DFX Intelligence

Private Credit Intelligence

The capital structure graph behind private markets. Who lent, to whom, under which sponsor, through which facility, how large the piece was, when it matures and what changed, with a filing behind every number. A BDC piece is that BDC's piece, a sum of pieces is a lower bound, and a sponsor is named with the evidence that names it.

BDC portfolio

Pennantpark Investment Corp

BDCPNNTCIK 1383414file 814-00736NEW YORK, NYmanaged by PENNANTPARK INVESTMENT ADVISERS, LLC

Fair value

$2.5B

as of Jun 30, 2026

Principal held

$2.1B

debt pieces, the filer's figure

Cost

$2.5B

98c on cost

Unfunded

n/a

commitments not yet drawn

Positions

616

195 borrowers

First lien

68%

79% debt by fair value

Quarters on the tape

since Sep 30, 2022

Facilities held

316

21 sponsors financed

Portfolio through time

Fair value by quarter end$2.5B as of Jun 30, 2026

Sep 30, 2022$11B then

Quarter	Fair value	Borrowers	On cost	PIK pos.	Avg spread
Jun 30, 2026	$2.5B	195	96c	18	554 bp
Mar 31, 2026	$2.5B	197	96c	19	553 bp
Dec 31, 2025	$2.6B	189	96c	16	561 bp
Sep 30, 2025	$4.2B	190	104c	25	572 bp
Jun 30, 2025	$2.5B	176	97c	18	582 bp
Mar 31, 2025	$10B	164	98c	18	584 bp
Dec 31, 2024	$10B	166	98c	26	590 bp
Sep 30, 2024	$13B	182	101c	52	601 bp
Jun 30, 2024	$8.1B	148	98c	12	606 bp
Mar 31, 2024	$9.0B	138	99c	8	617 bp
Dec 31, 2023	$8.7B	139	98c	2	627 bp
Sep 30, 2023	$11B	135	101c	6	622 bp
Jun 30, 2023	$7.9B	129	98c	0	613 bp
Mar 31, 2023	$8.1B	130	100c	0	603 bp
Sep 30, 2022	$11B	124	97c	3	610 bp

Each quarter end is the schedule as filed for that instant; a restated year end is taken from the latest filing that carries it.

Sponsors financed

Arlington Capital Partners inferred
6 borrowers $104M
Wind Point Partners carried
2 borrowers $49.2M
Court Square Capital carried
2 borrowers $32.8M
Cortec Group Management Services, LLC carried
2 borrowers $31.4M
Clarion Capital Partners, LLC carried
2 borrowers $27.6M
Stellus Capital Management, LLC carried
2 borrowers $25.4M
Gauge Capital carried
2 borrowers $7.3M
Southfield Capital LP carried
2 borrowers $6.6M
Alpine Investors carried
1 borrower $70.9M
Silver Lake Technology Management, LLC carried
1 borrower $51.6M
Freeman Spogli & Co. carried
1 borrower $35.5M
Summit Partners, L.P. carried
1 borrower $33.2M
H.I.G. Capital, LLC carried
1 borrower $30.3M
Leonard Green & Partners, L.P. carried
1 borrower $30.0M
Twin Bridge Capital Partners, LLC carried
1 borrower $28.1M

Counted at BDC level here; the adviser page counts across every BDC it manages. A sponsor named by Form D signer consensus is an inference.

