PSEC

Prospect Capital Corporation operates as a business development company (BDC) specializing in lending to and investing in middle-market companies across the United States. Headquartered in New York City, PSEC provides flexible capital solutions including first and second lien senior loans, subordinated debt, equity co-investments, and buyout opportunities to companies typically generating $5 million to $150 million in EBITDA. The company primarily targets sectors such as healthcare, energy, manufacturing, technology, and business services, maintaining a diversified portfolio of middle-market investments. As a publicly traded BDC, Prospect Capital is required to distribute at least 90% of its taxable income to shareholders as dividends, making it an income-focused investment vehicle. The firm manages over $8 billion in assets under management and maintains investments in more than 100 portfolio companies. PSEC generates revenue primarily through interest income on debt investments and capital gains from equity positions. The company employs both internal management and leverages its experienced investment team to source, underwrite, and monitor portfolio companies. Recent strategic initiatives include portfolio optimization through selective asset sales and focusing on higher-quality lending opportunities. Prospect Capital differentiates itself through its flexible capital solutions and willingness to provide both debt and equity financing to support management buyouts, growth initiatives, and recapitalizations in the middle-market segment.