Private Equity Fund
PennantPark Investment Corp, a business development company, invests in middle market companies primarily located in the US with strong management team, strong competitive positions, positive cash flow and potential for growth & viable exit strategies.
It targets companies operating in the fields of aerospace & defense, auto sector, broadcasting & entertainment, buildings & real estate, business services, cable television, cargo transportation, chemicals, plastics & rubber, communications, consumer products, containers packaging & glass, distribution, diversified/conglomerate manufacturing, diversified/conglomerate services, education, energy/utilities, environmental services, financial services, grocery, healthcare, education & childcare, home & office furnishings, housewares & durable consumer products, hotels, motels, inns & gaming, leisure, amusement, motion picture, entertainment, logistics, manufacturing/basic industries, media, oil & gas, personal, food & miscellaneous services, printing & publishing, retail stores and telecommunications.
It provides financing in the form of senior secured loans, mezzanine debt and equity for LBOs and recapitalization transitions.
It makes investments in the range of $10 to $50 million.