Prospect Capital Corporation · New York, NY United States ·(NASDAQ (GM): PSEC)
Company Description
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This link will open in a new window Prospect Capital (formerly Prospect Energy) is a closed-end investment company focused on prospecting for... riches! The company was founded by fomer senior managers of Merrill Lynch with an interest in underperforming energy-related businesses. However, it changed its name from Prospect Energy in 2007 to reflect a broadening interest in non-energy investments. (It has since then invested in food and health care technology companies, among others.) Prospect targets middle-market companies with annual revenues of less than $500 million, typically participating in transactions of no greater than $250 million. It invests in mezzanine loans and equity securities of private or thinly traded public companies. To read the full description, subscribe now.
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Key Prospect Capital Corporation Financials
| Company Type | Public - NASDAQ (GM): PSEC Headquarters |
| Fiscal Year-End | June |
| 2009 Sales (mil.) | $100.5 |
| 2008 Employees | 19 |
Prospect Capital Corporation Executives
18 executives listed for Prospect Capital Corporation's New York, NY location.
| Title | Name & Bio | Contact |
| Chairman and CEO | John Barry | Network |
| President, COO, and Director | M. Grier Eliasek | Network |
| CFO, Chief Compliance Officer, and Secretary | Brian Oswald | Network |
Competition
Competitive Landscape for Prospect Capital Corporation
Demand is driven primarily by the pace of technological innovation and the number of companies created to commercialize new technologies. The profitability of individual companies depends on successfully choosing and managing a portfolio of investments. Large companies have advantages in attracting investors, developing expertise in multiple technology markets, and funding large deals. Small companies can compete effectively by concentrating on specific market sectors or geographic areas. The average venture capital investment is about $8 million. Individual, or angel, investors, and large companies with strategic interests in early-stage companies are also sources of new venture funding. To read the full description, subscribe now.Top Prospect Capital Corporation Competitors
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