Prospect Capital Corporation
prospectstreet.comWhat Do They Do?
Lends to and invests in privately held middle-market companies, mainly through secured loans and equity investments.
10-K for FY2026, filed Aug 20, 2026Prospect is a financial services company that primarily lends to and invests in middle market privately-held companies. We are a closed-end…View ↗
Our investment objective is to generate both current income and long-term capital appreciation. We intend to invest primarily in privately…View ↗
Our primary investment strategy is investing in private, middle-market companies in the U.S. in need of capital for refinancings…View ↗
Our investments in senior and secured loans are generally senior debt instruments that rank ahead of unsecured debt and equity of a given…View ↗
How Do They Make Money?
Earns interest on loans over their terms and dividends from equity investments; some loan interest may be added to the balance instead of paid in cash, generally coming due at maturity or when the investment is called. It also earns certain fees and other receipts when received.
10-K for FY2026, filed Aug 20, 2026Interest income, adjusted for amortization of premium and accretion of discount, is recorded on an accrual basis. Original issue discounts…View ↗
Some of our loans and other investments may have contractual PIK interest or dividends. PIK income computed at the contractual rate is…View ↗
Dividend income is recorded on the ex-dividend date. Each distribution received from limited liability company (“LLC”) and limited…View ↗
Other income consists of structuring fees, amendment fees, overriding royalty interests, receipts related to net profit and revenue…View ↗
$326.4M
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10-K for FY2026, filed Aug 20, 2026
$326.4M ↗
Who Are Their Customers?
It lends to and invests in privately owned U.S. middle-market companies, sourcing most investments directly through sponsors, financial intermediaries, and management teams.
10-K for FY2026, filed Aug 20, 2026Our investment objective is to generate both current income and long-term capital appreciation. We intend to invest primarily in privately…View ↗
Our primary investment strategy is investing in private, middle-market companies in the U.S. in need of capital for refinancings…View ↗
We directly originate the significant majority of our investments through our long-term relationships with private equity funded and…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 47 cents of every revenue dollar as net income in FY2026.
10-K for FY2026, filed Aug 20, 2026
10-K for FY2026, filed Aug 20, 2026
$153.7MView ↗
How Are They Changing?
Flat. Revenue was $326.4M in FY2026, about the same as the $343.9M of FY2022.
Structured-credit investing
The older report describes structured credit as a primary investment strategy, including debt and equity tranches; the latest says the company has significantly exited CLO investments.
10-K for FY2023, filed Sep 8, 2023 10-K for FY2026, filed Aug 20, 2026While the structure of our investments varies, we can invest in senior and secured debt, unsecured debt, subordinated debt, convertible…View ↗
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