Direct Lending Booms in Europe with Big Funds, Growth Outlook By Tom Stabile – FundFire PennantPark Founder and Managing Partner Art Penn spoke with Tom Stabile of FundFire for his piece on the growth of direct lending in Europe. Art noted that, while opportunities exist, the longstanding relationships between European banks and middle market companies has resulted in stronger competition and a slower adoption of direct lending allocations. “From the investor standpoint, it’s earlier days...Continue Reading

“We, as an industry, we’re able to come to the table quickly to really help solve the problem and also protect the interest of our investors.” PennantPark Founder and Managing Partner Art Penn recently discussed how middle market credit weathered the Covid-19 downturn on the Private Debt After the Pandemic Webinar. Art highlighted the similarities and differences managing through Covid-19 and the Global Financial Crisis, focusing specifically on the crucial role that equity support played...Continue Reading