PennantPark Investment Corporation

Frequently Asked Questions About PNNT

What does PNNT invest in?

PennantPark Investment Corporation operates as a Business Development Company (BDC) and a private equity fund. Its primary focus is on providing direct and mezzanine capital to middle-market companies situated across the United States. The firm deploys capital through a diverse range of instruments, including senior secured loans, mezzanine debt, and various equity stakes (such as common and preferred stock, warrants, and options). It also engages in subordinated debt, first-lien debt, distressed debt securities, and participates in private equity co-investments. PennantPark casts a wide net across numerous sectors. Its portfolio spans traditional industries such as manufacturing, distribution, aerospace, and basic materials; service-oriented sectors like IT, financial, business, and environmental services; and growth areas including technology, telecommunications, healthcare, and energy. It also considers opportunities in real estate, consumer products, media, education, and leisure, among others. The fund typically commits between $10 million and $100 million per portfolio company, covering various layers of the capital structure. For its target companies, it generally looks for an EBITDA ranging from $10 million to $50 million. While the overall investment can be up to $100 million, its specific mezzanine loans, senior secured loans, and similar debt instruments usually fall within the $15 million to $50 million range. Furthermore, PennantPark may engage in non-controlling equity and debt positions.

What is the expense ratio of PNNT?

An expense ratio for PennantPark Investment Corporation (PNNT) is not available from our data sources — neither our market-data feed nor the SEC's structured prospectus and annual-report datasets report one for this share class. The fund's prospectus on the issuer's site carries the authoritative fee.

How big is PNNT?

PennantPark Investment Corporation (PNNT) manages $233.8M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is PNNT actively managed or an index fund?

PNNT's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was PNNT launched?

PennantPark Investment Corporation (PNNT) launched in April 2007 and is managed by the fund issuer.

How has PNNT performed?

PNNT's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.