Top Banner
Prospect Capital Corp’s 10 Largest Investments
12

Prospect Capital's 10 Largest Investments

Nov 30, 2014

Download

Economy & Finance

The Motley Fool

What are you really buying when you invest in Prospect?
Welcome message from author
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
Page 1: Prospect Capital's 10 Largest Investments

Prospect Capital Corp’s 10 Largest Investments

Page 2: Prospect Capital's 10 Largest Investments

1. Progrexion Holdings

• Progrexion is a leader in helping consumers repair their credit

• The company has been around for 20 years, and partners with Lending Tree, Credit Karma, and credit bureaus Equifax and TransUnion

• Brands include– Lexington Law Firm– Creditrepair.com– eFolks

7.3% of portfolio

Page 3: Prospect Capital's 10 Largest Investments

2. First Tower Holdings of Delaware

• Operating as “Tower Loan”, this is one of the largest independent finance companies in the U.S.

• Tower Loan operates more than 180 branch offices and serves more than 200,000 customers

• The company has been in business since 1936

5.5% of portfolio

Page 4: Prospect Capital's 10 Largest Investments

3. Harbortouch Holdings of Delaware

• Harbortouch is one of the leading provider of merchant services including– Point-of-sale (POS) systems– Electronic cash registers– Credit card terminals

• Harbortouch handles the merchant accounts for about 110,000 U.S. business and processes more than $9 billion annually

4.6% of portfolio

Wikipedia/ N7912

Page 5: Prospect Capital's 10 Largest Investments

4. Instant Web LLC

• Doing business as IWCO Direct, the company is a leader in direct mailing services including – Printing– Assembling– mailing

• In business since 1969

4.5% of portfolio

Page 6: Prospect Capital's 10 Largest Investments

5. Broder Bros Co.

• Broder Bros. Company distributes imprintable apparel for use by screenprinters, embroiderers, and other clothing companies

• Partners include– Adidas– Dickies– Fruit of the Loom– Hanes– Izod– New Balance– Russell Athletic

4.3% of portfolio

Page 7: Prospect Capital's 10 Largest Investments

6. APH Property Holdings

• Also known as American Property Holdings, APH is a new REIT

• The company represents one of Prospect’s initial real estate investments

• APH invests in apartment and industrial properties, like Abbington Pointe in Georgia (pictured)

3.4% of portfolio

Source: Zillow

Page 8: Prospect Capital's 10 Largest Investments

7. Capstone Logistics LLC

• Capstone is a provider of performance workgroup solutions such as– Production support

services– Building and ground

maintenance– Distribution center

services– Much more

• In business for almost 30 years

3.3% of portfolio

Page 9: Prospect Capital's 10 Largest Investments

8. United Sporting Companies

• Based in Chapin, SC, United Sporting Companies is a wholesale distributor of firearms, shooting accessories, hunting supplies, and more

• Subsidiaries Ellett Brothers and Jerry’s Sports Center distribute to more than 20,000 retailers in all 50 states

2.7% of portfolio

Public domain

Page 10: Prospect Capital's 10 Largest Investments

9. ING IM Collateralized Loan Obligations (CLO)

• These are securities backed by a pool of debts, mainly low-rated corporate loans

• This allows us to receive high returns while diversifying the loan portfolio

2.6% of portfolio

Page 11: Prospect Capital's 10 Largest Investments

10. Arctic Glacier U.S.A.

• Arctic Glacier is one of the leading manufactures and distributors of packaged ice found in grocery and convenience stores

• The company has grown tremendously through an aggressive acquisition strategy– Operates 50 distribution

facilities in Canada and the Northeastern U.S.

– More than 1,100 year-round employees

2.5% of portfolio

Source: www.walmart.com (labeled for reuse)