PennantPark Closes on Fifth Dedicated Investment Vehicle in Senior Debt Strategy

New Commitments Increase Investment Capacity by $460 Million

PennantPark Investment Advisers, LLC officially announced the successful closing of our fifth commingled fund, PennantPark Senior Credit Fund Levered, LP, which secured $460 million in additional investment capacity and marked another significant step forward in the growth of our 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 17.7% and 15.3%, respectively, surpassing the fund’s target net returns of 8-10%. We are continually gratified by the continued support of high-quality, world-class institutional investors who have embraced our unique approach and entrusted us with the opportunity to capitalize on the attractive investment opportunities across our asset class.