Profile

Prospect Capital Management L.P. (“Prospect”), founded in 1988, is a private debt and private equity manager with approximately $9.6 billion of assets under management as of September 30, 2025. The firm has a 38-year operating history and has invested $23.6 billion across 1,155 investments, spanning multiple economic and credit cycles.

Prospect focuses on capital preservation and attractive current income, complemented by selective capital appreciation. The firm’s core investment strategies include middle-market direct lending, structured credit, and real estate, with an emphasis on senior and secured positions, downside protection, and repeat relationships. Prospect typically acts as a sole or lead investor, allowing for enhanced structuring, diligence, and portfolio monitoring.

Prospect has maintained the same senior management team for over 26 years and operates with an institutional-quality, Sarbanes-Oxley–compliant infrastructure. The firm is SEC-registered and employs more than 140 professionals across investment, risk, finance, legal, and asset management functions.

Awards

2025 Top Private Credit Firms

2023 Top Private Debt Firms

2016 Top 40 Under 40 Growth Investors

Key People

Prospect is led by John Barry, Chairman and Chief Executive Officer, who has been with the firm for 35 years and has overseen its growth into a diversified private credit platform. Grier Eliasek, President and Chief Operating Officer, joined Prospect in 2000 and is responsible for day-to-day operations and investment execution across strategies. Kristin Van Dask, Chief Financial Officer, brings deep financial oversight and has served at Prospect for 17 years. Daria Becker, Head of Administration, has been with the firm for 28 years and oversees core operational and administrative functions.

Together, the senior leadership team reflects long tenure, continuity, and deep alignment, which Prospect views as a key differentiator in navigating credit cycles and managing risk on behalf of investors.

Key Investments

First Tower: Invested June 2012
Sector: Consumer Finance

First Tower is one of the largest branch-based consumer finance companies in the central and southern United States. First Tower provides customized financing solutions including secured personal installment loans, retail financing, and mortgage loans. You may also add a note on the nature of the invest.

RK Logistics: Invested March 2022
Sector: Third-party Logistics

Provides third party logistics services specializing in turnkey inventory management and manufacturing logistics solutions. You may also add a note on the nature of the investment (e.g., type of credit provided) if it helps illustrate your firm’s strategy or approach. Minority equity combined with first lien term loans, including add-ons, to support further growth.

Hiller: Invested October 2022, Exited June 2024
Sector: Commercial Services & Supplies

Supplies, designs, installs, monitors, and services fire protection products for protecting life and property.

CEO Reviews

Lowell Martin, Chief Financial Officer, Atlantis Healthcare

“Prospect has been a strong supporter of our company over the years. When Hurricane Maria impacted our operations in Puerto Rico, Prospect was quick to provide working capital assistance to support our company. Prospect has been a reliable and dependable lending partner for our company.”

Andy Youniss, President and CEO, Rocket Software 

“We’ve had a long and productive partnership with Prospect. The Prospect team took the time to learn and understand our business. Their long-term belief in our company has manifested in a financing solution that has been critical to our efforts to grow, create value, and recapitalize. I consider John a partner and always enjoy his involvement in our business and our discussions on the industry in general. I look forward to having John and team involved in our business in the years ahead.”

Glen Barad, Founder and CEO, Taos Footwear 

“As the business has scaled, we saw a need for a value-added collaborator that could offer both capital and strategic expertise to elevate our brand. Prospect is the ideal fit to help us achieve our vision and drive continued success.”