Prospect Capital Launches Preferred Stock Series A5 and M5 on iCapital Marketplace
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 23 2026
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Prospect Capital Management announced that Prospect Capital Corporation's Perpetual Preferred Stock Series A5 and Series M5 ongoing offerings are now available on the iCapital Marketplace, expanding access for institutions, Registered Investment Advisors, private wealth managers, financial advisors, and their investor clients. The launch on iCapital Marketplace provides investors streamlined access to Prospect Capital Corporation's perpetual preferred stock ongoing offerings, which have raised nearly $2 billion to date and currently feature a 7.50% per annum contractual and fixed dividend rate, intended to be paid monthly. The offerings are designed to emphasize low volatility, capital preservation, and attractive cash income.
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About PSEC
Prospect Capital Corporation is a business development company that focuses on lending to and investing in private businesses. Its investment objective is to generate both current income and long-term capital appreciation through debt and equity investments. It invests primarily in senior and subordinated secured debt and equity of private companies in need of capital for acquisitions, divestitures, growth, development, recapitalizations and other purposes. It invests primarily in first and second lien secured loans and unsecured debt, which in some cases includes an equity component. It invests in debt and equity positions of structured credit, which are a form of securitization in which the cash flows of a portfolio of loans are pooled and passed on to different classes of owners in various tranches. It may also acquire controlling interests in companies in conjunction with making secured debt investments in such companies. Its investment adviser is Prospect Capital Management L.P.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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Prospect Capital's Grier Eliasek Discusses Private Credit Investment Opportunities
- Private Credit Strategy: Grier Eliasek, President of Prospect Capital, highlighted in an AdvisorHub interview that current market conditions present unique investment opportunities in the lower middle market, likely attracting increased investor interest.
- Market Experience: With 38 years of experience in high-yield debt and equity investments, Prospect Capital Management demonstrates adaptability in complex market environments through private partnerships and publicly traded closed-end structures.
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- Asset Management Scale: As of September 30, 2025, Prospect and its affiliates manage $7.3 billion in regulatory assets, showcasing their strong capabilities and market influence in the private credit sector.
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