Company Description
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.
| Country | United States |
| Founded | 2004 |
| IPO Date | Jul 27, 2004 |
| Industry | Asset Management |
| Sector | Financials |
| CEO | John Barry |
Contact Details
Address: 10 East 40th Street, 42nd Floor New York, New York 10016 United States | |
| Website | prospectstreet.com |
Stock Details
| Ticker Symbol | PSEC |
| Exchange | NASDAQ |
| Fiscal Year | July - June |
| Reporting Currency | USD |
| CIK Code | 0001287032 |
| CUSIP Number | 74348T102 |
| ISIN Number | US74348T1025 |
| Employer ID | 43-2048643 |
Key Executives
| Name | Position |
|---|---|
| John Francis Barry III, J.D. | Chairman of the Board and Chief Executive Officer |
| Michael Grier Eliasek | President, Chief Operating Officer and Director |
| Kristin Lea Van Dask CPA | Chief Financial Officer, Treasurer, Secretary and Chief Compliance Officer |
| Alexandra Krasinets CPA | Vice President of Accounting |
| Al Faella | Chief Technology Officer |
| Daria Becker | Head of Administration |
| Jonathan Jung-Hsi Li | Deputy General Counsel |
| Trisha Blackman | Senior Vice President of Administration, Head of Human Resources and Deputy Chief Compliance Officer |
| Bart J. deBie J.D. | Managing Director |
| David L. Belzer | Managing Director |
Latest SEC Filings
| Date | Type | Title |
|---|---|---|
| Nov 12, 2024 | 424B2 | Prospectus |
| Nov 8, 2024 | 8-K | Current Report |
| Nov 8, 2024 | 10-Q | Quarterly Report |
| Nov 7, 2024 | POS EX | Filing |
| Nov 4, 2024 | 424B2 | Prospectus |
| Oct 31, 2024 | POS EX | Filing |
| Oct 28, 2024 | 424B2 | Prospectus |
| Oct 28, 2024 | 424B2 | Prospectus |
| Oct 28, 2024 | DEFA14A | Additional definitive proxy soliciting materials and Rule 14(a)(12) material |
| Oct 24, 2024 | POS EX | Filing |