Prospect Capital Corporation has invested $65 million in Taos Footwear Holdings, LLC to support its growth and innovation in the lifestyle footwear market.

Target Information

Taos Footwear Holdings, LLC, commonly known as Taos Footwear, is a prominent and innovative footwear brand that focuses on providing customers with both stylish and supportive footwear options. Over the past two decades, the Company has built a strong reputation for its unique supportive footbed, which has significantly transformed the lifestyle footwear market. With a commitment to quality and craftsmanship, Taos Footwear has catered to a loyal customer base, leading to substantial growth and expansion within the industry.

The continued success and evolution of Taos Footwear can be attributed to its founder, Glen Barad, and the dedicated leadership team. They have consistently developed differentiated products that align with consumer needs, solidifying the company's position as a leader in footwear innovation. As the Company has grown, it recognized the necessity for a strategic partner capable of providing both capital and expert guidance to further its ambitions.

Industry Overview

The footwear industry in the United States has experienced significant transformation over the years, driven by changing consumer preferences and an increasing demand for comfort and style. Lifestyle footwear has emerged as a category that prioritizes not on