Mr. Efrat joined PennantPark in February 2007 as its Chief Financial Officer and Treasurer. Mr. Efrat is also a Managing Director of PennantPark Investment Administration, LLC. Prior to joining the company, he was a Director at BlackRock, Inc., a leading investment firm, from 1997-2007, where he was responsible for a variety of administrative, operational, and financial aspects of closed-end and open-end registered investment companies. From 1994 to 1997, Mr. Efrat was in the Investment Companies Business Unit at Deloitte & Touche LLP. He is a member of the American Institute of Certified Public Accountants and the New York State Society of Certified Public Accountants.