What changed

Repeat sponsor and lender pairJun 30, 2026
PENNANTPARK INVESTMENT CORP finances another Arlington Capital Partners borrower (7 borrowers, 12 facilities held)
Repeat sponsor and lender pairJun 30, 2026
PENNANTPARK INVESTMENT CORP finances another Wind Point Partners borrower (2 borrowers, 5 facilities held)
New sponsor and lender pairJun 30, 2026
PENNANTPARK INVESTMENT CORP finances a first Freeman Spogli & Co. borrower (1 borrower, 2 facilities held)
New sponsor and lender pairJun 30, 2026
PENNANTPARK INVESTMENT CORP finances a first Twin Bridge Capital Partners, LLC borrower (1 borrower, 2 facilities held)
Repeat sponsor and lender pairJun 30, 2026
PENNANTPARK INVESTMENT CORP finances another Clarion Capital Partners, LLC borrower (2 borrowers, 4 facilities held)
New sponsor and lender pairJun 30, 2026
PENNANTPARK INVESTMENT CORP finances a first Oceansound Partners, LP borrower (1 borrower, 2 facilities held)
Repeat sponsor and lender pairJun 30, 2026
PENNANTPARK INVESTMENT CORP finances another Stellus Capital Management, LLC borrower (2 borrowers, 5 facilities held)
New sponsor and lender pairJun 30, 2026
PENNANTPARK INVESTMENT CORP finances a first Sheridan Capital Partners borrower (1 borrower, 3 facilities held)
New sponsor and lender pairJun 30, 2026
PENNANTPARK INVESTMENT CORP finances a first Lorient Capital Management, LLC borrower (1 borrower, 1 facility held)
New sponsor and lender pairJun 30, 2026
PENNANTPARK INVESTMENT CORP finances a first Veritas Capital Fund Management, L.L.C. borrower (1 borrower, 2 facilities held)
New sponsor and lender pairJun 30, 2026
PENNANTPARK INVESTMENT CORP finances a first Pacific Equity Partners Pty Limited borrower (1 borrower, 2 facilities held)
New sponsor and lender pairJun 30, 2026
PENNANTPARK INVESTMENT CORP finances a first Sweetwater Private Equity borrower (1 borrower, 2 facilities held)
New sponsor and lender pairJun 30, 2026
PENNANTPARK INVESTMENT CORP finances a first Mastry Im, LLC borrower (1 borrower, 2 facilities held)
New sponsor and lender pairJun 30, 2026
PENNANTPARK INVESTMENT CORP finances a first Bertram Capital Management LLC borrower (1 borrower, 3 facilities held)
New borrower on a BDC scheduleJun 30, 2026
Watterson Renewalco Holdings, LLC first appears in a BDC schedule (3 lenders)
New sponsor and lender pairJun 30, 2026
PENNANTPARK INVESTMENT CORP finances a first SPP Management Services, LLC borrower (1 borrower, 2 facilities held)
Repeat sponsor and lender pairJun 30, 2026
PENNANTPARK INVESTMENT CORP finances another Gauge Capital borrower (2 borrowers, 4 facilities held)
Repeat sponsor and lender pairJun 30, 2026
PENNANTPARK INVESTMENT CORP finances another Southfield Capital LP borrower (2 borrowers, 3 facilities held)
New lender joined a facilityJun 30, 2026
PENNANTPARK INVESTMENT CORP joins Peninsula Pacific Entertainment, LLC term loan (first lien) held by 2 other BDCs
New sponsor and lender pairJun 30, 2026
PENNANTPARK INVESTMENT CORP finances a first Suntx Capital Management Corp. borrower (1 borrower, 1 facility held)

Every position change, including routine ones

Largest facilities held, with co-lenders

Subordinate Debt notes
2 BDCs hold it · matures Apr 3, 2031
$45.7M 101c
Puget Collision, LLC first lien term loan
3 BDCs hold it · matures Oct 2, 2031
$45.6M 99c
Harris & Co. LLC first lien term loan
3 BDCs hold it · matures Aug 9, 2030
$38.1M 101c
Sigma Defense Systems, LLC first lien term loan
3 BDCs hold it · matures Dec 20, 2027
$37.9M 99c
AKW Holdings Limited first lien term loan
1 BDC hold it · matures Mar 15, 2027
$36.5M 97c
Cartessa Aesthetics, LLC first lien term loan
2 BDCs hold it · matures Jun 14, 2028
$35.1M 101c
Infinity Home Services Holdco, Inc first lien term loan
4 BDCs hold it · matures Dec 28, 2028 · Freeman Spogli & Co.
$34.2M 101c
Exigo Intermediate II, LLC first lien term loan
3 BDCs hold it · matures Mar 15, 2027
$33.2M 88c
Beta Plus Technologies, Inc first lien term loan
4 BDCs hold it · matures Jul 2, 2029
$30.0M 100c
Argano, LLC first lien term loan
8 BDCs hold it · matures Sep 13, 2029
$27.6M 100c
Commercial Fire Protection Holdings, LLC first lien term loan
2 BDCs hold it · matures Sep 23, 2030
$27.3M 101c
ACP Avenu Buyer, LLC first lien term loan
6 BDCs hold it · matures Oct 2, 2029
$26.8M 99c

