Business development company investing primarily in middle-market private companies in the form of senior secured loans, mezzanine debt, and equity investments.
PennantPark Investment Corporation operates as a business development company specializing in private equity investments within the middle market segment. This firm distinguishes itself through its strategic focus on mezzanine debt, senior secured loans, and equity investments across a diverse array of industries. Its investment strategy spans various sectors including real estate, technology, healthcare, financial services, energy, manufacturing, and retail among others. By deploying capital in mezzanine debt, senior secured loans, and equity securities such as preferred and common stock, warrants, and options, PennantPark seeks to support companies primarily based in the United States.
With a targeted investment range typically between $10 million and $100 million, PennantPark aims to provide flexible financing solutions across the capital structure of its portfolio companies. This includes mezzanine loans, senior secured debt, subordinated debt, and other forms of investments. The fund's focus on companies with EBITDA ranging from $10 million to $50 million underscores its commitment to partnering with established middle-market entities seeking growth capital or strategic support.
PennantPark Investment Corporation also engages in non-control equity and debt investments, providing additional avenues for capital deployment and portfolio diversification. By leveraging its expertise in financial structuring and industry-specific knowledge, PennantPark plays a crucial role in fostering growth and operational excellence among its portfolio companies, ultimately aiming to generate attractive returns for its investors while supporting the expansion and development of middle-market businesses in the U.S.