC.
  • Failure to maintain our status as a BDC would reduce our operating flexibility.
  • Regulations governing our operation as a BDC affect our ability to raise additional capital and the way in which we do so. As a BDC, the necessity of raising additional capital may expose us to risks, including the typical risks associated with leverage.
  • Our ability to enter into new transactions with our affiliates, and to restructure or exit our investments in portfolio companies that we are deemed to “control” under the 1940 Act, will be restricted by the 1940 Act, which may limit the scope of investment opportunities available to us.
  • We are uncertain of our sources for funding our future capital needs; if we cannot obtain debt or equity financing on acceptable terms, our ability to acquire investments and to expand our operations will be adversely affected.
  • We are a non-diversified investment company within the meaning of the 1940 Act, and therefore we are not limited with respect to the proportion of our assets that may be invested in securities of a single issuer.
  • Our portfolio may be concentrated in a limited number of industries, which may subject us to a risk of significant loss if there is a downturn in a particular industry in which a number of our investments are concentrated.
  • If our portfolio companies are unable to protect their proprietary, technological and other intellectual property rights, our business and prospects could be harmed, and if portfolio companies are required to devote significant resources to protecting their intellectual property rights, the value of our investment could be reduced.
  • The effect of global climate change may impact the operations of our portfolio companies.
  • Risks Related to Our Investments
  • Our investments in prospective portfolio companies may be risky, and we could lose all or part of our investment.
  • First Lien Loans and Second Lien Loans.
  • Collateralized Securities, Structured Products and Other.
  • If we make subordinated investments, the obligors or the portfolio companies may not generate sufficient cash flow to service their debt obligations to us.
  • If the assets securing the loans that we make decrease in value, then we may lack sufficient collateral to cover losses.
  • Our investments in securities rated below investment grade are speculative in nature and are subject to additional risk factors such as increased possibility of default, illiquidity of the security, and changes in value based on changes in interest rates.
  • To the extent original issue discount and PIK interest constitute a portion of our income, we will be exposed to typical risks associated with such income being required to be included in taxable and accounting income prior to receipt of cash representing such income.
  • Our investments in leveraged portfolio companies may be risky, and we could lose all or part of our investment.
  • Our portfolio companies may incur debt that ranks equally with, or senior to, our investments in such companies.
  • Investment in private and middle market companies involves a number of significant risks.

Legal proceedings

We and our subsidiaries are not currently subject to any material legal proceedings, nor, to our knowledge, is any material legal proceeding threatened against us or our subsidiaries. From time to time, we, or our subsidiaries may be a party to certain legal proceedings in the ordinary course of business, including proceedings relating to the enforcement of our rights under contracts with our portfolio companies. Our business is also subject to extensive regulation, which may result in regulatory proceedings against us. While the outcome of these legal proceedings, if any, cannot be predicted with certainty, we do not expect that these proceedings will have a material effect upon our financial condition or results of operations.

The opening of Item 3, Legal Proceedings.4

Sources

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