Prospect Capital Corporation (NASDAQ:PSEC) is a business development company that provides private debt and equity financing solutions to middle-market companies. Since its launch in October 2007, the firm has made direct investments in a diverse array of industries, including healthcare, telecommunications, energy, manufacturing and business services. Prospect Capital’s core strategy centers on originating senior secured loans, subordinated debt and equity co‐investments, aiming to deliver flexible capital structures tailored to each borrower’s unique growth objectives.
The company’s investment activity spans the United States and Canada, enabling it to serve a broad geographic footprint and adapt its approach to regional market dynamics. Prospect Capital structures its financings to include first-lien senior secured loans, second-lien financing, unitranche debt packages and preferred or common equity interests. This multi-asset strategy allows it to participate across the capital stack, offering sponsors and management teams the ability to pursue acquisitions, refinancing, recapitalizations and organic expansion initiatives.
Throughout its history, Prospect Capital has positioned itself as a reliable source of capital for companies that may not have ready access to traditional bank credit or public debt markets. By leveraging an in-house team of underwriters, investment professionals and portfolio monitors, the company seeks to balance yield and credit risk while maintaining disciplined underwriting standards. Its track record includes completing hundreds of transactions in both first-lien and subordinated positions, demonstrating a commitment to long-term partnerships with middle-market enterprises.
Prospect Capital is externally managed by Prospect Capital Management, Inc., whose leadership team comprises seasoned professionals with extensive backgrounds in private credit, investment banking and portfolio management. Headquartered in New York City, the firm is overseen by a board of directors and executive officers who guide its strategic direction, risk management and corporate governance practices. Through its established platform and experienced leadership, Prospect Capital continues to support growing businesses with flexible capital solutions.
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