Prospect Capital

What is Prospect Capital ?

Prospect Capital Corporation is a leading publicly-traded Business Development Company (BDC) with a focus on providing debt and equity investments to U.S. middle market businesses across various industries. The firm's investment portfolio is diverse and widespread, consisting of secured loans, first lien loans, and equity investments with the goal of delivering steady and attractive returns to shareholders. Prospect Capital prioritizes investments in companies operating in sectors such as manufacturing, industrial, energy, business services, financial services, food, healthcare, and media.

Since their inception in 1988, they have developed an extensive network of relationships with private equity firms, business owners, managers, and intermediaries, which aids their proven origination strategies. The firm manages over $7.6 billion in assets and has funded more than 400 investments, demonstrating a broad investment approach and significant industry reach.

Located in New York, New York with an additional office in Darien, Connecticut, Prospect Capital has a long history of financing middle-market companies, following a disciplined investment approach, and committing substantial capital to its portfolio companies. They offer a direct stock purchase plan and a dividend reinvestment plan, setting themselves apart as a BDC focused on steady dividends and conservative capitalization.

Management and affiliates of Prospect own a significant portion of the company's shares, indicating strong alignment with shareholder interests. With an experienced team of over 130 professionals, Prospect Capital seeks to make each investment decision a lucrative opportunity for growth and income.

They are known for their conservative capital structure, with long-term matched-book funding, reasonable leverage, and investment-grade ratings from S&P, Moody's, Kroll, DBRS, and Egan-Jones. The firm trades on NASDAQ under the ticker symbol 'PSEC'.