PennantPark raises levered credit assets

PennantPark Investment Advisers secured $460 million in additional investment for its fifth commingled fund as private credit strategies surge in popularity.

PennantPark Senior Credit Fund Levered (PSCF-Lev) is one of eight dedicated investment vehicles in the firm’s senior debt strategy. The fund invests in directly originated senior secured first lien floating rate loans with selective equity co-investments to U.S. companies.

Ely Place Partners assisted with fundraising for PSCF-Lev, which represents growth in the New York firm’s middle market private credit investment business. PSCF will be accepting commitments for the . . .

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