Structured Credit

Prospect Capital focuses on non-mortgage structured credit asset back securities.

Approach

We primarily invest in the equity and debt tranches of U.S. collateralized loan obligations (“CLOs”). We make both majority and minority CLO investments in both the primary and secondary markets. Our analytical approach identifies attractive opportunities with relative value.

43

Cumulative Collateral Managers

521

Cumulative Investments

$3.7B

Cumulative Invested

$1.9B

Assets under Management

Origination

We target opportunities with outsized yield and low correlation relative to other fixed income strategies.

Collateral Types:

Senior and secured loans
Auto loans
Consumer loans
Small business loans

Strategic Advantages:

Collateralized assets with structural protection
Historically higher yields and lower defaults than corporate loans
Diverse underlying portfolios
Resilient to interest rate changes