Schedule of investments at Jun 30, 2026

616 positions

Borrower	Instrument	Principal	Fair value	Rate	Maturity
Investments in Non-Controlled, Non-Affiliated Portfolio Comp Short-Term U.S. Government Securities	unstated lien unstated	n/a	$269M 100c	3.61%	Jul 28, 2026
PennantPark Financial Services	term loan lien unstated	n/a	$140M 100c	SOFR+800 bp	Jul 31, 2027
AKW Holdings Limited - Class A Healthcare, Education and Childcare	equity equity	n/a	$54.6M 41659c
PennantPark Financial Services	term loan lien unstated	n/a	$51.6M 63c
AKW Holdings Limited Healthcare, Education and Childcare	term loan first lien	$36.5M	$48.4M 97c	SOFR+700 bp	Mar 15, 2027
Sigma Defense Systems, LLC Telecommunications	term loan first lien	$26.6M	$26.3M 99c	SOFR+640 bp	Dec 20, 2027
Blackhawk Industrial Distribution, Inc. Distribution	term loan first lien	$25.1M	$24.8M 99c	SOFR+585 bp	Sep 17, 2026
Carnegie Dartlet, LLC Education	term loan first lien	$24.8M	$24.6M 100c	SOFR+550 bp	Feb 7, 2030
Harris & Co, LLC Financial Services	term loan first lien	$24.5M	$24.5M 101c	SOFR+525 bp	Aug 9, 2030
Beacon Behavioral Support Services, LLC Healthcare, Education and Childcare	term loan first lien	$24.4M	$24.4M 101c	SOFR+550 bp	Jun 21, 2029
RTIC Subsidiary Holdings, LLC Consumer Products	term loan first lien	$24.5M	$24.4M 101c	SOFR+575 bp	May 3, 2029
Transgo, LLC Auto Sector	term loan first lien	$23.6M	$23.4M 100c	SOFR+525 bp	Dec 29, 2028
Flock Financial, LLC Financial Services	unstated lien unstated	n/a	$23.0M 100c	12.50%	Oct 19, 2027
EDS Buyer, LLC Aerospace and Defense	term loan first lien	$23.0M	$23.0M 101c	SOFR+475 bp	Jan 10, 2029
Subordinate Debt/Corporate Environmental Services	notes lien unstated	$22.9M	$22.9M 101c	PIK 14.75%	Dec 23, 2026
ACP Avenu Buyer, LLC Business Services	term loan first lien	$23.3M	$22.9M 99c	SOFR+500 bp	Oct 2, 2029
HW HoldCo, LLC Media	term loan first lien	$22.9M	$22.9M 100c	SOFR+585 bp	May 10, 2027
Watchtower Buyer, LLC Consumer Products	term loan first lien	$22.9M	$22.7M 100c	SOFR+600 bp	Dec 3, 2029
Rancho Health MSO, Inc. Healthcare, Education and Childcare	term loan first lien	$22.5M	$22.5M 100c	SOFR+500 bp	Jun 20, 2029
Sabel Systems Technology Solutions, LLC Business Services	term loan first lien	$22.1M	$22.1M 100c	SOFR+600 bp	Oct 31, 2030
Lash OpCo, LLC Consumer Products	term loan first lien	$21.9M	$21.6M 99c	SOFR+710 bp	Sep 17, 2027
Exigo Intermediate II, LLC Business Services	term loan first lien	$23.7M	$20.7M 88c	SOFR+635 bp	Mar 15, 2027
Commercial Fire Protection Holdings, LLC Business Services	term loan first lien	$20.7M	$20.7M 100c	SOFR+450 bp	Sep 23, 2030
Cartessa Aesthetics, LLC Distribution	term loan first lien	$20.3M	$20.3M 101c	SOFR+600 bp	Jun 14, 2028
Puget Collision, LLC Auto Sector	term loan first lien	$20.4M	$20.1M 99c	SOFR+475 bp	Oct 3, 2030
Argano, LLC Business Services	term loan first lien	$20.2M	$20.0M 100c	SOFR+550 bp	Sep 13, 2029
Medina Health, LLC Healthcare, Education and Childcare	term loan first lien	$19.9M	$19.9M 100c	SOFR+625 bp	Oct 20, 2028
MDI Buyer, Inc. Chemicals, Plastics and Rubber	term loan first lien	$19.6M	$19.6M 101c	SOFR+475 bp	Jul 25, 2028
MOREgroup Holdings, Inc. Business Services	term loan first lien	$19.6M	$19.6M 101c	SOFR+525 bp	Jan 16, 2030
