Prospect Capital Highlights Shift to First-Lien Lending, Now 71.5% of Portfolio

By Public Technologies21:20 (UTC), 13 November 2026 Updated

Prospect Capital's investor presentation outlined a shift toward first-lien lending, which reached 71.5% of its portfolio, up 740 basis points since June 2024.
Assets totaled $6 billion; non-accrual loans represented 0.2% of total assets at fair value.
Debt-to-total-capital stood at 26%, with $1.9 billion in undrawn revolver commitments and cash.
A $300 million five-year unsecured institutional bond offering was completed in October 2026.
The Valley Electric exit generated $281 million in net proceeds, delivering a 20.5% realized gross internal rate of return.

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