Pathway Energy Infrastructure Fund, Inc., a registered closed-end fund sponsored by a joint venture between Prospect Capital Management LP and Behringer Harvard Holdings, LLC, announced today that the fund has made its initial capital deployment in income-oriented investments focused on energy and related infrastructure and industrial sectors.David Belzer, Managing Director at Prospect, said:
"We are pleased that in the current environment, the Fund is able to take advantage of energy-market dislocation. Our strategy is also supported by strong long-term fundamentals driven by growing energy demand."
The fund's investment strategy focuses on income-oriented investments, including debt investments and income-focused preferred and common equity interests, of North American private or public companies that engage in the exploration, development, production, gathering, transportation, processing, storage, refining, distribution, mining, generation or marketing of natural gas, natural gas liquids, crude oil, refined products, coal and power.
The fund expects also to invest in other energy-related infrastructure and industrial companies with businesses engaged in, but not limited to, manufacturing, chemicals, infrastructure, logistics, materials, marketing, waste and environmental services, as well as other yield-oriented investments.
Headquartered in New York City, Prospect has more than $7.4 billion of capital under management (including undrawn credit facilities) as of June 30, 2015.
Behringer creates and manages real estate investments through public and private fund structures, joint ventures, and separately managed accounts. Investments sponsored and managed by the Behringer group of companies have invested into more than $11 billion in assets.