Press Release

Logan Circle Partners Announces Launch of Registered Mutual Funds

Company Release - 2/3/2015 10:37 AM EST

PHILADELPHIA--(BUSINESS WIRE)-- Logan Circle Partners L.P. (“Logan Circle”) today announced the launch of the Logan Circle Partners Funds* ̶ a family of mutual funds that will broaden investor access to investment strategies previously offered exclusively to the firm's institutional clients. The Logan Circle Partners Core Plus Fund (Tickers: LPCIX, LPCYX) ̶ the fund family's first offering ̶ was launched on December 31, 2014 and is accepting new investors. Logan Circle is in the process of launching a High Yield Fund and has filed a registration statement for this fund with the Securities and Exchange Commission.

As the traditional investment arm within Fortress Investment Group (NYSE:FIG), Logan Circle is focused on asset management for institutional clients. Utilizing the firm’s foundation of credit research and security and sector selection, these recently established investment vehicles will provide investors an alternative means to access Logan Circle’s investment strategies. Accordingly, the Logan Circle Partners Funds will be available to investors through “Institutional” (I-Class) and “Retirement” (R-Class) share classes. The investment philosophy and process for each of the funds will be consistent with Logan Circle’s existing separately managed account strategies.

The Logan Circle Partners Funds will complement the firm’s existing long/short credit mutual fund: the Fortress Long/Short Credit Fund**, for which Logan Circle acts as investment manager. This fund is considered a liquid alternative strategy and is available to institutional and individual investors (Tickers: LPLIX, LPLRX, LPLAX, LPLCX).

Additionally, Logan Circle is the adviser to an SEI Trust Company-sponsored Collective Investment Trust vehicle, offering the Core Plus Collective Trust and Emerging Markets Debt Collective Trust to serve pension, profit sharing and governmental plans.

For additional information regarding the Logan Circle’s commingled investment vehicles, please visit www.logancirclepartners.com.

* Logan Circle Partners Funds have been established as a series of the Advisors’ Inner Circle Fund® III. Advisors’ Inner Circle is a turnkey bundled solution providing an independent board of trustees, compliance program, and operational infrastructure for mutual fund offerings.

** The Fortress Long/Short Credit Fund has been established as a series of the Northern Lights Fund Trust.

About Logan Circle Partners:

Logan Circle Partners is a traditional asset management company focused on the institutional market, with $31 billion in assets under management as of September 30, 2014. Founded in 2007, Logan Circle was acquired by Fortress Investment Group in April 2010 as its traditional asset management arm. Fortress is a leading global investment firm that manages assets on behalf of over 1,600 institutional clients and private investors worldwide across a range of private equity, credit, liquid hedge funds and traditional asset management strategies. Fortress is publicly traded on the New York Stock Exchange (NYSE: FIG).

Carefully consider the Logan Circle Partners Funds investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the fund's prospectus, which may be obtained by visiting www.logancirclepartners.com. Logan Circle Partners Funds are distributed by SEI Investments Distribution Co., 1 Freedom Valley Dr., Oaks, PA 19456, which is not affiliated with Fortress Investment Group, Logan Circle Partners or Northern Lights Distributors, LLC. Read the prospectus carefully before investing.

A registration statement relating to the securities of the Logan Circle Partners High Yield Fund has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This communication shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any State in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

Carefully consider the Fortress Long/Short Credit Fund investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the fund's prospectus, which may be obtained by calling 855-477-8100. The Fortress Long/Short Credit Fund is distributed by Northern Lights Distributors, LLC, member FINRA/SIPC, at 17605 Wright Street, Omaha, NE 68130. Logan Circle Partners, Fortress Investment Group, SEI Investments Distribution Co. and Northern Lights Distributors, LLC are not affiliated. Read the prospectus carefully before investing.

All investing is subject to risk, including the possible loss of principal.

The Logan Circle Partners Master Collective Investment Trust has been established for the collective investment of assets of participating tax qualified pension and profit sharing plans and related trusts, and governmental plans as more fully described in the Declaration of Trust. As bank collective trusts, the Logan Circle Partners Master Collective Investment Trust is exempt from registration as an investment company. The Logan Circle Partners Master Collective Investment Trust is managed by SEI Trust Company, the trustee, based on the investment advice of Logan Circle Partners, the investment adviser to the trust. SEI Trust Company is a subsidiary of SEI Investments Company (NASDAQ:SEIC), a leading global provider of investment operations solutions, investment processing and investment management.

The Logan Circle Partners Master Collective Investment Trust is for investment by “Eligible Plans” (as that term is defined in the Declaration of Trust for the Trust) only (generally retirement plans that are tax-qualified under Section 401(a) of the Internal Revenue Code and governmental plans established pursuant to Section 414(d) of the Internal Revenue Code). The information is provided solely for use by a fiduciary or service provider of such plans, and cannot be used or relied upon by any other person or entity.

Fortress Investment Group LLC
Gordon E. Runté, 1-212-798-6082

Source: Logan Circle Partners L.P.