PENNANTPARK INVESTMENT ADVISERS, LLC
PENNANTPARK INVESTMENT ADVISERS, LLC is a Series C+ and debt fund in the US writing up to $250M checks into Healthcare, Marketplaces, government-services, business-services and software-technology.
- Stages
- Series C+, debt
- Sectors
- Healthcare, Marketplaces, government-services, business-services, software-technology
- Check size
- up to $250M
- Invests in
- US-wide
- Actively investing
- Yes
- Founded
- 2007
- Assets under management
- $10B
- Website
- pennantpark.com
Thesis
PennantPark Investment Advisers, LLC is an independent middle-market credit platform established in 2007, focused on providing flexible financing solutions to U.S. companies. The firm targets the "core middle market," defined as companies with earnings between $10 million and $50 million, which are often overlooked by larger financial institutions. Their investment thesis centers on providing capital across the entire capital structure, including senior secured loans, subordinated debt, and non-controlling equity. They primarily invest in U.S. middle-market private companies, with a typical investment size ranging up to $250 million. PennantPark manages a diverse range of product offerings including BDCs, private capital funds, separately managed accounts, joint ventures, and CLOs. As of August 2026, the firm manages approximately $10 billion of investable capital. They have deployed over $26 billion since inception and completed 790 investments. Focus industries include healthcare, government services, business services, consumer, and software & technology.
Common questions
Does PENNANTPARK INVESTMENT ADVISERS, LLC invest at the Series C+ stage?
Yes. PENNANTPARK INVESTMENT ADVISERS, LLC lists Series C+ and debt among the stages it invests in.
What check size does PENNANTPARK INVESTMENT ADVISERS, LLC write?
PENNANTPARK INVESTMENT ADVISERS, LLC writes up to $250M checks.
Where does PENNANTPARK INVESTMENT ADVISERS, LLC invest?
PENNANTPARK INVESTMENT ADVISERS, LLC invests in the US.