Prospect Flexible Income Management, LLC (New York)

Prospect Flexible Income Management, LLC is an investment adviser to a business development company based in New York. It manages $26.44 million of regulatory assets for 1 client accounts. It has been registered with the SEC as an adviser since 2018.

Prospect Flexible Income Management provides portfolio management for investment companies. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Prospect Flexible Income Management: assets under management

The assets under management (AUM) of Prospect Flexible Income Management, LLC is $26.44 million, all of which is managed in discretionary accounts. The company doesn't manage any assets belonging to foreign clients.

The firm manages $26.44 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $26.44 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Prospect Flexible Income Management, LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Prospect Flexible Income Management serves?

The only and largest group of clients of Prospect Flexible Income Management is business development companies with 1 clients and $26.44 million of assets under management. Among the 2 most similar advisory firms, Prospect Flexible Income Management has the highest percentage of business development companies out of all clients.

The amount of regulatory assets under management is $26.44 million for 1 clients. None of the firm’s clients are foreign persons or businesses.

Prospect Flexible Income Management doesn't advise any private funds.

Careers at Prospect Flexible Income Management, LLC

The company employs 106 people that are either part- or full-time employees. 52 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Grier M. Eliasek	Coo & president	1 Aug 2018	Other	6119265
John Francis Barry	Chairman & ceo	1 Aug 2018	Other	1995793
Kristin Lea Van Dask	Cfo, cco, secretary & treasurer	1 Aug 2018	Other	5213098
Prospect Capital Management L.P.	Member	1 Aug 2018	75% - 100%	131018

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
John Francis Barry	Member	1 Oct 2004	75% - 100%	1995793

Based in New York

The principal office where Prospect Flexible Income Management, LLC performs its advisory services is located at 10 East 40 Th Street, New York, NY 10016, which is also the mailing address of the firm. An additional office of the firm is in Darien, CT. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-448-0702 or by fax 212-448-9652. The normal business hours are 8:30 am to 7:00 pm on Monday - Friday.