Art Penn Quoted in FIN News

Nonprofit News Special Report: 2021 Alternative Investments Outlook

By Justin Slaughter – FIN News

PennantPark Founder and Managing Partner Art Penn spoke with Justin Slaughter of Financial Investment News for his piece on the outlook for alternative investments in 2021. Art discussed how private credit remained resilient as an asset class throughout the pandemic and highlighted how private debt managers will be in a position to help companies in the coming year. “This pandemic was a real test for the market,” Art said. “And the fact that senior debt and second lien performed well and that the direct lending space has grown larger should engender more confidence in the space.”