Prospect Capital

#3560

Rank

$2.51B

MarketCap US

US United States

Country

Summary
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.

History

Prospect Capital was established in 1988 as a subsidiary of Triangle Capital Corporation, and the company launched its own public IPO in 2004, listing on the NASDAQ under the symbol “PSEC”. Since its initial public offering, the company has grown substantially and maintains a diversified portfolio of investments throughout the United States.


Mission
To maximize returns to our investors, while maintaining prudent investment discipline and adhering to the highest standards of corporate governance.

Vision
To be the most sought-after lender and investor in the middle market.

Key Team

Mr. Al Faella (Chief Technology Officer)

Ms. Daria Becker (Head of Admin.)

Ms. Alexandra Krasinets CPA (VP of Accounting)

Mr. Jonathan J. Li (Chief Compliance Officer and Deputy Gen. Counsel)

Mr. David L. Belzer (Managing Director)

Ms. Trisha Blackman (Sr. VP of Admin., Head of HR & Deputy Chief Compliance Officer)

Mr. Bart J. deBie J.D. (Managing Director)


Recognition and Awards
Prospect Capital is one of the largest business development companies in the United States, and the company has been recognized for its successful strategies, leading industry practices and commitment to excellence in governance.

References
Prospect Capital
Leadership team

Mr. Michael Grier Eliasek (Pres, COO & Director)

Mr. John Francis Barry III, J.D. (Chairman & CEO)

Ms. Kristin Lea Van Dask CPA (CFO, Treasurer, Sec. & Chief Compliance Officer)

Products/ Services
Finance
Headquarters
New York, New York, United States
Established
1988
Company Registration
SEC CIK number: 0001287032
Net Income
100M - 500M
Revenue
100M - 500M
Traded as
PSEC
Social Media
Sun Mar 03 2024
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