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Behringer Selected as Adviser of Vertical Capital Income Fund

Behringer Advisors LLC has received approval from the board of the $160 million Vertical Capital Income Fund to serve as the fund’s new adviser.

Shareholders ratified Behringer’s role as new adviser by way of a majority vote, which was confirmed by the fund’s board of trustees.

Earlier this year, The DI Wire reported that the fund’s board of trustees selected Behringer to serve as interim adviser.

“Recently, Behringer was pleased to announce that the fund continues to outperform its benchmark, and furthermore, it has continued to perform well since Behringer became the interim adviser,” said Michael Cohen, president of the fund and president of Behringer Harvard Holdings LLC—parent company of Behringer Advisors. “The support of shareholders, their advisors and the board represents confidence in our capabilities to effectively manage the fund’s unique investment strategy.”

Vertical Capital Income Fund is a closed-end, continuously offered interval fund that primarily invests in residential whole mortgage loans and residential whole loans secured by deeds of trust. As a closed-end interval fund, it provides limited liquidity on a quarterly basis. The investment objective of the fund is to seek income.

Behringer creates and manages real estate investments through public and private fund structures, joint ventures and separately managed accounts. The company also offers strategic advisory, asset management, tax-deferred exchange and capital markets solutions. Investments sponsored and managed by the Behringer group of companies have invested into more than $11 billion in assets.

Visit Behringer in The DI Wire’s directory here.