PennantPark Junior Loan Fund Expands with $400M CLO Completion

Deal News | Jan 02, 2025 | Pennantpark Investment Adviser

PennantPark Investment Corporation recently announced a major step forward in their Middle Market CLO (collateralized loan obligation) platform with the completion of a $400 million CLO through its unconsolidated joint venture, PennantPark Senior Loan Fund, LLC (PSLF). This new financial vehicle, executed through their wholly-owned subsidiary PennantPark CLO X, LLC, highlights the company’s continued momentum and strategic expansion within the specialty lending sector. The announcement underscores PennantPark’s capacity to effectively leverage investment vehicles to strengthen its market position, now managing a total of 10 CLOs.

Sectors

Financial Services
Investment Management

Geography

United States – PennantPark Investment Corporation and its affiliate are based in Miami, indicating U.S. geographical relevance for this financial transaction.

Industry

Financial Services – The completion of a CLO deal is a significant event in financial services, specifically within the segment of investment management and structured finance.
Investment Management – PennantPark Investment Corporation operates within the investment management industry, focusing on managing investment vehicles like CLOs.

Financials

$400 million – The amount of the collateralized loan obligation (CLO) completed by PennantPark Senior Loan Fund, LLC through PennantPark CLO X, LLC.

Participants

Name	Role	Type	Description
PennantPark Investment Corporation	PE Firm	Company	An investment firm managing middle market debt portfolios, publicly traded on the NYSE under the symbol PNNT.
PennantPark Senior Loan Fund, LLC	CLO Management	Company	An unconsolidated joint venture responsible for managing senior loans as part of PennantPark's investment strategy.
PennantPark CLO X, LLC	Subsidiary and CLO Issuer	Company	A wholly-owned subsidiary of PSLF responsible for issuing the $400 million CLO.