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 . . .
Unlock this article instantly, along with the rest of our premium content and benefits including daily/weekly/monthly newsletters.
A pay-as-you-go plan to get you started
→ Instantly unlock all new and archived articles
→ Daily, weekly and monthly e-mail newsletters
→ Access to the weekly AW Deal Watch by AW Research
Get more for less - 20% discount over monthly
→ Everything in Monthly PLUS:
→ Access to articles and data from AW Research
→ AW Annual Investor Compendium – our comprehensive guide to investor activity, with a ranking of the most active investors for the year and profiles of the top global allocators