PennantPark banks strong Q4 with BDCs
PennantPark’s NASDAQ-listed offerings both reported positive net asset value growth in the fourth quarter as the underlying senior secured debt investments within the portfolios booked strong gains.
The PennantPark Investment Corporation saw net asset value growth per share of 14.5% in the fourth quarter with an investment portfolio, including investments in the PennantPark Senior Loan Fund, totaling $1.2 billion.
“We are pleased with the substantial increase in net asset value this past quarter due to material appreciation in value of several equity co-investments,” said Arthur Penn, chairman and CEO at . . .
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