Art Penn Quoted in Pensions & Investments Article

Credit Managers To Exploit Market Dislocations

By Arleen Jacobius – Pensions & Investments

PennantPark Founder and Managing Partner Art Penn spoke with Arleen Jacobius of Pensions & Investments for a 2020 credit outlook piece, which highlighted the increased interest in private credit strategies emerging from the current market environment. Art provided insight into different opportunities that will prevent themselves in the credit sector and emphasized that the firm is currently focused on the secondary markets.

“When there is market volatility, it could help us buy a loan or credit at a lower price as long as we can underwrite the cash flow … in the turbulence of COVID,” Mr. Penn said.