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Prospect’s Priority Income Fund passes USD200m milestone


Prospect Capital Management’s Priority Income Fund, which is designed to provide investors with current income from a portfolio invested in broad pools of senior secured loans, has now raised in excess of USD200 million in capital.

The fund primarily targets US companies that meet specified credit and diversity criteria,
"We are pleased to reach this important milestone," says Nishil Mehta (pictured), a principal of Prospect Capital Management. "We believe our commitment to providing investors with access to a strategy that offers attractive income potential, while also acting as an important portfolio diversifier, has been critical to this achievement."

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