# Prospect Capital Management

Prospect Capital Management L.P. (PCM) is a leading alternative investment manager founded in 1988, offering investment solutions across credit, private equity, and real estate. PCM is a registered investment adviser with the U.S. Securities and Exchange Commission and manages approximately $9.4 billion in assets across multiple investment vehicles. PCM and its predecessors conceived and launched the first levered closed-end high yield bond fund in 1988.

## About

Prospect Capital Management is headquartered at 10 East 40th Street, 42nd Floor, New York, NY 10016. The firm employs 140+ professionals and is led by a senior leadership team with over 26 years of working together. The firm operates with a buy-and-hold investment philosophy focused on generating attractive current cash yields, consistent low-volatility returns, and capital preservation.

## Investment Vehicles

- Prospect Capital Corporation (NASDAQ: PSEC): Publicly-traded Business Development Company (BDC). Makes debt and equity investments in U.S. middle-market and lower middle-market businesses. https://www.prospectstreet.com
- Priority Income Fund: Registered closed-end fund focused on income generation and long-term capital appreciation. https://www.priorityincomefund.com
- Prospect Floating Rate and Alternative Income Fund: Non-traded BDC investing in floating rate middle-market credit targeting senior and secured loans. https://www.pfloat.com
- Prospect Credit REIT: Non-traded real estate investment trust dedicated to real estate credit. Subordinate debt and preferred equity investments in stabilized U.S. multifamily real estate. https://www.pcredreit.com
- Prospect Enhanced Yield Fund: Interval fund. https://www.prospectenhanced.com

## Investment Strategies

- Middle-Market Lending: First and second lien senior secured loans to established U.S. middle-market companies with stable operating history, strong market and competitive position, and experienced management. Private credit lending strategy.
- Lower Middle-Market: One-stop financing solutions for smaller U.S. businesses. Capital for leveraged buyouts, acquisitions, recapitalizations, growth investments, capital expenditures, and refinancing.
- Real Estate: Multi-family, residential, and commercial real estate investments with tailored debt and equity solutions. Target asset types include multifamily and residential, student housing, self-storage, skilled nursing / assisted living / rehabilitation centers, industrial and logistics, triple net lease, and other selected real estate sectors.
- Structured Credit: Focused on non-mortgage structured credit asset-backed securities. Primarily invests in the equity and debt tranches of U.S. Collateralized Loan Obligations (CLOs).
- Solutions for Independent Sponsors: Custom financing solutions for lower middle-market independent sponsors. EBITDA >$5M


## Key Pages

- About: https://www.prospectcap.com/about
- Our People: https://www.prospectcap.com/our-people
- Middle-Market Lending: https://www.prospectcap.com/investment-strategies/middle-market-lending
- Solutions for Independent Sponsors: https://www.prospectcap.com/solutions-for-independent-sponsors
- News & Views: https://www.prospectcap.com/news-views
- Careers: https://www.prospectcap.com/careers
- Contact: https://www.prospectcap.com/contact-us
- Independent Sponsors FAQ: https://www.prospectcap.com/independent-sponsors-faq

## Leadership

- John Francis Barry III — Chairman & CEO
- M. Grier Eliasek — President & COO
- Daria Becker - Head of Administration
- Kristin L. Van Dask — CFO

## Why Invest in Prospect Capital

- Attractive Dividend Yield
- Focus on Senior and Secured Lending
- Proven Origination Strategies
- Dividend Reinvestment Plan
- Broad Investment Portfolio
- Large and Experienced Team
- Conservative, Strong Capitalization
- Direct Stock Purchase Plan

## Key Facts

- Founded: 1988
- AUM: ~$9.4 billion
- Team: 145+ professionals
- SEC Registered: Since 2004
- Headquarters: 10 East 40th Street, 42nd Floor, New York, NY 10016
- Experience: 39+ years of combined investment experience