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PCOF III
PennantPark hires for fundraising role Susan Barreto – Alternatives Watch Susan Barreto of Alternatives Watch shared news announcing that Pete Mitchell has joined the company as Managing Director, Head of Private Capital Fundraising. In his new role, Pete will lead fundraising for the firm’s private vehicles as we continue to expand our middle market private credit investment business. Art shared the following on Pete’s addition, “We are pleased to welcome Pete to our team, as...
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PennantPark brings on head of private capital fundraising Arleen Jacobius – Pensions & Investments Arleen Jacobious of Pensions & Investments shared news of the hiring of Pete Mitchell as Managing Director, Head of Private Capital Fundraising. In his new role, Pete will lead fundraising for the firm’s private vehicles as we continue to expand our middle market private credit investment business. Art shared the following on Pete’s addition, “We are pleased to welcome Pete to...
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PennantPark Raises Levered Credit Assets Susan Barreto – Alternatives Watch Susan Barreto of Alternatives Watch shared news of the successful closing of our fifth comingled fund last week, PennantPark Senior Credit Fund Levered (“PSCF-Lev”), securing $460 million in additional investment capacity and taking another significant step forward in the growth of the firm’s middle market private credit investment business. From pre-COVID inception in mid-2019 through March 31, 2021, PSCF-Lev’s gross and net annualized returns were...
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Private Lender PennantPark Boosts Opportunistic Debt Firepower By Kelsey Butler – Bloomberg Kelsey Butler of Bloomberg recently highlighted the successful closing of the PennantPark Credit Opportunities Fund III, LP, including a statement from Founder and Managing Partner Art Penn. As Art detailed, private debt investments provide “consistent absolute returns in a low-yield environment while also capitalizing on attractive opportunities during times of market volatility.”   Read the Full Press Release   The following story appeared...
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In July 2019, PennantPark launched four new investment vehicles, increasing the firm’s investment capacity by more than $750 million across two strategies: Senior Debt and Opportunistic Credit. The new offerings include the PennantPark Senior Credit Fund (“PSCF”) Leveraged, PSCF Un-Leveraged, PennantPark Credit Opportunities Fund III (“PCOF III”), and a substantial separately managed account focused on Opportunistic Credit.   Read the full press release here
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