PennantPark Investment Corporation, a business development company, has established itself as a prominent player in the private equity market, specializing in direct and mezzanine investments in middle-market companies. The fund offers a diverse portfolio, consisting of mezzanine debt, senior secured loans, and equity investments in a wide variety of industries. Targeting companies based solely in the United States, PennantPark Investment Corporation invests across a plethora of industries. These sectors include buildings and real estate, hotels, gaming and leisure, technology, telecommunications, transportation, information technology services, electronics, healthcare & pharmaceuticals, education and childcare, financial services, printing and publishing, consumer products, business services, energy & related services and utilities, distribution, oil and gas, media, environmental services, aerospace and defense, building materials, capital equipment, chemicals, plastics & rubber, food & beverage, wholesale, manufacturing, basic industries, and retail. The fund uses various investment vehicles to maximize its returns, such as equity securities and debt transactions through preferred stock, common stock, warrants, options, senior secured debt, subordinated debt, subordinated loans, first lien debt, mezzanine loans, and distressed debt securities and private equity co-investments. With a target investment range between $10 million and $100 million, PennantPark Investment Corporation strives to invest across the capital structure (senior secured loans, subordinated debt, and other investments) in portfolio companies with EBITDA between $10 to $50 million. The fund's mezzanine loans, senior secured loans, and other investments in its portfolio companies range between $15 million and $50 million. PennantPark Investment Corporation is also open to non-control equity and debt investments, further adding to its investment capabilities. Together, these strategies demonstrate the fund's commitment to diversification and flexibility, enabling it to capitalize on new investment opportunities and drive higher returns for its investors.
PennantPark Investment's ticker is PNNT
The company's shares trade on the NASDAQ stock exchange
They are based in New York City, New York
There are 11-50 employees working at PennantPark Investment
It is pennantpark.com
PennantPark Investment is in the Financial sector
PennantPark Investment is in the Closed-End Fund - Equity industry
The following five companies are PennantPark Investment's industry peers: