Preferred Capital Securities LLC, an independent managing broker-dealer and the dealer manager for various offerings for Prospect Capital Corporation (NASDAQ: PSEC) and Preferred Apartment Communities (NYSE: APTS), has raised $3 billion in retail capital since the firm’s inception in 2011.
The company said that the “accomplishment was driven by exceeding individual and firm goals year-after-year across eight different offerings.”
“We are very proud of this milestone,” said Jeff Smith, chief executive officer of Preferred Capital Securities. “With a great team and a great suite of products it is easy to see how we got here. We look forward to the future and continued success for our investors through offering the very best available product sponsors. More to come in 2022 and beyond.”
In Preferred Capital Securities’ current offerings, they have raised $2+ billion for Preferred Apartment Communities, $300+ million for Prospect Capital Management, and $100+ million for Priority Income Fund.
Preferred Capital Securities focuses on both back-office services and the wholesale distribution of alternative investments to independent broker-dealers and registered investment advisors across the United States and Puerto Rico.
For more Preferred Capital Securities news, please visit their directory page.