XNYS
PNNT
Oct 20, Last price
2.88USD
1D
-1.03%
1Q
-11.66%
Jan 2017
-62.40%
IPO
-80.50%
Name
Pennantpark Investment Corp
Chart & performance
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Profile
PennantPark Investment Corporation operates as a Business Development Company (BDC) and a private equity fund. Its primary focus is on providing direct and mezzanine capital to middle-market companies situated across the United States. The firm deploys capital through a diverse range of instruments, including senior secured loans, mezzanine debt, and various equity stakes (such as common and preferred stock, warrants, and options). It also engages in subordinated debt, first-lien debt, distressed debt securities, and participates in private equity co-investments. PennantPark casts a wide net across numerous sectors. Its portfolio spans traditional industries such as manufacturing, distribution, aerospace, and basic materials; service-oriented sectors like IT, financial, business, and environmental services; and growth areas including technology, telecommunications, healthcare, and energy. It also considers opportunities in real estate, consumer products, media, education, and leisure, among others. The fund typically commits between $10 million and $100 million per portfolio company, covering various layers of the capital structure. For its target companies, it generally looks for an EBITDA ranging from $10 million to $50 million. While the overall investment can be up to $100 million, its specific mezzanine loans, senior secured loans, and similar debt instruments usually fall within the $15 million to $50 million range. Furthermore, PennantPark may engage in non-controlling equity and debt positions.
Key people
Art Penn
Founder, Managing Partner
Jose A. Briones
Partner
Whit Williams
Partner
Aviv Efrat
Chief Financial Officer, Treasurer · since 2007
Sean Kapur
Vice President
Colin Maguire
Vice President
Michael Appelbaum
Principal
Terence Clerkin
Principal
James Heyer
Principal
Dan Horn
Managing Director
Mark Linnan
Managing Director
Ryan Raskopf
Managing Director
James Stone
Managing Director
Steve Winograd
Managing Director
Richard Bellissimo
Finance & Operations
Eliza Budd
Investor Relations Professional
Jonathan Cohen
Investment Professional
Steve Conway
Senior Advisor
Glen Daci
Finance & Operations Professional
Joey Grieco
Investment Professional
Legal address
2405 York Road, Suite 201
Lutherville, MD 21093
US
Lutherville, MD 21093
US
Headquarters
590 Madison Avenue, 15th Floor
New York, NY, NY 10022
US
New York, NY, NY 10022
US
Valuation
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