Art Penn Quoted in Financial Times Article

Coronavirus: Private Equity’s Bailout Moment

By Kaye Wiggins, Mark Vandevelde, and Robin Wigglesworth – Financial Times

PennantPark Founder and Managing Partner Art Penn was featured in Kaye Wiggins, Mark Vandevelde, and Robin Wigglesworth’s Financial Times piece on private equity and the government’s current stimulus package. “This is the time for a bazooka,” Art said in reference to the Federal Reserve’s actions to revive the corporate debt market. “If you had the time and energy the Fed could be more tactical, but right now a big chunk of the economy is shut down, and millions of people are becoming unemployed.”

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