Prospect Capital Corp

Prospect Capital Corp is a financial services company that primarily lends to and invests in middle market privately-held companies. Organized on April 13, 2004, and funded through an initial public offering on July 27, 2004, Prospect Capital Corp is a closed-end investment company incorporated in Maryland. It operates as a business development company (BDC) under the Investment Company Act of 1940 and has elected to be treated as a regulated investment company (RIC) under Subchapter M of the Internal Revenue Code of 1986. As of June 30, 2026, Prospect Capital Corp is one of the longest-running and largest BDCs, with approximately $6.4 billion of total assets. The company is externally managed by its investment adviser, Prospect Capital Management L.P., with administrative services provided by Prospect Administration LLC, a wholly-owned subsidiary of the Investment Adviser. The investment objective is to generate both current income and long-term capital appreciation. Prospect Capital Corp primarily invests in privately owned United States (U.S.) middle market companies. Its investments include senior and secured first lien loans, and to a lesser extent, second lien loans, as well as equity and equity-linked investments with capital-appreciation potential, such as senior and secured convertible debt, preferred equity, common equity, and warrants. While most investments are in private U.S. companies, the company may also invest in broadly-traded public companies and non-U.S. companies, adhering to BDC requirements to invest at least 70% of assets in "eligible portfolio companies." Prospect Capital Corp is a non-diversified company within the meaning of the 1940 Act, with its primary investment strategy focused on private, middle-market companies in the U.S.