Prospect Capital Corporation
Investments
79Portfolio Exits
35Funds
5Service Providers
2About Prospect Capital Corporation
Prospect Capital Corporation is a provider of flexible private debt and equity capital to sponsor-owned and non-sponsor-owned middle-market companies. The company invests in first-lien and second-lien senior loans and mezzanine debt, which in some cases include an equity component. The company provide capital to middle-market companies and private equity financial sponsors for refinancing, leveraged buyouts, acquisitions, recapitalizations, later-stage growth investments, and capital expenditures.
Latest Prospect Capital Corporation News
Nov 17, 2023
(nasdaq:psec) Private Equity Prospect Capital Corporation (NASDAQ:PSEC) is a high yielding BDC investment trading at a steep discount. While several factors prop this company up as a potentially strong BDC play, I've decided to sell due to its long history of performance decline not conducive to my income portfolio. PSEC is a Business Development Company (BDC) that primarily invests in senior loans and mezzanine debt, often with an equity component. They provide capital to middle-market companies and private equity sponsors for various purposes like refinancing, leveraged buyouts, acquisitions, recapitalizations, growth investments, and capital expenditures.
Prospect Capital Corporation Investments
79 Investments
Prospect Capital Corporation has made 79 investments. Their latest investment was in Payliance as part of their Unattributed on December 12, 2019.
Prospect Capital Corporation Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
12/17/2019 | Unattributed | Payliance | $31M | Yes | 4 | |
1/30/2018 | Loan | AgaMatrix | $32M | Yes | 1 | |
7/7/2015 | Debt | Intelius | $31M | Yes | 3 | |
12/2/2014 | Debt | |||||
10/20/2014 | Debt - II |
Date | 12/17/2019 | 1/30/2018 | 7/7/2015 | 12/2/2014 | 10/20/2014 |
|---|---|---|---|---|---|
Round | Unattributed | Loan | Debt | Debt | Debt - II |
Company | Payliance | AgaMatrix | Intelius | ||
Amount | $31M | $32M | $31M | ||
New? | Yes | Yes | Yes | ||
Co-Investors | |||||
Sources | 4 | 1 | 3 |
Prospect Capital Corporation Portfolio Exits
35 Portfolio Exits
Prospect Capital Corporation has 35 portfolio exits. Their latest portfolio exit was AgaMatrix on May 17, 2023.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
5/17/2023 | Acquired | 1 | |||
8/22/2022 | Corporate Majority | 3 | |||
7/29/2021 | IPO | Public | 1 | ||
Date | 5/17/2023 | 8/22/2022 | 7/29/2021 | ||
|---|---|---|---|---|---|
Exit | Acquired | Corporate Majority | IPO | ||
Companies | |||||
Valuation | |||||
Acquirer | Public | ||||
Sources | 1 | 3 | 1 |
Prospect Capital Corporation Acquisitions
18 Acquisitions
Prospect Capital Corporation acquired 18 companies. Their latest acquisition was Nicholas Financial on December 18, 2013.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
|---|---|---|---|---|---|---|
12/18/2013 | Debt | $3.5M | Take Private | 1 | ||
8/6/2013 | Debt | $25.5M | Acq - Fin - II | 1 | ||
8/6/2013 | Acq - Fin | 1 | ||||
1/7/2013 | Debt | |||||
1/5/2013 | Private Equity |
Date | 12/18/2013 | 8/6/2013 | 8/6/2013 | 1/7/2013 | 1/5/2013 |
|---|---|---|---|---|---|
Investment Stage | Debt | Debt | Debt | Private Equity | |
Companies | |||||
Valuation | |||||
Total Funding | $3.5M | $25.5M | |||
Note | Take Private | Acq - Fin - II | Acq - Fin | ||
Sources | 1 | 1 | 1 |
Prospect Capital Corporation Fund History
5 Fund Histories
Prospect Capital Corporation has 5 funds, including Prospect Capital Corporation.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
|---|---|---|---|---|---|
8/15/2013 | Prospect Capital Corporation | UNKNOWN | Closed | $21M | 1 |
6/1/2002 | Prospect Street Private Opportunity Fund LP | ||||
11/1/1999 | PSV Technology Partners LP | ||||
5/1/1995 | Prospect Street-NYC Discovery Fund LP | ||||
6/1/1992 | Connecticut Financial Developments LP |
Closing Date | 8/15/2013 | 6/1/2002 | 11/1/1999 | 5/1/1995 | 6/1/1992 |
|---|---|---|---|---|---|
Fund | Prospect Capital Corporation | Prospect Street Private Opportunity Fund LP | PSV Technology Partners LP | Prospect Street-NYC Discovery Fund LP | Connecticut Financial Developments LP |
Fund Type | UNKNOWN | ||||
Status | Closed | ||||
Amount | $21M | ||||
Sources | 1 |
Prospect Capital Corporation Service Providers
2 Service Providers
Prospect Capital Corporation has 2 service provider relationships
Service Provider | Associated Rounds | Provider Type | Service Type |
|---|---|---|---|
J.P. Morgan Chase & Co. | Commercial Bank | General Business Banking | |
Service Provider | J.P. Morgan Chase & Co. | |
|---|---|---|
Associated Rounds | ||
Provider Type | Commercial Bank | |
Service Type | General Business Banking |
Partnership data by VentureSource
Prospect Capital Corporation Team
34 Team Members
Prospect Capital Corporation has 34 team members, including current Chief Executive Officer, John F. Barry.
Name | Work History | Title | Status |
|---|---|---|---|
John F. Barry | Chief Executive Officer | Current | |
Name | John F. Barry | ||||
|---|---|---|---|---|---|
Work History | |||||
Title | Chief Executive Officer | ||||
Status | Current |
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