CLO Outlook: Managers Aim To Pace Issuance In An Uneven Recovery Driven by Covid Vaccine By David Graubard – LevFin Insights In December, PennantPark Founder and Managing Partner Art Penn spoke with David Graubard for his piece in LevFin Insights, which evaluated the 2021 outlook for the CLO market. As detailed below, the best-case scenario is that vaccines begin diminishing Covid-19 in the first half of 2021, before CLOs normalize to 2018-19 spread levels and...Continue Reading

DLD follows up with Art Penn of PennantPark: “There is a general belief that we’ve seen the worst” By Kelly Thompson – Direct Lending Deals PennantPark Founder and Managing Partner Art Penn spoke with Kelly Thompson of Direct Lending Deals to discuss how companies and direct lenders navigated the Covid-19 crisis, and the state of the current economic recovery. “There is a general belief that we’ve seen the worst,” Art said. “That’s not to say...Continue Reading