PennantPark Investment Advisers, LLC

PE/Buy-Out · Miami Beach (United States)

PE/Buy-Out

PE/Buy-out

AI

Cloud/SaaS

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About

PennantPark Investment Advisers, LLC seeks to make secondary direct, debt, equity, and loan investments. The firm seeks to invest through floating rate loans in private or thinly traded or small market-cap, public middle market companies. The firm prefer to invest in healthcare, government services, business services, consumer, and software & technology sector. The firm primarily invests in North America region and in the United States and to a limited extent non-U.S. companies. The firm typically invests between $2 million and $20 million. The firm also invests in equity securities, such as preferred stock, common stock, warrants or options received in connection with debt investments or through direct investments. The firm primarily invests between $10 million and $100 million in investments in senior secured loans, non-controlling equity and mezzanine debt. The firm prefer to invest in companies with EBITDA between $10 million and $50 million and debt investment value of $2 million and $50 million. The firm seeks to invest in companies not rated by national rating agencies. The companies if rated would be between BB and CCC under the Standard & Poor's system. The firm also is BDC. The firm invests 30% is invested in non-qualifying assets like investments in public companies whose securities are not thinly traded or do not have a market capitalization of less than $250 million, securities of middle-market borrowers a comprehensive range of creative and flexible financing solutions companies located outside of the United States, high-yield bonds, distressed debt, private equity, and investment companies as defined in the 1940 Act. In case of floating rate loans, it holds investments for a period of three to ten years. Under normal conditions, it expects at least 80 percent of its net assets plus any borrowings for investment purposes to be invested in Floating Rate Loans and investments with similar economic characteristics, including cash equivalents invested in money market funds. The firm expects to represent 65 percent of its portfolio through senior secured loans. PennantPark Investment Advisers, LLC was founded in 2007 and is based in Miami, Florida with additional offices in across Europe and United States.

Investment Criteria