New Commitments Increase Investment Capacity by $460 Million PennantPark Investment Advisers, LLC officially announced the successful closing of our fifth commingled fund, PennantPark Senior Credit Fund Levered, LP, which secured $460 million in additional investment capacity and marked another significant step forward in the growth of our middle market private credit investment business. From pre-COVID inception in mid-2019 through March 31, 2021, PSCF-Lev’s gross and net annualized returns were 17.7% and 15.3%, respectively, surpassing the...Continue Reading

(NY) PennantPark Locks Down US$460m for Middle Market Lending – RLPC News Andrew Hedlund – Refinitiv Andrew Hedlund of Refinitiv shared news of the successful closing of PennantPark’s fifth comingled fund, PennantPark Senior Credit Fund Levered (“PSCF-Lev”), which secured $460 million in additional investment capacity. From pre-COVID inception in mid-2019 through March 31, 2021, the fund has posted annualized gross and net internal rates of return (IRR) of 17.7% and 15.3, respectively, surpassing the target...Continue Reading