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Prospect Capital And Thesis Capital Partners Invests $18 Million in The Ridge

Mon, Sep 15, 2025, 8:17 AM 2 min read

Prospect Capital Corporation (NASDAQ:PSEC) is one of the 12 Best NASDAQ Penny Stocks to Buy According to Hedge Funds. On September 8, Prospect Capital Corporation (NASDAQ:PSEC) and an affiliate completed an $18 million investment in The Ridge.

In collaboration with Thesis Capital Partners, Prospect Capital has provided a first lien senior secured term loan and an equity investment to The Ridge, a physician-led addiction treatment facility that provides personalized care in a luxurious residential setting. The company offers various services, from detoxification to outpatient care, integrating evidence-based clinical treatments with holistic therapies.

Prospect Capital And Thesis Capital Partners Invests $18 Million in The Ridge

“Prospect is pleased to provide growth capital to The Ridge to work in collaboration with Thesis Capital Partners and The Ridge management team. The Ridge is a differentiated treatment facility focused on professionals in the high-end substance abuse market. We look forward to supporting the Company’s continued growth,” said David Moszer, Managing Director at Prospect.

On September 9, Wells Fargo analyst Finian O’Shea reiterated a Sell rating on Prospect Capital Corporation (NASDAQ:PSEC), keeping the price target at $2.5. The company’s net debt to total assets ratio of 30.4% indicates a relatively high level of leverage. Prospect’s real estate investment, which yields 4.5%, is being strategically exited, which is impacting income from this segment. Despite these challenges, Prospect continues to diversify its funding strategy with $12.2 billion of commitments from 48 banks as of Q2 FY2025, reflecting strong support from the lender community.

Prospect Capital Corporation (NASDAQ:PSEC) is a business development company that focuses on lending to and investing in private businesses. The company’s debt and equity investments allow it to generate current income and achieve long-term capital appreciation.

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