DLD chats with Art Penn of PennantPark about Direct Lending: It’s Not Some Exotic ‘Alternative Asset Class.’
By Kelly Thompson – Direct Lending Deals
PennantPark Founder and Managing Partner Art Penn recently had a conversation with Kelly Thompson of Direct Lending Deals. Art discussed PennantPark’s definition of the middle market, portfolio evaluation during the coronavirus outbreak, and his definition of direct lending, among other topics. “It’s not some exotic ‘alternative asset class,'” he said. “It’s classic bank lending. One of the oldest forms of commerce. Only banks aren’t the ones doing it anymore. It’s actually safer and more boring than before.”