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, has made its initial capital deployment in income-oriented investments focused on energy and related infrastructure and industrial sectors.
"We are pleased that, in the current environment, the Fund is able to take advantage of energy-market dislocation," said David Belzer, managing director at Prospect. "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 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.