PennantPark Investment Corporation (PNNT)

7.04 +0.04 (+0.57%) At close: 04:00PM EDT

PennantPark Investment Corporation

1691 Michigan Avenue
Suite 500
Miami Beach, FL 33139
United States
212-905-1000
https://pnnt.pennantpark.com

Sector(s): Financial Services
Industry: Asset Management
Full Time Employees: 

Key Executives

Name	Title	Pay	Exercised	Year Born
Mr. Arthur Howard Penn	Founder, Chairman, Managing Partner & CEO	N/A	N/A	1963
Mr. Richard Thomas Allorto Jr., CPA	CFO & Treasurer	N/A	N/A	1972
Mr. Jose A. Briones Jr.	Senior Partner, Portfolio Manager & Director	N/A	N/A	1971
Mr. Matthew Visgilio	Manager of Operations	N/A	N/A	N/A
Mr. Jeffrey Sion	Corporate Counsel	N/A	N/A	N/A
Mr. Frank Robert Galea C.F.A.	Chief Compliance Officer	N/A	N/A	1969
Mr. Richard W. Van Houten	Senior VP of Marketing	N/A	N/A	N/A
Ms. Sarah de la Villa	Director of Human Resources of Miami	N/A	N/A	N/A
Mr. Michael Appelbaum	Partner of New York	N/A	N/A	N/A
Mr. Terence Clerkin	Partner of Miami	N/A	N/A	N/A

Amounts are as of December 31, 2023 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

PennantPark Investment Corporation, a business development company is a private equity fund specializes in direct and mezzanine investments in middle market companies. It invests in the form of mezzanine debt, senior secured loans, and equity investments. The fund typically invests in 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. It invests in 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. It seeks to invest in companies based in the United States. The fund seeks to invest between $10 million and $100 million cross the capital structure (senior secured loans, subordinated debt, and other investments) in its portfolio companies with EBITDA between $10 to $50 million. Its mezzanine loans, senior secured loans, and other investments in its portfolio companies are between $15 million and $50 million. The fund may also make non-control equity and debt investments.

Corporate Governance

PennantPark Investment Corporation’s ISS Governance QualityScore as of N/A is N/A. The pillar scores are Audit: N/A; Board: N/A; Shareholder Rights: N/A; Compensation: N/A.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.