Art Penn talks about middle market credit
Judy Khan Shaw – MiNYSE Floor Talk
“We think 2023 is going to be a great vintage for middle market private credit because risk is lower, debt relative to cash flow is lower, tighter covenants and more time to do proper due diligence, and the yields and spreads are higher.”
PennantPark’s Founder and Managing Partner, Art Penn, recently appeared on NYSE Floor Talk to discuss some of the opportunities he sees in the middle market space. During his interview with Judy Shaw, Art specifically highlights how attractive vintage will be in 2023.