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 Corporation

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!

	Jun '14	Jun '15	Jun '16	Jun '17	Jun '18	Jun '19	Jun '20	Jun '21	Jun '22	Jun '23
revenue	345.69M -	382.69M 10.70%	157.82M 58.76%	290.64M 84.16%	333.65M 14.80%	186.60M 44.07%	18.98M 89.83%	1.02B 5,258.98%	622.47M 38.80%	852.21M 36.91%
cost of revenue						200.05M -	176.97M 11.54%	185.85M 5.02%	219.86M 18.30%	1.67B 661.34%
gross profit	345.69M -	382.69M 10.70%	157.82M 58.76%	312.40M 97.95%	333.65M 6.80%	-13.45M 104.03%	-157.99M 1,075.07%	831.23M 626.14%	402.61M 51.57%	-821.68M 304.09%
selling and marketing expenses
general and administrative expenses	30.87M -	29.89M 3.16%	31.53M 5.46%	31.82M 0.94%	26.20M 17.68%	33.63M 28.37%	32.50M 3.35%	29.76M 8.42%	29.73M 0.12%	40.56M 36.44%
selling general and administrative expenses	30.87M -	29.89M 3.16%	31.53M 5.46%	31.82M 0.94%	26.20M 17.68%	33.63M 28.37%	32.50M 3.35%	29.76M 8.42%	29.73M 0.12%	40.56M 36.44%
research and development expenses
other expenses	346.84M -	6.46M 98.14%	22.93M 255.24%	27.67M 20.67%	28.14M 1.68%	8.49M 69.84%	2.70M 68.16%	23.51M 770.13%	10.16M 56.80%	416.70M 4,002.59%
cost and expenses	26.67M -	36.35M 36.30%	54.46M 49.81%	59.49M 9.25%	54.33M 8.67%	42.12M 22.49%	35.20M 16.41%	53.27M 51.33%	52.68M 1.11%	431.28M 718.66%
operating expenses	26.67M -	36.35M 36.30%	54.46M 49.81%	37.73M 30.71%	33.79M 10.45%	42.12M 24.64%	35.20M 16.41%	53.27M 51.33%	39.88M 25.13%	40.74M 2.15%
interest expense	130.10M -	170.66M 31.17%	146.86M 13.95%	164.85M 12.25%	155.04M 5.95%	157.23M 1.41%	148.37M 5.64%	130.62M 11.96%	117.42M 10.11%	148.20M 26.22%
ebitda	449.12M -	517.00M 15.11%	250.22M 51.60%	395.99M 58.26%	434.36M 9.69%	301.72M 30.54%	-16.22M 105.38%	963.81M 6,040.63%	687.20M 28.70%	-101.64M 114.79%
operating income	-26.67M -	-36.35M 36.30%	-54.46M 49.81%	-59.49M 9.25%	-54.33M 8.67%	301.72M 655.30%	-16.22M 105.38%	963.81M 6,040.63%	-52.68M 105.47%	329.50M 725.45%
depreciation and amortization	475.79M -	553.35M 16.30%	304.68M 44.94%	455.49M 49.50%	488.69M 7.29%	-470.09M 196.19%	-414.06M 11.92%	-416.36M 0.55%	739.88M 277.71%	-431.14M 158.27%
total other income expenses net	319.02M -	346.34M 8.56%	103.36M 70.16%	252.91M 144.68%	299.86M 18.57%	-157.23M 152.43%	-151.07M 3.92%	-154.13M 2.02%	635.27M 512.17%	-431.14M 167.87%
income before tax	319.02M -	346.34M 8.56%	103.36M 70.16%	252.91M 144.68%	299.86M 18.57%	144.49M 51.82%	-16.22M 111.23%	963.81M 6,040.63%	582.58M 39.55%	-101.64M 117.45%
income tax expense	-26.67M -	-36.35M 36.30%	-54.46M 49.81%	-59.49M 9.25%	-54.33M 8.67%	-1.22M 97.76%	260K 121.36%	347K 33.46%	-739.88M 213,323.05%
net income	319.02M -	346.34M 8.56%	103.36M 70.16%	252.91M 144.68%	299.86M 18.57%	144.49M 51.82%	-16.22M 111.23%	963.81M 6,040.63%	1.32B 37.21%	-101.64M 107.69%
weighted average shs out	300.28M -	353.65M 17.77%	356.13M 0.70%	358.84M 0.76%	361.46M 0.73%	365.98M 1.25%	368.09M 0.58%	382.71M 3.97%	390.57M 2.06%	398.51M 2.03%
weighted average shs out dil	300.28M -	353.65M 17.77%	356.13M 0.70%	358.84M 0.76%	361.46M 0.73%	365.98M 1.25%	368.09M 0.58%	385.97M 4.86%	433.79M 12.39%	398.51M 8.13%
eps	1.06 -	0.98 7.55%	0.29 70.41%	0.70 141.38%	0.83 18.57%	0.39 53.01%	-0.04 111.31%	2.51 5,791.61%	3.39 35.06%	-0.26 107.67%
epsdiluted	1.06 -	0.98 7.55%	0.29 70.41%	0.70 141.38%	0.83 18.57%	0.39 53.01%	-0.04 111.31%	2.50 5,768.93%	3.05 22.00%	-0.26 108.52%

NASDAQ:PSEC

Prospect Street

Last Close

5.51

26/07 20:00

Market Cap

2.34B

Beta: 1.01

Volume Today

1.96M

Avg: 1.53M

PE Ratio

33.94

PFCF: −48.88

Dividend Yield

12.37%

Payout:464.68%

Preview