PennantPark Announces $610 Million Final Close for Credit Opportunities Fund IV

PennantPark Investment Advisers, LLC has announced the successful final closing of its fourth private closed-end fund, PennantPark Credit Opportunities Fund IV (PCOF IV), with $610 million in investable capital. This fund offers investors a diversified portfolio of middle market investments, including first and second lien loans, mezzanine debt, and equity co-investments. Arthur Penn, Founder and Managing Partner, notes that the fund's closing reflects a trend of increasing investor interest in private credit, driven by a robust U.S. economy, higher interest rates, and advantageous market conditions for private lenders. PCOF IV has attracted a diverse group of investors encompassing insurance companies, asset managers, family offices, and various public and private pension plans, making it PennantPark's largest credit opportunities fund to date. The firm, founded in 2007 and based in Miami, manages an extensive array of financial product offerings and has established a far-reaching sourcing network across the middle market. With over $21 billion invested since its inception, PennantPark continues to provide tailored financing solutions across the capital structure to core middle market companies.