Prospect Capital Announces RGIS Exit With 13.6% Cash on Cash Realized IRR and 1.6x Multiple of Invested Capital
Key Highlights
- ➤RGIS exit expected in November 2026 for approximately $22 million
- ➤RGIS investment generated 13.6% realized gross annualized IRR since 2017
- ➤RGIS investment delivered 1.6x multiple of invested capital
- ➤Prospect plans to rotate proceeds into first lien senior secured debt investments
Expert Statements
David Moszer, Managing Director at Prospect
“Prospect’s successful investment in RGIS provides another example of Prospect’s experience successfully investing in leading companies that generate strong investment returns for our shareholders.”
David Moszer, Managing Director at Prospect
“Prospect is pleased to have worked with and supported RGIS for many years to result in a successful outcome, which will allow us to rotate from this non-income-producing equity investment into additional first lien senior secured income-producing corporate debt investments.”
NEW YORK, Oct. 27, 2026 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”), a leading business development company focused on investing in middle-market businesses, today announced the signing of a definitive agreement for the successful exit of Prospect's investment in RGIS Services, LLC (“RGIS”).
The closing of the transaction is expected to occur in November 2026 and Prospect expects to receive proceeds of approximately $22 million for its investment in RGIS. Over the life of the RGIS investment since 2017, Prospect will have achieved a 13.6% realized gross annualized internal rate of return and 1.6 times multiple of invested capital through a combination of interest income, equity distributions, and other cash flows.
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