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