Art Penn Quoted in Creditflux

Credit Rendezvous: Make yourself comfortable, there’s a storm coming

Hugh Minch – Creditflux

“Even in the face of an expected US recession in 2023, Penn says that the low risk levels of the 2023 vintage of direct lending funds could see them become one of the best performing cohorts this year, echoing the performance of the 2009-vintage market following the global financial crisis.”

PennantPark’s Founder and Managing Partner, Art Penn, was recently featured in Hugh Minch’s Creditflux outlook. Art shares his perspectives on direct lending as well how healthcare, government services, and defense are some of the recession-proof sectors he is focused on for 2023.