Art Penn Quoted in Middle Market Growth

Dealmaking in the Year Ahead

Anastasia Donde – Middle Market Growth

“We were funding a few deals at year-end, but it’s less than we thought we would, as a slowing economy and higher financing costs took hold,” says Art Penn, founder at private credit firm PennantPark. “We’re in the careful and cautious camp—not putting it all into the market right now. This environment is going to last a while, so it necessitates careful deployment.”

PennantPark’s Founder and Managing Partner, Art Penn, was recently quoted in Middle Market Growth. During his interview with Anastasia Donde, Art recaps the 2022 market environment and how he is focusing on certain sectors in 2023.