Author: Mike Cosentino

  • Understanding The Lower Middle Market

    Many advisors are seeking alternative income options and improved risk/return portfolio outcomes for their clients. Understanding the benefits and risks and various considerations of investing in private credit is critical to proper portfolio management. Please join us for this in-depth discussion that will cover: Watch Now →

  • Middle-Market Direct Lending Trends

    Middle-Market Direct Lending Trends

    Join Grier Eliasek (President and COO of Prospect Capital Corporation) and David Moszer (Managing Director) for a discussion of middle-market direct lending trends, financing, and more.

  • Preferred Stock as a Low Volatility, Downside Protected and Income Generating Asset Class

    This webcast will provide an overview on the preferred asset class and what makes it different than other fixed income and alternative investments, including low volatility, downside protection, and income generation benefits. Attendees will learn about the structure of non-traded preferred stock and how it fits into a portfolio. Watch…

  • Understanding Private Credit

    Many advisors are seeking alternative income options and improved risk/return portfolio outcomes for their clients. Understanding the benefits and risks and various considerations of investing in private credit is critical to proper portfolio management. Please join us for this in-depth discussion that will cover: Watch Now →

  • Priority Income Fund: Understanding Senior Secured Loans and Collateralized Loan Obligations

    Prospect Capital presents Priority Income Fund, a 1940 Act closed-end registered investment company that invests in equity and junior debt tranches of Collateralized Loan Obligations (“CLOs”), or pools of first lien senior secured loans to large U.S.-based companies. Join us for this in-depth discussion to learn more about senior secured…

  • Prospect Capital Management Partners with iCapital to Expand Investment Advisor Access to Closed End Fund (CEF) and Business Development Company (BDC) Opportunities 

    Prospect Capital Management Partners with iCapital to Expand Investment Advisor Access to Closed End Fund (CEF) and Business Development Company (BDC) Opportunities 

    Prospect Capital Management L.P. announced today a strategic partnership with iCapital, the global fintech platform driving access to alternative investments for the asset and wealth management industries.

  • Prospect Capital Management is Named One of the Best Places to Work in the Private Capital Industry

    Prospect Capital Management is Named One of the Best Places to Work in the Private Capital Industry

    Prospect Capital Management L.P. announced today that Mergers & Acquisitions has named Prospect a 2024 Best Place to Work in Private Capital. Mergers & Acquisitions recognized Prospect’s meritocracy without bureaucratic and hierarchical structures.

  • Private Credit: Competitive Refinancing Pressure Muted in the Lower Middle Market

    Private Credit: Competitive Refinancing Pressure Muted in the Lower Middle Market

    Private credit (direct lending) has increasingly captured a larger share of the loan market in recent years, partly by refinancing borrowers from the broadly syndicated loan market. While the broadly syndicated loan market regained some ground in Q1 2024, private credit lenders countered by reducing pricing in Q2 to defend…

  • Private Credit: 2024 Demand Outlook

    Private Credit: 2024 Demand Outlook

    The Federal Reserve began raising interest rates in March 2022 and continued at the fastest pace in decades. This sharp increase dampened origination activity into the first half of 2023 before picking up in Q3 2023. We expect more robust origination volume from refinancings and M&A in 2024, which benefits…

  • Prospect Capital Management is Named a Top Private Debt Firm

    Prospect Capital Management is Named a Top Private Debt Firm

    Prospect Capital Management L.P. (“Prospect”) announced today that GrowthCap has named Prospect a Top Private Debt Firm of 2023.   “Thank you to GrowthCap for recognizing our longstanding approach and dedication” said John Barry, CEO of Prospect. He added, “We are proud of our long history of providing important capital to…

  • Private Credit: Investing in a Higher Rate Environment

    Private Credit: Investing in a Higher Rate Environment

    While slower economic growth and higher interest rates have dampened M&A deal activity, private credit investors can stand to benefit in the current higher-for-longer interest rate environment. Prospect believes this current rate environment provides an opportune time for allocators to consider investing in private credit. Higher Interest Rates May Benefit…

  • Private Credit vs. Syndicated Leveraged Loans

    Private Credit vs. Syndicated Leveraged Loans

    Private credit and syndicated leveraged loans are distinct financial arrangements. Understanding the difference between the two is key for prudent investors and borrowers alike. Private Credit Syndicated Leveraged Loans Privately Originated Often Rarely Privately Negotiated Often Rarely Floating Rate Often Often Senior Secured Often Often Financial Maintenance Covenants Often Rarely…

  • Private Credit Myths: Bigger is Better

    Private Credit Myths: Bigger is Better

    In the wake of an unprecedented economic cycle, we have noticed an uptick in conversation regarding middle-market loans. Specifically, investors have expressed concern that the middle and lower middle-market segments of private credit are riskier than other segments. Historical data reveals a compelling narrative. Contrary to popular belief, core middle-market…

  • Prospect Capital Management Wins Best Real Estate Investor USA

    Prospect Capital Management Wins Best Real Estate Investor USA

    Prospect Capital Management L.P. (“Prospect”) announced today that Capital Finance International (“CFI”) has named Prospect the Best Real Estate Investor USA. The award recognizes organizations that contribute significantly to the convergence of economies and add value for all stakeholders. CFI has awarded Best Real Estate Investor USA to Prospect based…

  • Prospect Capital Management Wins Best Middle-Market Lending Investor USA

    Prospect Capital Management Wins Best Middle-Market Lending Investor USA

    Prospect Capital Management L.P. (“Prospect”) announced today that Capital Finance International (“CFI”) has named Prospect the Best Middle-Market Lending Investor USA. The award recognizes organizations that contribute significantly to the convergence of economies and add value for all stakeholders. CFI has awarded Best Middle-Market Lending Investor USA to Prospect based…