Julie Segal
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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How Private Credit Survived Its First Test Julie Segal – Institutional Investor PennantPark Founder and Managing Partner Art Penn spoke with Julie Segal of Institutional Investor for her piece on how direct lenders defied gloomy forecasts for the asset class throughout the pandemic. Art noted highlighted the importance of substantial equity cushion and strong covenants throughout the downturn and offered his insight into why private credit avoided the major obstacles that many predicted. “There’s a...
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