Preferred Capital Securities Reaches $4 Billion Capital Raise Milestone

January 24, 2023


Preferred Capital Securities LLC, an independent managing broker dealer, announced it achieved a milestone of raising more than $4 billion in retail capital since the firm’s inception in 2011.

“We are very proud of this achievement and excited for what is to come in 2023,” said Jeff Smith, chief executive officer of Preferred Capital Securities.  “We look forward to the continued success for our investors through offering the very best available product sponsors.”

In 2022, the company saw a record capital raise of over $250 million for Priority Income Fund. In PCS’s other current offerings, they have raised more than $1.2 billion for Prospect Capital Management, $65 million for WhiteHawk Energy and $22 million for NewStar Asset Management. PCS says it is “excited to create and achieve new goals for 2023 and continue to grow the firm with a team of financial service experts.”

Preferred Capital Securities is a third-party managing broker dealer focused on the wholesale distribution of alternative investments to independent broker-dealers and registered investment advisors across the United States and Puerto Rico. Since inception in 2011, the company has reportedly raised $4.1 billion in retail capital across eight offerings which have issued approximately $1 billion in liquidity for its investors.