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 . . .

Continue Reading

Unlock this article instantly, along with the rest of our premium content, newsletters and data tables tracking investor and manager activity. Annual subscriptions get you the most bang for your buck, including access to Alternatives Watch Research articles and out Annual Investor Compendium.

Monthly subscriptions and discounted corporate plans for up to 100 members also available.

Related Articles

Back to top button

Start Your Days in the Know

 

Get fresh alts intel in your inbox with our FREE newsletter!

You have Successfully Subscribed!