DALLAS, Jan. 16, 2014 /PRNewswire/ -- Priority Senior Secured Income Fund, Inc. (Priority) announced today its investments in nine separate collateralized loan obligations (CLOs). Priority is co-sponsored by Behringer Harvard Holdings, LLC (Behringer) and Prospect Capital Management, LLC ( Prospect).
"We made these initial investments in CLOs operating under the direction of experienced senior secured loan managers with track records that meet Priority's exacting investment criteria," said Robert J. Klein, a managing director of Prospect. "We are pleased that we have been able to identify such attractive opportunities to deploy our shareholders' capital, and we look forward to additional profitable deployments as we grow the capital base of Priority."
About Priority Senior Secured Income FundPriority Senior Secured Income Fund, Inc. is a registered investment program co-sponsored by Behringer Harvard Holdings, LLC (Behringer) and Prospect Capital Management, LLC ( Prospect). Priority Senior Secured Income Fund was created to acquire and grow an investment portfolio primarily consisting of senior secured loans or pools of senior secured loans known as collateralized loan obligations (CLOs). Such loans will generally have a floating interest rate and include a first lien on the assets of the respective borrowers, which typically are private and public companies based in the United States. For more information, visit priority -incomefund.com .
About Behringer Harvard Holdings, LLC Behringer creates, manages and distributes global institutional-quality alternative investment programs for individual and institutional investors. Behringer designs and delivers institutional-quality investment programs by leveraging in-house expertise and by forming relationships with best-in-class asset managers such as Prospect. Programs sponsored and managed by the Behringer group of companies have attracted equity of more than $6 billion and made investments into more than $11 billion in assets. For more information, contact our U.S. headquarters toll-free at 866.655.3600 or visit us online at behringerinvestments.com. About Prospect Capital Management, LLC Headquartered in New York City, Prospect is an SEC-registered investment advisor that, with its predecessors and affiliates, has a more than 25-year history of investing in and managing high-yielding debt and equity investments using both private partnerships and publicly traded closed-end structures. Prospect and its affiliates employ a team of approximately 100 professionals who focus on credit-oriented investments yielding attractive current income. Prospect manages one of the largest Business Development Companies, Prospect Capital Corporation (NASDAQ: PSEC), which is publicly traded with over $5.6 billion of capital under management (including undrawn credit facilities). For more information, call 212.448.0702 or visit prospectcapitalmanagement.com.
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