Prospect Capital Corporation’s President and Chief Operating Officer, Grier Eliasek, was recently featured in a Q&A published by AdvisorHub, where he outlined the firm’s disciplined approach to private credit investing. Eliasek emphasized Prospect’s focus on middle-market sponsor-backed loans, highlighting a proprietary deal origination network that has delivered an average annual internal rate of return in excess of 9% over the past five years. He noted that underwriting standards remain rigorous, with typical portfolio companies generating annual EBITDA of $10 million to $50 million and maintaining senior leverage ratios below 4.0x. Eliasek also discussed macro conditions, citing stable interest-rate expectations and a gradual reduction in default forecasts for 2026, which support continued deployment of the firm’s $1.2 billion of available capital commitments.

Prospect Capital Management L.P., the investment adviser to Prospect Capital Corporation, brings 38 years of experience managing high-yielding debt and equity investments through both private partnerships and a publicly traded closed-end vehicle. Headquartered in New York City, Prospect employs 150 credit-focused professionals who oversee a diversified portfolio across direct senior loans, mezzanine debt and equity co-investments. As of September 30, 2025, the adviser had $7.3 billion of regulatory assets under management, with approximately 65% allocated to private credit strategies and the balance in publicly traded securities. The firm’s middle-market emphasis has resulted in a historical loss rate below 2%, underscoring its conservative underwriting and active portfolio monitoring capabilities.