PNNT

Pennantpark Investment Corporation

A business development company that lends money and invests in mid-sized American businesses, offering loans and equity to companies that big banks often overlook. It was founded in 2007 by Arthur "Art" Penn, who earlier co-founded Apollo Investment Management, and the name blends his surname with "Park" to suggest a place where capital is safely tended. PennantPark targets the "core middle market" — companies earning roughly ten to fifty million in profit — and it is known for being picky, greenlighting only a small share of the deals it reviews.

Common Stock