Prospect Capital publishes investor presentation on middle-market lending strategy and portfolio positioning
Reuters2026/08/20 23:49- Prospect Capital outlined a $6.4 billion portfolio across 91 investments, weighted to senior secured debt at 84% and first-lien exposure at 72.5%.
- Non-accrual loans measured 0.7% of total assets at fair value; LTM interest coverage was 3.7x.
- Capital structure showed 29% total debt capitalization, 71% equity capitalization, 0.41x net debt-to-total equity.
- Liquidity was cited at $1.6 billion of undrawn revolver commitments and cash; 66% of assets were described as unencumbered.
- Portfolio rotation highlighted exits from CLO equity to 0%; Valley Electric exit generated $281 million net proceeds, 20.5% IRR, 4.8x MOIC.
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