Prospect Capital presents portfolio update showing first-lien investments rise to 71.5%
PSEC•Prospect Capital said first-lien investments rose to 71.5% of its portfolio, up 740 basis points since June 2024. CLO equity exposure fell to 0%, and non-accrual loans were 0.2% of total assets at fair value as of September 30, 2026.
1. Portfolio composition
Prospect Capital reported that first-lien investments represented 71.5% of its portfolio, an increase of 740 basis points since June 2024. CLO equity exposure fell to 0%, while second-lien investments declined to 11.1%.
2. Capital and credit
Non-accrual loans were 0.2% of total assets at fair value as of September 30, 2026. Debt represented 26% of total capitalization, and the company reported $1.9 billion in undrawn revolving credit commitments and cash. In October 2026, Prospect Capital completed a $300 million, 8.95%, five-year unsecured institutional bond offering.
