Behringer Securities LP (Behringer) continues to evolve in an effort to offer advisors and investors investment strategies designed to address today’s market volatility.
Just yesterday, Behringer announced a strategic agreement with Meritage Capital, LLC (Meritage), a $1.2 billion boutique investment management firm, to develop a series of specialized investment funds.
“We’re pleased that this new venture brings together two senior management teams with a common philosophy for providing unique investment opportunities that support the critical objective of portfolio diversification,” said Frank Muller, CEO and President of Behringer Securities.
Meritage, founded in 2003 and based in Austin, Texas, works with family offices, individuals, and institutions providing differentiated hedge fund solutions. In partnership with Behringer, the asset manager will lead investment strategy while Behringer will head up capital raising efforts through its network of independent broker-dealers.
“Meritage Capital is pleased to offer liquid alternative solutions to the investment community and feels fortunate to have found a partner with Behringer’s expertise to collaborate with. This relationship allows us to focus on our core strength – the investment process,” said Alex Smith, CEO of Meritage Capital. “We share a common vision and excitement for the potential of this partnership.”
Behringer, mostly known for its real estate investment offerings, began expanding its investment solutions in 2012 by partnering with Prospect Capital Corporation, a NYC-based alternative asset manager, to offer alternative solutions attractive to advisors and investors.
The two firms co-sponsor two closed-end funds; Priority Income Fund, Inc., a closed-end fund that purchases equity and junior debt tranches in collateralized loan obligations, and PATHWAY Energy Infrastructure Fund, a closed-end fund that invests in the securities of energy related companies.
Yesterday’s announcement signals another innovative step for the 25-plus year company.
“This agreement is an important part of Behringer’s continued expansion of managers on our platform, and it further allows us to accomplish our goal of providing financial advisors with access to strategies and solutions that are highly relevant to today’s evolving investment marketplace,” said Bob Aisner, CEO of Behringer.
“We are able to offer a broader range of industry-leading specialized investments, beyond our core competencies in commercial real estate, due in no small part to the partnerships we have forged with select managers like Meritage Capital,” added Aisner.