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 ...

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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. ...

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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% ...

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PennantPark closes opportunistic credit strategy

The PennantPark Credit Opportunities Fund III is now closed to outside investors, signaling continued investor interest in the absolute returns available within opportunistic credit. This is the fourth dedicated investment vehicle in this niche investment space for the New York-based ...

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