PennantPark

PennantPark Investment Corporation is a business development company based in New York City, specializing in direct and mezzanine investments in middle market companies in the United States. Established in 2007, the firm targets investments ranging from $10 million to $50 million, focusing on sectors such as healthcare, real estate, consumer products, and energy, among others. PennantPark employs a variety of investment strategies, including mezzanine debt, senior secured loans, and equity investments, utilizing instruments such as preferred stock, common stock, warrants, and subordinated loans. The firm emphasizes capital preservation and strong cash flows while fostering relationships with private equity sponsors that have a proven track record of supporting their portfolio companies.