“Where we’re seeing the best risk-adjusted return in the marketplace today, is not only below $50 million EBITDA, but below $20 million EBITDA. And that’s where we’ve had our most recent successes, lending money to companies that we believe are safe loans and where we can co-invest in the equity.”
PennantPark Founder and Managing Partner Art Penn, shared his insights on global debt, the shape of the company’s portfolio through the pandemic, and the current state of the markets, during Barwon Investment Partners webinar on US private debt and its Global High Income Fund.