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Hines Closing BDC in Early 2017

August 19, 2016

 

 


Hines Closing BDC in Early 2017

August 19, 2016 | by Beth Glavosek | Blue Vault

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On August 16, Hines Securities disclosed that the board of directors of HMS Income Fund authorized the closing of its continuous public offering of common stock to new investors on or about March 31, 2017. The board retained the right of final approval, including the right to either accelerate the closing or to continue a continuous public offering of common stock.

HMS Income Fund was formed on November 28, 2011. Its primary investment objective is to generate current income through debt and equity investments, and it invests primarily in illiquid debt and equity securities issued by lower middle market and middle market companies. As of June 30, 2016, the Fund had investments in 164 investments across a spectrum of lower middle market, middle market, and private loan debt and equity investments, and it had raised approximately $656 million from its initial offering and follow-on offering.

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Loreen M. Gilbert, CIMA, AIF, CRC, CLTC – President, WealthWise Financial Services
Blue Vault
July 6, 2016

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