# Prospect Capital Advisors, LLC

> Prospect Capital Advisors, LLC is an SEC-registered investment advisory firm in Sausalito, CA, registered since 2015, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 119531
- Filed as: PROSPECT CAPITAL ADVISORS, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Sausalito, CA
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/119531
- AdvisorCensus page: https://advisorcensus.com/firm/prospect-capital-advisors-llc-sausalito-ca-119531

## Quick answers

**How is Prospect Capital Advisors, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Prospect Capital Advisors, LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Prospect Capital Advisors, LLC located?**
Prospect Capital Advisors, LLC's principal office is in Sausalito, CA, according to its Form ADV.

**Is Prospect Capital Advisors, LLC registered with the SEC or a state?**
Prospect Capital Advisors, LLC is an SEC-registered investment advisory firm, registered since 2015. Status as filed: Approved. CRD 119531.

**How much does Prospect Capital Advisors, LLC manage?**
Prospect Capital Advisors, LLC reports $309,360,013 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary).

**How have Prospect Capital Advisors, LLC's assets and staff changed since 2021?**
In the Form ADV data for Prospect Capital Advisors, LLC: Regulatory assets under management: $463,691,000 in the October 2021 data and $309,360,013 in the October 2026 data, down 33%. Total employees: 4 in October 2021 and 4 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Prospect Capital Advisors, LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (3).

**Does Prospect Capital Advisors, LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/119531

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Regulatory assets under management (Item 5.F)
- Total: $309,360,013
- Discretionary: $309,360,013
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 3 | $309,360,013 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2015 (11 years)
- Employees: 4 total, 2 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, NY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $463,691,000 | 4 | March 31, 2021 |
| October 2022 | $449,788,000 | 3 | August 31, 2022 |
| October 2023 | $390,818,276 | 3 | March 31, 2023 |
| October 2024 | $439,718,388 | 3 | March 29, 2024 |
| October 2025 | $288,032,681 | 4 | March 26, 2025 |
| October 2026 | $309,360,013 | 4 | March 31, 2026 |

Regulatory assets under management: $463,691,000 in the October 2021 data and $309,360,013 in the October 2026 data, down 33%.
Total employees: 4 in October 2021 and 4 in October 2026.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Prospect Capital Advisors, LLC (CRD 119531): Form ADV filing data as of October 2026.