Business
Prospect Capital Achieves Outstanding Corporate Culture Recognition Based on Independent Culture Amp Survey
Prospect Capital Achieves Outstanding Corporate Culture Recognition Based on Independent Culture Amp Survey
About this update from Prospect Capital Corporation
[{"type":"text","content":"NEW YORK, March 10, 2025 (GLOBE NEWSWIRE) -- Prospect Capital Management L.P. (“Prospect”), investment advisor to Prospect Capital Corporation (NASDAQ: PSEC) and other funds, is pleased to announce the results of a third party study conducted by one of the world’s leading employee experience platform, Culture Amp, showcasing Prospect’s commitment to fostering an exceptional workplace environment. The comprehensive, independent, and anonymous Culture Amp survey, gathering feedback from professionals across all departments, including affiliates, highlights Prospect's dedication to cultivating a positive and inclusive corporate culture. Prospect exceeded industry benchmarks in nearly every category in the survey. The Culture Amp survey results further illustrate the positive culture at Prospect that was also recently recognized by Mergers & Acquisitions as a “Best Place to Work in Private Capital of 2024.” The survey results revealed several key strengths of Prospect’s workplace culture, including: Employee Engagement: Prospect professionals overwhelmingly expressed enthusiasm for working at Prospect, with a strong majority stating they would recommend it as a great place to work. In response to a separate question, a strong majority also stated they are proud to work for Prospect.Innovation: Prospect professionals recognized Prospect’s culture of innovation with one of the highest scoring statements being ‘we are encouraged to be innovative.’ This is a reflection of the many “firsts” Prospect has pioneered in the BDC industry, including managing PSEC to be the first existing BDC to acquire another BDC; the first BDC to issue convertible bond, program notes, bond ATM, equity ATM, listed perpetual preferred, and programmatic perpetual preferred securities; and the first BDC to complete at the market issuance programs for both common stock and bonds.Career Development: Independent survey responses highlighted the company’s dedication to nurturing career growth, with Prospect professionals appreciating the opportunities to develop and advance their careers. A large majority also expressed happiness with their work role as compared to their expectations based on Prospect’s description of such role, demonstrating Prospect’s transparency toward its workforce.Work-Life Balance: Despite the demands of a competitive industry, Prospect profe...