Prospect Capital Corporation and Affiliate Complete $18 Million Investment in The Ridge
Prospect Capital Corporation (NASDAQ: PSEC) and an affiliate have completed an approximately $18 million investment in The Ridge, a high-end addiction treatment facility. The investment package includes a first lien senior secured term loan, a revolving credit facility, and an equity investment, executed in partnership with Thesis Capital Partners.
The Ridge specializes in providing personalized addiction treatment services in a luxury residential setting, offering comprehensive care from detoxification to outpatient services. The facility focuses on serving professionals in the high-end substance abuse market, emphasizing privacy, professionalism, and evidence-based clinical treatments combined with holistic therapies.
Prospect Capital Corporation (NASDAQ: PSEC) e un affiliato hanno completato un investimento di circa $18 milioni in The Ridge, una struttura di alto livello per il trattamento delle dipendenze. Il pacchetto di finanziamento comprende un prestito a termine senior garantito con privilegio di primo grado, una linea di credito revolving e un investimento in equity, realizzati in collaborazione con Thesis Capital Partners.
The Ridge è specializzata in servizi personalizzati per il trattamento delle dipendenze in un contesto residenziale di lusso, offrendo cure complete dalla disintossicazione ai servizi ambulatoriali. La struttura si rivolge principalmente a professionisti del segmento alto del mercato delle dipendenze, puntando su riservatezza, professionalità e trattamenti clinici basati su evidenze integrati con terapie olistiche.
Prospect Capital Corporation (NASDAQ: PSEC) y un afiliado han completado una inversión de aproximadamente $18 millones en The Ridge, un centro de tratamiento de adicciones de alto nivel. El paquete de inversión incluye un préstamo a plazo senior garantizado con primer gravamen, una línea de crédito revolvente y una inversión de capital, ejecutados en asociación con Thesis Capital Partners.
The Ridge se especializa en ofrecer servicios personalizados para el tratamiento de adicciones en un entorno residencial de lujo, proporcionando atención integral desde la desintoxicación hasta los servicios ambulatorios. El centro se enfoca en atender a profesionales del segmento alto del mercado de abuso de sustancias, con énfasis en la privacidad, la profesionalidad y tratamientos clínicos basados en la evidencia combinados con terapias holísticas.
Prospect Capital Corporation (NASDAQ: PSEC)와 계열사는 고급 중독 치료 시설인 The Ridge에 약 $18백만 규모의 투자를 완료했습니다. 이번 투자 패키지는 선순위 담보 대출(일차 권리), 회전 신용 시설 및 지분 투자로 구성되었으며 Thesis Capital Partners와 협력해 실행되었습니다.
The Ridge는 고급 주거형 환경에서 개인 맞춤형 중독 치료 서비스를 제공하며 해독부터 외래 서비스까지 포괄적인 케어를 제공합니다. 이 시설은 고급 약물 남용 시장의 전문직 종사자를 주요 대상으로 하며, 프라이버시, 전문성, 근거 기반의 임상 치료와 홀리스틱 치료를 결합한 접근을 강조합니다.
Prospect Capital Corporation (NASDAQ: PSEC) et une affiliée ont finalisé un investissement d'environ 18 millions de dollars dans The Ridge, un établissement haut de gamme de traitement des addictions. Le package d'investissement comprend un prêt à terme senior garanti par une première hypothèque, une facilité de crédit renouvelable et un investissement en capital, exécutés en partenariat avec Thesis Capital Partners.
The Ridge se spécialise dans la fourniture de soins personnalisés en matière d'addiction dans un cadre résidentiel de luxe, offrant des soins complets de la désintoxication aux services ambulatoires. L'établissement cible principalement les professionnels du marché haut de gamme de l'abus de substances, en mettant l'accent sur la confidentialité, le professionnalisme et des traitements cliniques fondés sur des preuves, combinés à des thérapies holistiques.
Prospect Capital Corporation (NASDAQ: PSEC) und ein verbundenes Unternehmen haben eine rund 18 Mio. $ Investition in The Ridge, eine hochwertige Einrichtung zur Behandlung von Suchtkrankheiten, abgeschlossen. Das Investitionspaket umfasst ein vorrangiges besichertes Term-Darlehen, eine revolvierende Kreditlinie und eine Eigenkapitalbeteiligung, die in Partnerschaft mit Thesis Capital Partners durchgeführt wurden.
The Ridge spezialisiert sich auf personalisierte Suchtbehandlungen in einem luxuriösen Wohnumfeld und bietet umfassende Betreuung von der Entgiftung bis zu ambulanten Diensten. Die Einrichtung richtet sich vornehmlich an Berufstätige im oberen Segment des Substanzmissbrauchsmarktes und legt Wert auf Diskretion, Professionalität sowie evidenzbasierte klinische Behandlungen kombiniert mit ganzheitlichen Therapien.
- Strategic investment into the growing healthcare sector with focus on addiction treatment
- Diversification of portfolio through both debt and equity components
- Partnership with established healthcare operator in premium market segment
- Secured position through first lien senior secured loans
- Exposure to highly regulated healthcare sector
- Concentration risk in luxury segment during uncertain economic conditions
NEW YORK, Sept. 08, 2025 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (“Prospect”) (NASDAQ: PSEC) and an affiliate have provided a first lien senior secured term loan, a first lien senior secured revolving credit facility, and an equity investment to TCSPV Holdings IV, LLC (“The Ridge” or “Company”), aggregating approximately
The Ridge is a physician-led addiction treatment facility that delivers personalized care in a luxurious residential setting. The Company offers a wide array of services, from detoxification to outpatient care, integrating evidence-based clinical treatments with holistic therapies.
“Prospect is pleased to provide growth capital to The Ridge to work in collaboration with Thesis Capital Partners and The Ridge management team,” said David Moszer, Managing Director at Prospect. “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.”
“We deeply appreciate Prospect's responsiveness in providing value-added capital to The Ridge,” said Ian J.H. Reynolds, Founder & Managing Partner of Thesis Capital Partners. “The Ridge has built an exceptional team with a clinically unique model focused on privacy, professionalism, and real outcomes. We are proud to support the organization’s mission, and are excited to help drive this next phase of growth in enhancing the ability to deliver transformative care in a setting rooted in dignity, discretion, and clinical excellence.”
About Prospect Capital Corporation
Prospect is a business development company that primarily lends to and invests in middle market privately-held companies. Prospect’s investment objective is to generate both current income and long-term capital appreciation.
Prospect has elected to be treated as a business development company under the Investment Company Act of 1940. Prospect has elected to be treated as a regulated investment company under the Internal Revenue Code of 1986.
About Thesis Capital Partners
Based in Houston, Texas, Thesis Capital Partners is a sponsor investing in family-owned businesses across the United States. Thesis partners with exceptional entrepreneurs and management teams to guide and support operational transformation and business growth across a variety of industries.
Caution Concerning Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, whose safe harbor for forward-looking statements does not apply to business development companies. Any such statements, other than statements of historical fact, are highly likely to be affected by other unknowable future events and conditions, including elements of the future that are or are not under our control, and that we may or may not have considered; accordingly, such statements cannot be guarantees or assurances of any aspect of future performance. Actual developments and results are highly likely to vary materially from any forward-looking statements. Such statements speak only as of the time when made, and we undertake no obligation to update any such statement now or in the future.
For additional information, contact:
Grier Eliasek, President and Chief Operating Officer
Telephone (212) 448-0702
FAQ
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