Art Penn Quoted in Institutional Investor Article

Despite Losing Market Share, Smaller Asset Managers Keep Battling the Giants

Jessica Hamlin – Institutional Investor

PennantPark Founder and Managing Partner, Art Penn, spoke with Jessica Hamlin of Institutional Investor on how PennantPark differentiates itself from the larger asset managers. Art noted that by investing in smaller and middle markets, PennantPark targets investments in the core middle market, including companies that generate anywhere between $10 million and $50 million in EBITDA, which allows the company to generate stronger risk adjusted returns and build more meaningful relationships with investors.