PSEC is managed by Prospect Capital Management LLC ("PCM"). PCM has been registered as an investment advisor with the United States Securities and Exchange Commission since 2004. PCM has a 25-year history of investing in middle-market companies and managing private, high-yielding debt and equity investments using both private partnership and publicly-traded closed-end structures. PCM's team has invested in more than 300 middle-market companies and its senior executives have worked together for more than a decade, through multiple economic and investing cycles. PCM's team is listed below.