v3.25.2
CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES (Parenthetical) - USD ($)
$ in Thousands
Jun. 30, 2025
Jun. 30, 2024
Investments, cost $ 6,693,501 $ 7,447,174
Restricted cash $ 4,282 $ 3,974
Temporary equity, par value (usd per share) $ 0.001 $ 0.001
Temporary equity, shares authorized (in shares) 847,900,000 647,900,000
Temporary equity, shares outstanding (in shares) 70,915,937 69,466,127
Common stock, par value (usd per share) $ 0.001 $ 0.001
Common stock, shares authorized (in shares) 1,152,100,000 1,352,100,000
Common stock, shares issued (in shares) 455,902,826 424,846,963
Common stock, shares outstanding (in shares) 455,902,826 424,846,963
Series A1    
Temporary equity, shares authorized (in shares) 80,000,000 80,000,000
Temporary equity, shares issued (in shares) 26,763,091 28,932,457
Series M1    
Temporary equity, shares authorized (in shares) 80,000,000 80,000,000
Temporary equity, shares issued (in shares) 1,122,110 1,788,851
Series M2    
Temporary equity, shares authorized (in shares) 80,000,000 80,000,000
Temporary equity, shares issued (in shares) 0 0
Temporary equity, shares outstanding (in shares) 0 0
Series AA1    
Temporary equity, shares authorized (in shares) 20,000,000 20,000,000
Temporary equity, shares issued (in shares) 0 0
Temporary equity, shares outstanding (in shares) 0 0
Series MM1    
Temporary equity, shares authorized (in shares) 20,000,000 20,000,000
Temporary equity, shares issued (in shares) 0 0
Temporary equity, shares outstanding (in shares) 0 0
Series A2    
Temporary equity, shares authorized (in shares) 1,000,000 1,000,000
Temporary equity, shares issued (in shares) 163,000 164,000
Temporary equity, shares outstanding (in shares) 163,000 164,000
Series A    
Temporary equity, shares authorized (in shares) 6,900,000 6,900,000
Temporary equity, shares issued (in shares) 5,251,157 5,251,157
Temporary equity, shares outstanding (in shares) 5,251,157 5,251,157
Series A3    
Temporary equity, shares authorized (in shares) 80,000,000 80,000,000
Temporary equity, shares issued (in shares) 24,081,697 24,810,648
Temporary equity, shares outstanding (in shares) 24,081,697 24,810,648
Series M3    
Temporary equity, shares authorized (in shares) 80,000,000 80,000,000
Temporary equity, shares issued (in shares) 2,281,053 3,351,101
Temporary equity, shares outstanding (in shares) 2,281,053 3,351,101
Series A4    
Temporary equity, shares authorized (in shares) 90,000,000 80,000,000
Temporary equity, shares issued (in shares) 6,981,297 3,766,166
Temporary equity, shares outstanding (in shares) 6,981,297 3,766,166
Series M4    
Temporary equity, shares authorized (in shares) 90,000,000 80,000,000
Temporary equity, shares issued (in shares) 2,209,528 1,401,747
Temporary equity, shares outstanding (in shares) 2,209,528 1,401,747
Series AA2    
Temporary equity, shares authorized (in shares) 20,000,000 20,000,000
Temporary equity, shares issued (in shares) 0 0
Temporary equity, shares outstanding (in shares) 0 0
Series MM2    
Temporary equity, shares authorized (in shares) 20,000,000 20,000,000
Temporary equity, shares issued (in shares) 0 0
Temporary equity, shares outstanding (in shares) 0 0
Series A5    
Temporary equity, shares authorized (in shares) 90,000,000 0
Temporary equity, shares issued (in shares) 1,647,217 0
Temporary equity, shares outstanding (in shares) 1,647,217 0
Series M5    
Temporary equity, shares authorized (in shares) 90,000,000 0
Temporary equity, shares issued (in shares) 415,787 0
Temporary equity, shares outstanding (in shares) 415,787 0
Convertible Notes    
Unamortized discount and debt issuance costs $ 0 $ 649
Public Notes    
Unamortized discount and debt issuance costs 6,556 12,433
Prospect Capital InterNotes®    
Unamortized discount and debt issuance costs 8,687 7,999
Control investments    
Investments, cost 3,416,244 [1] 3,280,415 [2]
Non-controlled/Affiliated    
Investments, cost 11,735 11,594
Non-control/non-affiliate investments    
Investments, cost $ 3,265,522 $ 4,155,165
[1] As defined in the 1940 Act, we are deemed to “Control” these portfolio companies because we own more than 25% of the portfolio company’s outstanding voting securities. Transactions during the year ended June 30, 2025 with these controlled investments were as follows:
Controlled CompaniesFair Value at June 30, 2024Gross Additions (Cost)(A)Gross Reductions (Cost)(B)Net unrealized
