about prospect Capital

 

Prospect and its predecessors have been in the investment business since 1988.  With a private middle-market and United States focus, Prospect is the investment advisor to Prospect Capital Corporation (NASDAQ: PSEC), one of the largest business development companies in the industry.  PSEC's principal mandate is both current income and long-term capital appreciation.   

Prospect manages approximately $6.6 billion of capital (including undrawn credit facilities, as of June 30, 2017) and offers a wide variety of transaction structures, including:

· First-Lien Debt · “One-Stop” Debt-and-Private Equity Investments
· Unitranche Debt · Structured Credit
· Second-Lien Debt · Real Estate
· Mezzanine Debt · On-line Lending

We also consider secondary acquisitions of existing middle-market private debt investments and portfolios.

Prospect Capital targets middle-market companies with EBITDA of $5 million to $150 million and investments in the $20 million to $400+ million range.  We provide capital for:

· Refinancings · Recapitalizations
· Leveraged buyouts · Later-stage growth investments
· Acquisitions · Capital expenditures

We principally target companies with a history of stable revenues and profitability, strong market and competitive positions, and proven management. We analyze each investment with a primary focus on preserving capital and generating current cash yields and appropriate all-in returns.

We have expertise across a wide variety of industries, including, but not limited to:

· Business services · Food
· Consumer products · Healthcare
· Consumer services · Industrials
· Energy · Manufacturing
· Financial services · Media

Our mission is to generate long-term value for our investors, portfolio companies, sponsors, and employees through creativity, rigor, perseverance, integrity, and teamwork. With a buy-and-hold mentality, our objectives are (i) to preserve capital by making credit-focused investments at reasonable multiples of recurring cash flow, (ii) to earn attractive current cash yields, and (iii) to achieve consistent, low-volatility returns. Prospect has a strong franchise, which includes:

· Longevity in the private capital markets;
· A large and experienced middle-market investment team;
· A broad and proprietary multi-channel origination platform;
· A rigorous investment process (both prior to and after making an investment); and
· Institutional-quality legal, finance / accounting, tax and administrative support.

Our senior executives have worked together at Prospect for more than fifteen years, through multiple economic and investing cycles. We believe that our team of approximately 100 professionals is one of the largest and most experienced teams in the industry.  Prospect’s senior investment professionals have more than 20 years on average of investing and finance experience.

We self-originate, lead, and structure the majority of our investments and also invest on a limited basis in club and syndicated transactions. Prospect has long-term origination relationships with private equity sponsors, financial intermediaries, management teams, and other sources of investments.  By sourcing opportunities directly from multiple channels, we are not dependent on any particular channel and consistently originate a high volume of potential investments across varying market conditions.

Prospect has been registered as an investment adviser with the SEC since 2004. Prospect and its predecessors have more than a 25-year history of investing in middle-market companies and managing private, high-yielding debt and equity investments using both private partnership and publicly-traded closed-end structures.

 

 
Prospect Capital Management L.P.
10 East 40th Street, 44th Floor, New York, NY 10016
(212) 448 - 0702
© Copyright 2016 Prospect Capital Management L.P. All rights reserved.