PENNANTPARK INVESTMENT CORP

PennantPark Investment Corporation is a business development company that operates as a private equity fund. It specializes in direct and mezzanine investments in middle market companies located in the United States. The fund invests through various instruments, including mezzanine debt, senior secured loans, and equity investments. Its investment types encompass preferred stock, common stock, warrants, options, senior secured debt, subordinated debt, subordinated loans, first lien debt, mezzanine loans, distressed debt securities, and private equity co-investments. PennantPark Investment Corporation targets companies with EBITDA between $10 million and $50 million and revenues between $50 million and $1000 million. The fund typically invests between $10 million and $100 million across the capital structure (senior secured loans, subordinated debt, and other investments) in its portfolio companies. Its mezzanine loans, senior secured loans, and other investments in portfolio companies range from $15 million to $50 million. The fund may invest up to $250 million in equity investments. It also has the flexibility to make non-control equity and debt investments. The fund's investment focus spans a wide array of industries, including 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 and basic industries, and retail.