# PennantPark

PennantPark is a Business Development Company (BDC) based in Miami Beach, United States.

## Overview

- **Organization type:** Business Development Company (BDC)
- **Headquarters:** Miami Beach, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Founded:** 2007
- **Assets under management:** Undisclosed (Altss estimate)
- **Website:** pennantpark.com
- **LinkedIn:** https://www.linkedin.com/company/pennantpark

## Regulatory record

- **CRD number:** 143149
- **SEC file number:** 801-67622
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/143149

## About

PennantPark is an SEC-registered investment adviser in Miami Beach, FL, since 2007. The firm manages $6.2 billion in assets, $6.1 billion on a discretionary basis. It has 91 employees and 30 investment advisers.

## Sectors

- Private Credit
- Middle Market Lending
- Structured Credit
- Senior Secured Debt

## Offices

- Miami Beach, FL, United States

## People

- Arthur H. Penn — Chairman, Chief Executive Officer & Chief Investment Officer

## Questions

### Who makes investment decisions at PennantPark?

Arthur H. Penn serves as Chairman, CEO, and CIO, leading the investment team. The firm is externally managed by PennantPark Investment Advisers, which sources and structures all portfolio investments (per public filings).

### How does PennantPark source deals?

As a BDC, PennantPark originates transactions through direct relationships with sponsors, private equity firms, and middle-market companies. The firm's permanent capital base allows it to provide certainty of execution.

### What types of investments does PennantPark make?

PennantPark focuses on senior secured loans, unitranche debt, and second-lien positions in U.S. middle-market companies. It targets EBITDA between $10 million and $50 million, with a conservative emphasis on income generation and capital preservation.

### How is PennantPark structured as a BDC?

PennantPark is a publicly traded business development company regulated under the Investment Company Act of 1940. This structure requires at least 70% of assets in qualifying investments and a 200% asset coverage ratio, limiting leverage.

### Does PennantPark invest in direct equity or only debt?

The firm primarily invests in debt instruments, though it occasionally takes equity co-investments alongside its loans. Its core strategy is interest income from senior secured positions.

### What is the geographic focus of PennantPark?

PennantPark lends exclusively to U.S. companies. Its portfolio is diversified across industries, with a focus on industrial, business services, and healthcare sectors.

### How does PennantPark distribute income to shareholders?

As a BDC, PennantPark must distribute at least 90% of taxable income as dividends to maintain REIT-like tax treatment. It pays quarterly dividends funded by interest income from its portfolio (per public filings).

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- [Carsales](https://altss.com/profile/carsales)
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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/pennantpark

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