Prospect Capital Corporation

Prospect Capital Corporation is a business development company (BDC) that primarily focuses on private debt and equity investments. It specializes in middle-market and mature companies, providing mezzanine finance, leveraged buyouts, refinancing, acquisitions, recapitalizations, turnaround financing, growth capital, and development capital. The company invests in secured debt, senior debt, unitranche debt, first-lien and second-lien loans, as well as private equity and mezzanine debt. It also makes real estate investments, particularly in multi-family residential assets. Prospect Capital targets small to medium-sized private businesses across various sectors, with particular expertise in energy and industrial industries. Its investments include cash flow term loans, bridge loans, and subordinated debt tranches of collateralized loan obligations.

Prospect Capital Corporation is listed on the Nasdaq Global Select Market (NasdaqGS) under the ticker symbol PSEC. Its securities are traded in US dollars (USD), reflecting its primary operations in the United States. As a US-based business development company, it reports its financial results in USD, and investors can trade its shares on this major US exchange during regular market hours.

Prospect Capital Corporation operates in the Financial Services sector, specifically within the Asset Management industry. As an asset management firm, it manages a diversified portfolio of debt and equity investments, primarily in private companies. The company functions as a business development company (BDC), which is a type of closed-end investment vehicle that provides capital to small and medium-sized businesses. Its industry focus includes aerospace and defense, chemicals, consumer services, electronics, financial services, machinery, manufacturing, media, pharmaceuticals, retail, software, transportation, and energy sectors such as oil and gas production and coal production.

Prospect Capital Corporation generates returns primarily through interest income from debt investments and capital gains from equity investments. As a business development company, it originates and acquires secured debt, senior loans, mezzanine debt, and equity stakes in private and microcap public businesses. It focuses on both primary origination and secondary loan portfolios, targeting situations like debt financings for private equity sponsors, acquisitions, dividend recapitalizations, and growth financings. The company also invests in real estate, particularly multi-family residential assets. By providing capital to middle-market companies, it earns interest and fees, and may realize gains upon exit. Its portfolio spans various industries, with a notable emphasis on energy and industrial sectors.

Prospect Capital Corporation focuses on a wide range of investment types, including secured debt, senior debt, senior and secured term loans, unitranche debt, first-lien and second-lien loans, private debt, private equity, mezzanine debt, and equity investments. It also invests in subordinated debt tranches of collateralized loan obligations, cash flow term loans, marketplace lending, and bridge transactions. The company targets middle-market, mature, and emerging growth companies, and engages in leveraged buyouts, refinancing, acquisitions, recapitalizations, turnaround financing, growth capital, and development capital. Additionally, it makes real estate investments, particularly in multi-family residential assets. Its investments are typically in small to medium-sized private companies rather than large public ones.