NORA Acquisition, LLC Healthcare, Education and Childcare	term loan first lien	$19.9M	$19.5M 99c	SOFR+635 bp	Aug 31, 2029
Marketplace Events Acquisition, LLC Media	term loan first lien	$19.5M	$19.5M 101c	SOFR+525 bp	Dec 20, 2030
Beta Plus Technologies, Inc. Business Services	term loan first lien	$19.4M	$19.2M 100c	SOFR+575 bp	Jul 2, 2029
OSP Embedded Purchaser, LLC Aerospace and Defense	term loan first lien	$18.8M	$18.8M 101c	SOFR+575 bp	Dec 17, 2029
Best Practice Associates, LLC Aerospace and Defense	term loan first lien	$18.7M	$18.4M 100c	SOFR+675 bp	Nov 8, 2029
Route 66 Development Gaming	term loan first lien	$18.0M	$18.4M 104c	SOFR+900 bp	Jan 24, 2031
Flock Financial Class A Financial Services	preferred equity equity	n/a	$18.0M 246c
Omnia Exterior Solutions, LLC Diversified Conglomerate Service	term loan first lien	$17.8M	$17.6M 100c	SOFR+525 bp	Dec 31, 2029
Systems Planning And Analysis, Inc. Aerospace and Defense	term loan first lien	$16.8M	$16.8M 100c	SOFR+475 bp	Aug 16, 2027
AFC-Dell Holding Corp. Distribution	term loan first lien	$16.2M	$16.2M 100c	SOFR+500 bp	Apr 9, 2027
Shiftkey, LLC Business Services	term loan first lien	$16.5M	$15.4M 94c	SOFR+601 bp PIK 0.50%	Jun 21, 2027
LJ Avalon Holdings, LLC Environmental Services	term loan first lien	$15.3M	$15.3M 100c	SOFR+475 bp	Feb 1, 2030
ACP Falcon Buyer, Inc. Business Services	term loan first lien	$15.1M	$15.1M 101c	SOFR+550 bp	Aug 1, 2029
n Rail Solutions, LLC Manufacturing/Basic Industry	term loan first lien	$15.2M	$15.0M 99c	SOFR+475 bp	Aug 29, 2031
Harvest Group Topco Buyer, LLC Media	term loan first lien	$15.0M	$14.9M 100c	SOFR+475 bp	Mar 2, 2032
TMII Enterprises, LLC Personal, Food and Miscellaneous Services	term loan first lien	$14.9M	$14.9M 101c	SOFR+450 bp	Dec 22, 2028
Seaway Buyer, LLC Chemicals, Plastics and Rubber	term loan first lien	$14.8M	$14.8M 101c	SOFR+715 bp	Jun 13, 2029
Cartessa Aesthetics, LLC Distribution	term loan first lien	$14.8M	$14.8M 101c	SOFR+575 bp	Jun 14, 2028
Hills Distribution, Inc. Distribution	term loan first lien	$14.4M	$14.4M 101c	SOFR+550 bp	Nov 8, 2029
The Vertex Companies, LLC Business Services	term loan first lien	$14.4M	$14.2M 99c	SOFR+510 bp	Aug 31, 2028
Archer Lewis, LLC Healthcare, Education and Childcare	term loan first lien	$14.4M	$14.0M 98c	SOFR+575 bp	Aug 28, 2029
Arcfield Acquisition Corp. Aerospace and Defense	term loan first lien	$13.8M	$13.8M 100c	SOFR+500 bp	Oct 28, 2031
Amsive Holdings Corporation Media	term loan first lien	$13.7M	$13.7M 100c	SOFR+640 bp	Dec 10, 2026
Infinity Home Services HoldCo, Inc. Personal, Food and Miscellaneous Services	term loan first lien	$13.6M	$13.6M 101c	SOFR+600 bp	Dec 28, 2028
Subordinate Debt/Corporate Consumer Services	notes lien unstated	$13.3M	$13.2M 100c	PIK 15.00%	Oct 30, 2029
Anteriad, LLC (f/k/a MeritDirect, LLC) Media	term loan first lien	$13.2M	$13.0M 99c	SOFR+590 bp	Dec 31, 2027
SV-Aero Holdings, LLC Aerospace and Defense	term loan first lien	$12.9M	$12.9M 100c	SOFR+475 bp	Nov 1, 2030
C5MI Acquisition, LLC Business Services	term loan first lien	$12.7M	$12.7M 101c	SOFR+600 bp	Jul 31, 2029
BLC Holding Company, INC. Environmental Services	term loan first lien	$12.7M	$12.7M 100c	SOFR+450 bp	Nov 20, 2030
Pacific Purchaser, LLC Business Services	term loan first lien	$12.7M	$12.7M 101c	SOFR+625 bp	Oct 2, 2028
