PennantPark Investment Advisers, LLC

Top minds in private wealth industry has shared their expertise in panels at our 11th Annual Private Wealth Latin America & the Caribbean Forum. Thank you to our speakers and attendees who have made it a great one. A huge thank you to our sponsors: MGG Investment Group LP | Axxes Capital | Driftwood Capital | Golub Capital | Grubb Properties | Henley & Partners - The Firm of Global Citizens® | Hines | Loci Capital | Smead Capital Management | Addepar | Capital Group | Flow Traders | Ivy Asset Group | LibreMax Capital | Marber Security | St Kitts and Nevis CIU Administrative Assistant | Valoro Capital | Ascendo Resources | Axcelus Financial | Bolder Group | BVI Finance Limited | Drakewood Capital Management Limited | Empira Group | Evercore | Fox Rothschild | Frontera Capital Group | IMS | Impact-iTech | Knighthead Annuity & Life Assurance Company | Lombard Odier Investment Managers | Marex | National Brokerage Atlantic, Inc. | PAAMCO Prisma | PennantPark Investment Advisers, LLC | Schafer Cullen Capital Management | Serrano Martínez CMA | StepStone Group | StoneX Group Inc. | Temenos | Wilson Wells | Winston & Strawn LLP #MarketsGroupPW

The need for food assistance in New York City is the highest on record, according to a City Harvest analysis of data from FeedNYC. Average monthly visits to NYC food pantries and soup kitchens this year remain up more than 82% compared to 2019. You can play a critical role in helping to feed our NYC neighbors in need during Hunger Action Month! Here are a few ways to get started: 🙋♀️ Volunteer 💚 Donate 🛍 Support businesses supporting us 🗳 Advocate for anti-hunger policies Learn more and take action: https://lnkd.in/e7AYHgPW Thank you to our Hunger Action Month sponsors Too Good & Co., PennantPark Investment Advisers, LLC, OXO, Shake Shack, and Sharebite. #WeAreCityHarvest

PennantPark Private Credit Mid-Year Review July 2024 Key Themes: • Private credit is not a monolith; distinct trends emerge across market segments • The core middle market flies under the radar while competitive pressures mount at the top end of the market • Yields remain historically attractive even after spread compression • Deal flow bounces back with a buyout rebound on the horizon • Default rates generally remain muted, though warning signs emerge

Deep Dive into BDCs: How to Invest in Growing Businesses Investing in Business Development Companies (BDCs) provides investors with the potential for income alpha and lower volatility compared to traditional fixed income. Because of their exposure to private markets, BDCs can potentially increase portfolio diversification and reduce overall portfolio risk. 

Is the private credit asset class an unstoppable force, and will it take away from BSL CLOs? 🤔 At the CLO Investor Summit yesterday, Debtwire’s Josh O'Neill sat down with Jerry van Koolbergen (Morningstar DBRS), Terence Clerkin (PennantPark Investment Advisers, LLC), Dinko Angelov (Audax Private Debt), and Alex Silberman (Blue Owl Capital) to explore the growth of private credit CLOs in 2024. 🎥 Hear what the experts had to say on-demand now: https://lnkd.in/gmkmxm-N

Pete Mitchell, Head of Private Capital Fundraising at PennantPark Investment Advisers, LLC, speaks with NYSE’s Trinity Chavez about the types of product offerings that we manage on behalf of our investors. By offering our investment strategies through a variety of fund structures, we are able to serve a diverse set of clients with distinct investment objectives and practical needs. Pete also explains that our investors include pension funds, insurance companies, endowments, foundations, and various other institutions and individuals with long-term investment horizons. #privatecredit #directlending #middlemarket

Private credit CLOs are quickly becoming a growing piece of the CLO market, making up roughly 11% of the broader $1.3 trillion CLO market in 2023. 📊 Debtwire's Josh O'Neill will be joined by Jerry van Koolbergen (Morningstar DBRS), Mak Pitke (Antares Capital LP), Terence Clerkin (PennantPark Investment Advisers, LLC), Dinko Angelov (Audax Private Debt) and Alex Zilberman (Blue Owl Capital) at the CLO Investor Summit next week to explore the growth of private credit CLOs and whether it's impacting BSL issuance. Find out more and register here: https://lnkd.in/gmkmxm-N

Covenants: What Are They and Why Do They Matter? Approximately 90% of loans underwritten today are considered “covenant-lite”[1]. Covenant-lite deals expose the lender to increased risks as the lender has limited protections in place to ensure that their loan repayment is fulfilled and prioritized. This is particularly problematic in a rising or high-rate environment.

A special thanks to PennantPark Investment Advisers, LLC, White & Case LLP, Grant Thornton LLP (US), Investor Group Services (IGS), Aon, David Jung, Aeterra, LLC, Capstone Partners, and Spencer Fane LLP teams on a successful transaction. We look forward to our partnership with Steve Johnson and the rest of the Safe Haven Defense team.

Private Credit, An All-Weather Asset Class Private credit can provide investors with diversification benefits due to its low correlation with traditional asset classes. Unlike public markets, it has historically delivered consistent income regardless of market conditions, offering a potentially more stable investment opportunity.