Prospect Capital

Prospect Capital Management L.P. is an alternative asset management firm with a history dating back to 1988, when a veteran team of senior professionals formerly from Merrill Lynch's merchant bank and high yield bond groups founded the firm's predecessors. Headquartered in West Palm Beach, Florida, with offices across the United States, Prospect Ca... pital Management has built a multi-decade track record of managing private assets with an emphasis on capital preservation and delivering attractive total returns for investors across multiple economic cycles. The firm's primary investment strategies span corporate direct lending, real estate private equity, middle-market buyouts, and structured credit. In the direct lending segment, Prospect originates privately sourced loans and equity-linked investments to companies with proven cash flows, experienced management teams, and demonstrated resilience across business cycles, with a particular focus on first lien senior secured lending to middle-market businesses. In real estate, the firm invests in majority or shared control equity positions and provides flexible financing solutions to commercial real estate owners and operators across sectors including multifamily, student housing, self-storage, senior living, and industrial properties. The firm also invests in the equity and debt tranches of Collateralized Loan Obligations, focusing on relative value across both primary and secondary markets. Prospect Capital Management has a history of industry firsts, including launching the first levered closed-end high yield bond fund, the first levered bank loan fund, and the first high yield bridge loan fund, as well as conceiving and managing the first and only multi-line Business Development Company. The firm manages capital across multiple investment vehicles and maintains a dedicated team of investment professionals focused on originating, executing, and managing investments across its core strategies.Read More