gains (losses)		Fair Value at June 30, 2025Interest
income		Dividend
income		Other
income		Net realized
gains (losses)
Belnick, LLC (d/b/a The Ubique Group)$— $76,346 $— $(25,180)$51,166 (c)$2,748 $— $33 $— 
CP Energy Services Inc.70,721 15,174 — (536)85,359 12,550 — — — 
CP Energy - Spartan Energy Services, Inc.39,485 10,301 — (12,956)36,830 6,013 — — — 
Credit Central Loan Company, LLC79,230 7,949 — (8,443)78,736 8,711 — — — 
Echelon Transportation, LLC66,923 1,260 (1,260)(1,270)65,653 3,343 — — — 
First Tower Finance Company LLC605,928 27,616 (437)127,411 760,518 65,954 — 421 — 
Freedom Marine Solutions, LLC12,651 975 — (1,966)11,660 — — — — 
InterDent, Inc.463,883 32,479 — (157,581)338,781 39,207 — — — 
Kickapoo Ranch Pet Resort4,742 — (800)(25)3,917 160 — — — 
MITY, Inc.85,583 4,265 — 4,570 94,418 9,336 — 107 12 
National Property REIT Corp.1,696,462 99,723 (285,386)(209,827)1,300,972 89,786 — 14,825 — 
Nationwide Loan Company LLC43,162 6,484 — (12,866)36,780 3,793 — — — 
NMMB, Inc.94,265 — — (22,058)72,207 4,039 — — 6,366 
Pacific World Corporation104,663 20,592 (4,875)(12,410)107,970 9,865 — 286 — 
QC Holdings TopCo, LLC— 77,286 — — 77,286 37 — 2,319 — 
R-V Industries, Inc.102,402 10,000 — (6,825)105,577 5,558 8,774 — — 
Universal Turbine Parts, LLC68,067 20,000 (107)14,768 102,728 4,755 — 300 — 
USES Corp.17,989 8,638 (2,300)(9,809)14,518 2,775 — — — 
Valley Electric Company, Inc.316,419 — — 34,872 351,291 12,677 — 666 — 
Total$3,872,575 $419,088 $(295,165)$(300,131)$3,696,367 $281,307 $8,774 $18,957 $6,378 
(A) Gross additions include increases in the cost basis of the investments resulting from new portfolio investments, OID accretion and PIK interest, and any transfer of investments.
(B) Gross reductions include decreases in the cost basis of investments resulting from principal collections related to investments repayments or sales, impairments, and any transfer of investments.
(C) Belnick, LLC (d/b/a The Ubique Group) was transferred to a control investment effective March 31, 2025 (see endnote 48). Income recognized prior to the reclassification date is reflected as income from non-control/non-affiliate investments on our Consolidated Statement of Operations.
[2] As defined in the 1940 Act, we are deemed to “Control” these portfolio companies because we own more than 25% of the portfolio company’s outstanding voting securities. Transactions during the year ended June 30, 2024 with these controlled investments were as follows:
Portfolio CompanyFair Value at June 30, 2023Gross Additions (Cost)(A)Gross Reductions (Cost)(B)Net unrealized
gains (losses)		Fair Value at June 30, 2024Interest
income		Dividend
income		Other
income		Net realized
gains (losses)
CP Energy Services Inc.$79,355 $11,355 $— $(19,989)$70,721 $11,452 $— $— $— 
CP Energy - Spartan Energy Services, Inc.34,665 8,523 — (3,703)39,485 4,840 — — — 
Credit Central Loan Company, LLC73,642 5,987 — (399)79,230 9,312 — — — 
Echelon Transportation LLC64,198 — (1,861)4,586 66,923 3,470 — — — 
First Tower Finance Company LLC598,382 29,385 (319)(21,520)605,928 62,675 — — — 
Freedom Marine Solutions, LLC12,710 — — (59)12,651 — — — — 
InterDent, Inc.457,967 23,249 — (17,333)463,883 36,946 — — — 
Kickapoo Ranch Pet Resort3,242 1,500 — — 4,742 92 80 75 — 
MITY, Inc.68,178 5,150 — 12,255 85,583 8,988 — 130 (1)
National Property REIT Corp.1,659,976 253,948 (108,950)(108,512)1,696,462 99,538 — 66,799 — 
Nationwide Loan Company LLC47,572 9,972 — (14,382)43,162 5,111 — 147 — 
NMMB, Inc.94,180 — — 85 94,265 4,255 657 — 1,040 
Pacific World Corporation65,746 41,521 — (2,604)104,663 10,164 — 812 — 
R-V Industries, Inc.81,508 3,700 — 17,194 102,402 5,358 — 106 — 
Universal Turbine Parts, LLC45,065 2,500 (49)20,551 68,067 4,030 — — — 
USES Corp.19,527 1,545 — (3,083)17,989 1,990 — — — 
Valley Electric Company, Inc.165,784 4,763 — 145,872 316,419 12,316 — 666 — 
Total$3,571,697 $403,098 $(111,179)$8,959 $3,872,575 $280,537 $737 $68,735 $1,039 
(A) Gross additions include increases in the cost basis of the investments resulting from new portfolio investments, PIK interest, and any transfer of investments.
(B) Gross reductions include decreases in the cost basis of investments resulting from principal collections related to investments repayments or sales, impairments, and any transfer of investments.