Frozen Deal Market Turns Frenzied as Election Approaches
By Julie Segal – Institutional Investor
PennantPark Founder and Managing Partner Art Penn recently spoke with Julie Segal of Institutional Investor to discuss his observations across the market. Specifically, Art discussed how November’s election will impact market activity, detailing that companies are exploring opportunities to invest in companies that have successfully weathered the Covid-19 downturn. “It’s going to be a busy three months here before year-end,” he said. “It’s a combination of good asset values for sellers and concern about potential tax law changes next year if there’s a change in administration.”