Art Penn Featured on Bloomberg Markets: European Close
“We’re as busy as we’ve ever been in 14 years in the business.”
PennantPark’s Founder and Managing Partner, Art Penn, spoke with Bloomberg TV’s Alix Steel, Guy Johnson, and Sonali Basak, during “Bloomberg Markets: European Close,” where he discussed the factors contributing to the growth of non-bank lenders, the trend of big banks exiting the middle market, loan growth, global supply chain issues, and more. During this interview, Art noted that as banks exit the middle market, non-bank lenders such as PennantPark, can provide a valuable solution in a more nimble manner, which represents attractive risk / reward to its investors.