Prospect Capital Management

Prospect Capital Management L.P. (“Prospect”), established in 1988, is an alternative credit asset manager with focuses on middle-market lending, structured credit, and real estate.

Prospect (along with its affiliated adviser) manages approximately $8.64 billion of capital (as of June 30, 2022) across multiple investment funds and investment strategies.

Prospect is an SEC-registered investment adviser and has a team of approximately 110 professionals.

For over three decades, Prospect has been a trusted and valuable relationship to hundreds of management teams, private equity sponsors, entrepreneurs, financial intermediaries, institutions, and collateral managers.

Prospect’s mission includes delivering attractive risk-adjusted yields to investors with an emphasis on broad portfolios, proprietary investment origination, and a disciplined, rigorous investment process.  Prospect’s proven track record through multiple economic cycles demonstrates a deep commitment to capital preservation, current cash returns, and total returns.

Prospect is the investment adviser for (i) Prospect Capital Corporation (NASDAQ: PSEC), one of the largest business development companies in the industry, which has 5 investment-grade corporate credit ratings, and (ii) Prospect Sustainable Income Fund, Inc., a non-traded business development company.

In 2020, PSEC announced a $1.0 billion convertible preferred stock offering with a coupon of 5.50%. In 2022, PSEC announced an increase in the convertible preferred stock offering to $1.5 billion. PSEC has raised more than $1.0 billion of preferred stock across institutional, registered investment adviser, wirehouse, independent private wealth, and international advisors.

An affiliated adviser of Prospect manages Priority Income Fund, a non-traded closed end fund with an eight-year track record of paying a fully-covered dividend and which currently pays an 11.3% annualized distribution yield paid monthly as of June 1, 2022.

Preferred Capital Securities is a dealer manager for a PSEC convertible preferred equity offering and the Priority Income Fund common equity offering.

Management Team

John Barry

Chairman & Chief Executive Officer

Grier Eliasek

President and Chief Operating Officer

Daria Becker

Head of Administration

Kristin Van Dask

Chief Financial Officer

Colin McGinnis

Portfolio Manager (Priority Income Fund)

John Burges

Portfolio Manager (Prospect Sustainable Income Fund)

Contact Information

Prospect Capital Management
10 East 40th Street
42nd Floor

New York, NY 10016

212-448-0702

Preferred Capital Securities
(dealer manager: Priority Income Fund, PSEC Convertible Preferred Stock)
3284 Northside Parkway NW
Suite 150
Atlanta, GA 30327

855-330-6594

Sponsored Offerings

NONTRADED PREFERRED SHARES

Prospect Capital Corporation Convertible Preferred Stock Offering

TENDER OFFER FUND

Priority Income Fund, Inc.

NONTRADED BDCS

Prospect Flexible Income Fund, Inc.

PRIVATE OFFERINGS

Information about Private Offerings is available in the Blue Vault Database (for financial professionals only).

Want to learn more about this investment manager?

Subscribers may log in to view this sponsor’s Profile Page. For information about becoming a subscriber, click here.

 

 

For Financial Professional Use Only. Not for Retail Clients.