Priority Senior Secured Income Management, LLC (New York)

Name: Priority Senior Secured Income Management, LLC
Address: 10 East 40 Th Street, New York, NY, 10016
Telephone: 212-448-0702

Priority Senior Secured Income Management, LLC is a large advisory firm based in New York. It manages $418.32 million of regulatory assets for 1 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of Texas.

Priority Senior Secured Income Management provides portfolio management for investment companies. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Priority Senior Secured Income Management: assets under management

The assets under management (AUM) of Priority Senior Secured Income Management, LLC is $418.32 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 2570% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $418.32 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $418.32 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Priority Senior Secured Income Management, LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Priority Senior Secured Income Management serves?

The only and largest group of clients of Priority Senior Secured Income Management is investment companies with 1 clients and $418.32 million of assets under management. Among the 10 most similar advisory firms, Priority Senior Secured Income Management has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $418.32 million for 1 clients. None of the firm’s clients are foreign persons or businesses.

Priority Senior Secured Income Management doesn't advise any private funds.

Careers at Priority Senior Secured Income Management, LLC

The company employs 106 people that are either part- or full-time employees. 52 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Prospect Capital Management Llc	Member	1 Jul 2012	50% - 75%	131018
Grier M. Eliasek	Coo & president	1 Jul 2012	Other	6119265
Llc Behringer Harvard Holdings	Member	1 Jul 2012	50% - 75%	75-2967461
Michael David Cohen	Executive vp	1 Jul 2012	Other	6120280
John Francis Barry	Chairman & ceo	1 Jul 2012	Other	1995793
Prospect Capital Management L.P.	Member	1 Jul 2012	50% - 75%	131018
Llc Stratera Holdings	Member	1 Jul 2012	50% - 75%	75-2967461
Llc Behringer Harvard Priority Adviser Holdings	Member	1 Jul 2012	50% - 75%	46-0991502
Frank Vito Saracino	Cco, secretary & treasurer	1 Jul 2012	Other	2430311
Brian H Oswald	Cfo, cco, secretary & treasurer	1 Dec 2014	Other	6432679
Kristin Lea Van Dask	Cfo, cco, secretary & treasurer	1 Apr 2018	Other	5213098

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Robert Michael Behringer	Member	1 Dec 2001	25% - 50%	1063786
Llc Prospect Management Group	Member	1 Mar 2004	75% - 100%	06-1740630
John Francis Barry	Member	1 Oct 2004	75% - 100%	1995793

Based in New York

The principal office where Priority Senior Secured Income Management, LLC performs its advisory services is located at 10 East 40 Th Street, New York, NY 10016, which is also the mailing address of the firm. An additional office of the firm is in Dallas, TX. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-448-0702 or by fax 212-448-9652. The normal business hours are 8:30 am to 7:00 pm on Monday - Friday. You can find more information about the New York firm at prospectcapitalmanagement.com.