PennantPark Investment Corp
PennantPark Investment Corporation is a publicly listed business development firm specializing in direct and mezzanine investments in middle market companies. It invests in the form of mezzanine debt, senior secured loans, and equity investments. The firm invests in equity securities and debt transactions through preferred stock, common stock, warrants, options, subordinated loans, mezzanine loans, and senior secured loans. It seeks to invest in companies based in the United States. The firm seeks to invest between $10 million and $50 million in its portfolio companies. Its mezzanine loans, senior secured loans, and other investments in its portfolio companies are between $15 million and $50 million. The firm may also make non-control equity and debt investments. PennantPark Investment Corporation was founded on January 11, 2007 and is based in New York, New York.
2 past transactions
Cartessa Aesthetics
Venture Round in 2022
Cartessa Aesthetics is a company that specializes in sourcing and distributing advanced aesthetic medical devices tailored for plastic surgeons, dermatologists, physicians, and medical spas. The firm focuses on providing innovative technology that enhances skin care treatments and dermatological care, allowing healthcare professionals to effectively address patient needs. By supplying state-of-the-art devices, Cartessa Aesthetics enables its clients to improve skin fitness and reduce the signs of aging, thereby enhancing the overall patient experience in aesthetic medicine.
MCG Capital
Acquisition in 2015
MCG Capital is a Business Development Company that provides tailored financial solutions to support the growth strategies of small- to mid-sized, privately held companies in the United States. Established in 1990, MCG Capital has engaged in approximately 568 diversified financings, amounting to cumulative investments of about $5.8 billion. The company specializes in offering various forms of capital, including senior secured debt, subordinated debt, and equity positions in both common and preferred stock. Historically, MCG Capital has focused its investments in sectors such as communications and media, manufacturing, and electronic and business services, demonstrating a commitment to fostering value creation for its portfolio companies.
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