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Prospect Capital Corporation (PSEC)

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Prospect Capital Corporation
10 East 40th Street
44nd Floor
New York, NY 10016
United States - Map
Phone: 212-448-0702
Fax: 212-448-9652

Index Membership:N/A
Industry:Asset Management
Full Time Employees:N/A

Business Summary 

Prospect Capital Corporation is a business development company. It specializes in middle market, mature, mezzanine finance, later stage, emerging growth, buyouts, recapitalizations, turnaround, growth capital, development, subordinated debt tranches of collateralized loan obligations, cash flow term loans, and bridge transactions. It also makes real estate investments particularly in multi-family residential real estate asset class. The fund makes secured debt, senior debt, unitranche debt, first-lien and second lien, private debt, mezzanine debt, and equity investments in private and microcap public businesses. It typically invests across all industry sectors, with a particular expertise in the energy and industrial sectors. The fund invests in aerospace and defense, chemicals, conglomerate services, consumer services, ecological, electronics, financial services, machinery, manufacturing, media, pharmaceuticals, retail, software, specialty minerals, textiles and leather, transportation, oil and gas production, coal production, materials, industrials, consumer discretionary, information technology, utilities, pipeline, storage, power generation and distribution, renewable and clean energy, oilfield services, healthcare, food and beverage, education, business services, and other select sectors. It prefers to invest in the United States and Canada. The fund seeks to invest between $10 million to $250 million per transaction in companies with EBITDA between $5 million and $150 million, sales value between $25 million and $500 million, and enterprise value between $5 million and $1000 million. It fund also co-invests for larger deals. The fund seeks control acquisitions by providing multiple levels of the capital structure. The fund focuses on sole, agented, club, or syndicated deals.

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Corporate Governance 
Prospect Capital Corporation’s ISS Governance QuickScore as of Jul 1, 2014 is 5. The pillar scores are Audit: 1; Board: 9; Shareholder Rights: 6; Compensation: 2.
Brought to you by Institutional Shareholder Services (ISS)

Key Executives 
Mr. John Francis Barry III, J.D., 64
Exec. Chairman and Chief Exec. Officer
Mr. Michael Grier Eliasek , 42
Pres, Chief Operating Officer, and Director
Mr. Brian H. Oswald CPA, 55
Chief Financial Officer, Principal Accounting Officer, Chief Compliance Officer, Treasurer and Company Sec.
Mr. Michael Cimini , 41
Head of Investor Relations
Mr. Joseph Ferraro J.D.,
Gen. Counsel
Amounts are as of Dec 31, 2015 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc.Exercised is the value of options exercised during the fiscal year.
Currency in USD.
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