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We hereby consent to the incorporation by reference in this Registration Statement on Form N-2 of our report dated July 28, 2026, relating to the financial statements of Regan Capital Alternative Income Fund, which are included in Form N-2 for the period ended June 15, 2026, and to the references to our firm under the headings “Independent Registered Public Accounting Firm” in the Prospectus and “Independent Registered Public Accounting Firm” and “Financial Statements” in the Statement of Additional Information.