About Prospect Capital Management
Who We Are
Since 1988, Prospect and its predecessors focus on private debt and private equity investments. Prospect invests across the United States in diversified portfolios by industry, company, and situation. As of December 31, 2018, Prospect had $6.4 billion of assets under management.
Prospect is the investment adviser to Prospect Capital Corporation (NASDAQ: PSEC), one of the largest business development companies in the industry and targets current income and long-term capital appreciation. John Francis Barry III is Chairman and Chief Executive Officer of Prospect Capital Corporation (PSEC) and Prospect Capital Management (PCM).
We aim to generate long-term value for our investors, portfolio companies, private equity sponsors, and employees through creativity, rigor, perseverance, integrity, and teamwork. With a buy-and-hold mentality, our objectives are to preserve capital by making credit and equity-focused investments at reasonable multiples of recurring cash flow, earn attractive current cash yields and achieve consistent low-volatility returns. Prospect has a strong franchise, which includes:
- Longevity in the private debt and equity capital markets;
- A large and experienced investment team;
- A broad and proprietary multi-channel origination platform;
- A rigorous investment process (both before and after initial investment); and
- Institutional-quality and Sarbanes-Oxley process compliant operations and infrastructure.
Prospect is a registered investment adviser with the U.S. Securities and Exchange Commission (SEC) since 2004, and along with its predecessors, has a track record of providing returns for over 30 years. As an established private debt and equity manager, Prospect invests capital on behalf of thousands of investors across the United States. Our institutional infrastructure, robust financial reporting, legal & compliance, and investor relations capabilities help us build long-term relationships with our investors and provide them with high-quality service.
Primarily First lien loans, as well as Second lien loans to U.S. middle-market companies.
Equity investments in value-add multifamily and other properties with significant current cash flow.
Equity and debt tranches of U.S. Collateralized Loan Obligations ("CLOs") managed by top-tier collateral managers.
Tax-advantaged equity investments in real estate properties located in economically developing communities.