Capital solutions built on trusted relationships.
PennantPark was established in 2007 to provide investors with access to middle market credit. By design—and to set ourselves apart—we are an independent manager with no affiliations or competing strategies. Our sole purpose is to generate attractive returns for our investors.
We primarily invest in the core middle market, targeting companies with earnings of $10 million to $50 million. These mid-sized companies are often overlooked by banks and large investment managers, resulting in higher yields, lower leverage, and stronger lender protections when compared to the upper middle market and broadly syndicated loans. We focus on five key industry verticals where our track record is excellent and where we have the most expertise and experience. These industries include healthcare, government services, business services, consumer, and software & technology.
Our geographic footprint spans offices in Miami (HQ), New York, Chicago, Houston, Los Angeles, and Amsterdam. This broad reach helps us maintain strong relationships, bolster investment flow, conduct on-site diligence, and build diversified portfolios.
Stable and experienced leadership team.
PennantPark’s senior investment professionals bring tremendous depth of experience in middle market credit, averaging over 26 years in the industry. Prior to PennantPark, our senior team members worked alongside one another within various predecessor firms dating back to the mid-1990s. We continue to benefit from our senior leadership team’s extensive experience, industry expertise, and long history of collaboration.
Long-term track record spanning economic cycles.
As a pioneer in the private credit industry, we have built a long-term track record of delivering attractive risk-adjusted returns to investors. Unlike many new entrants, our team has successfully navigated through challenging market conditions including the Global Financial Crisis and COVID-19 pandemic. PennantPark has invested over $20 billion since 2007.
Serving a diversified investor base.
We manage multiple product offerings to accommodate a broad range of institutional and individual investors with varied financial objectives. Available fund structures include:
