PennantPark

Art Penn of PennantPark Investment Advisors, which manages mid-market private credit funds and has $6.1 billion invested across 170 businesses, talks about his 2023 expectations.

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 ...

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. ...

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% ...

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 ...

New York credit specialist PennantPark announced a joint venture with private market giant Pantheon to create the PennantPark Senior Loan Fund I. Pantheon acquired a 28% stake or $35 million in PennantPark’s special purpose vehicle PennantPark Investment Corp. that currently ...

In the recent months, a growing number of new credit funds have started fundraising as investor appetite for distressed debt, CLOs and other niche special situations is on the rise. PIMCO reportedly is raising up to $3 billion in a ...

PennantPark Investment Advisers is raising $250 million to $1 billion for a broadly syndicated loan fund to capture discounted assets, according to market sources. The $3.8 billion firm based in New York has two main platforms – opportunistic and senior credit. ...