Prospect Capital Corporation

Prospect Capital Corporation is a business development company. It specializes in middle market, mature, mezzanine finance, later stage, emerging growth, leveraged buyouts, refinancing, acquisitions, recapitalizations, turnaround, growth capital, development, capital expenditures and subordinated debt tranches of collateralized loan obligations, cash flow term loans, market place lending and bridge transactions. It also makes real estate investments particularly in multi-family residential real estate asset class. The fund makes secured debt, senior debt, senior and secured term loans, unitranche debt, first-lien and second lien, private debt, private equity, mezzanine debt, and equity investments in private and microcap public businesses. It focuses on both primary origination and secondary loans/portfolios and invests in situations like debt financings for private equity sponsors, acquisitions, dividend recapitalizations, growth financings, bridge loans, cash flow term loans, real estate financings/investments. It also focuses on investing in small-sized and medium-sized private companies rather than large public companies. The fund typically invests across all industry sectors, with a particular expertise in the energy and industrial sectors. It invests in aerospace and defense, chemicals, conglomerate services, consumer services, ecological, electronics, financial services, machinery, manufacturing, media, pharmaceuticals, retail, software, specialty minerals, textiles and leather, transportation, oil and gas production, coal production, materials, industrials, consumer discretionary, information technology, utilities, pipeline, storage, power generation and distribution, renewable and clean energy, oilfield services, healthcare, food and beverage, education, business services, and other select sectors. It prefers to invest in the United States and Canada. The fund seeks to invest between $10 million to $500 million per transaction in companies with EBITDA between $5 million and $150 million, sales value between $25 million and $500 million, and enterprise value between $5 million and $1000 million. It fund also co-invests for larger deals. The fund seeks control acquisitions by providing multiple levels of the capital structure. The fund focuses on sole, agented, club, or syndicated deals.

Prospect Capital Management is an alternative asset manager with over $11.8 billion of assets and offices located across the United States. Since its inception in 1988, Prospect has been a leader in the alternative investment industry and developed a reputation for managing private assets with an emphasis on preserving capital and providing attractive total returns for investors. Primary investment strategies include real estate private equity, middle-market buyouts, middle-market direct lending, and structured credit. 

Prospect was built on the principles of open discussions and merit-based decision making. Over time this approach has helped develop a proven and repeatable investment process resulting in a track record of success managing investor capital across multiple economic cycles. Prospect now employs over 130 total professionals with over 60 focused exclusively on investments. 

Prospect Capital is led by CEO John F. Barry III and President & COO Grier Eliasek.

Investment Vehicles:
- Prospect Capital Corporation (www.ProspectStreet.com)
- Priority Income Fund (www.PriorityIncomeFund.com)
- Prospect Floating Rate and Alternative Income Fund (www.PFloat.com)

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Prospect Capital Management

We are thrilled to announce that Prospect Capital has been recognized as one of the top private debt firms of 2023 by GrowthCap!
 
CEO John F. Barry III expressed his pride in this recognition, highlighting Prospect Capital's commitment to providing crucial capital to U.S. middle market businesses and consistently delivering returns to shareholders.

Sam Jolly is a Vice President and has been in the finance industry since 2012. He is responsible for originating, executing and managing investments in CLOs. Prior to joining Prospect Capital Management, from 2012 through 2020, Samuel worked in a variety of roles at Nomura Securities International. Most recently, Samuel was working in the CLO Origination team at Nomura. He was primarily responsible for the structuring and documentation of new issue CLO transactions and financing warehouses.Samuel received his BS from the Fordham University.
 
Join Samuel for his 11:00 AM panel, “Recalibrating the 60/40 Asset Allocation Model” on November 28th, 2023, at the Southeast RIA Summit in Atlanta, GA.
 
Click here to learn more about Prospect Capital: https://lnkd.in/gwfgAxhc
 
Don’t wait, secure your ticket today: https://lnkd.in/eE8Gzbif

Come see Prospect Capital at Schwab Impact Conference at booth number 513! #impact2023

#SchwabIMPACT is only 1 week away! Meet with other members of the Prospect Capital team at Booth 513, we look forward to seeing you there!

Exciting news! Colin McGinnis, CFA will be leading an education session on “Understanding Senior Secured Loans and Collateralized Loan Obligations” at the #SchwabIMPACT Conference on October 25th in Philadelphia, PA. 
 
At Prospect, we’re passionate about educating investors. Don’t miss this opportunity to gain an in-depth understanding of CLOs!

NASDAQ:PSEC

Prospect Street

Last Close

5.00

30/08 20:00

Market Cap

2.34B

Beta: 1.01

Volume Today

6.39M

Avg: 1.53M

PE Ratio

33.94

PFCF: −48.88

Dividend Yield

12.37%

Payout:464.68%

Analysis Not Available