PennantPark hires for fundraising role

Former Crescent Capital executive Pete Mitchell has joined PennantPark Investment Advisors as managing director and head of private capital fundraising, a new position at the New York-based manager.

The $5.2 billion firm continues to grow its middle market private credit platform and this summer secured $460 million in additional investment for its fifth commingled fund as private credit strategies surge in popularity. The PennantPark Senior Credit Fund Levered (PSCF-Lev) is one . . .

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