ETE Intermediate II, LLC Personal, Food and Miscellaneous Services	term loan first lien	$12.6M	$12.6M 101c	SOFR+500 bp	May 29, 2029
Infolinks Media Buyco, LLC Media	term loan first lien	$13.0M	$12.5M 96c	SOFR+575 bp	Nov 2, 2026
/Partnership Interests of Net Assets Issuer Name Cartessa Aesthetics, LLC Distribution	preferred equity equity	n/a	$12.1M 339c
PAR Excellence Holdings, Inc. Healthcare, Education and Childcare	term loan first lien	$11.8M	$11.6M 99c	SOFR+500 bp	Sep 3, 2030
HEC Purchaser Corp. Healthcare, Education and Childcare	term loan first lien	$11.6M	$11.6M 100c	SOFR+500 bp	Jun 17, 2029
Radius Aerospace, Inc. Aerospace and Defense	term loan first lien	$11.6M	$11.6M 100c	SOFR+575 bp	Mar 29, 2027
Carisk Buyer, Inc. Healthcare, Education and Childcare	term loan first lien	$11.3M	$11.3M 101c	SOFR+500 bp	Dec 3, 2029
Harris & Co, LLC Financial Services	term loan first lien	$11.1M	$11.1M 101c	SOFR+525 bp	Aug 9, 2030
Sath Industries, LLC Building Products	term loan first lien	$11.1M	$11.1M 100c	SOFR+575 bp	Dec 17, 2029
Tyto Athene, LLC Aerospace and Defense	term loan first lien	$11.3M	$11.0M 98c	SOFR+490 bp	Apr 3, 2028
SpendMend Holdings, LLC Business Services	term loan first lien	$10.9M	$10.9M 101c	SOFR+515 bp	Mar 1, 2028
Beta Plus Technologies, Inc. Business Services	term loan first lien	$10.5M	$10.4M 100c	SOFR+575 bp	Jul 2, 2029
Case Works, LLC Business Services	term loan first lien	$10.4M	$10.2M 99c	SOFR+525 bp	Oct 1, 2029
Rosco Parent, LLC Auto Sector	term loan first lien	$10.1M	$10.1M 100c	SOFR+475 bp	Sep 12, 2031
n Rail Solutions Road and Rail	term loan first lien	$9.9M	$9.8M 99c	SOFR+475 bp	Aug 29, 2031
Puget Collision, LLC Auto Sector	term loan first lien	$9.9M	$9.8M 99c	SOFR+475 bp	Oct 3, 2030
Express Wash Intermediate, LLC Auto Sector	term loan first lien	$9.9M	$9.7M 98c	SOFR+625 bp	Apr 10, 2031
PAR Excellence Holdings, Inc. Healthcare, Education and Childcare	term loan first lien	$9.8M	$9.7M 99c	SOFR+500 bp	Sep 3, 2030
Municipal Emergency Services, Inc. Distribution	term loan first lien	$9.5M	$9.5M 100c	SOFR+500 bp	Oct 1, 2027
TCG 3.0 Jogger Acquisitionco, Inc. Media	term loan first lien	$9.8M	$9.3M 96c	SOFR+650 bp	Jan 23, 2029
Halo Buyer, Inc. Consumer Products	term loan first lien	$9.3M	$9.3M 100c	SOFR+600 bp	Aug 7, 2029
Ro Health, LLC Health Care Providers and Services	term loan first lien	$9.2M	$9.2M 101c	SOFR+450 bp	Jan 17, 2031
CF512, Inc. Media	term loan first lien	$9.0M	$9.0M 100c	SOFR+619 bp	Aug 20, 2026
Infinity Home Services Holdco, Inc. Personal, Food and Miscellaneous Services	term loan first lien	$8.9M	$8.9M 101c	SOFR+600 bp	Dec 28, 2028
Flock Financial Class B Financial Services	preferred equity equity	n/a	$8.7M 45c
Bioderm, Inc. Healthcare, Education and Childcare	term loan first lien	$8.7M	$8.6M 100c	SOFR+650 bp	Jan 31, 2028
CJX Borrower, LLC Media	term loan first lien	$8.6M	$8.4M 98c	SOFR+576 bp	Jul 13, 2027
TCG 3.0 Jogger Acquisitionco, Inc. Media	term loan first lien	$8.8M	$8.4M 96c	SOFR+650 bp	Jan 23, 2029
Exigo Intermediate II, LLC Business Services	term loan first lien	$9.5M	$8.3M 88c	SOFR+635 bp	Mar 15, 2027
MBS Holdings, Inc. Telecommunications	term loan first lien	$8.2M	$8.2M 100c	SOFR+510 bp	Apr 16, 2027
MAG DS Corp. Aerospace and Defense	term loan first lien	$8.1M	$8.1M 101c	SOFR+560 bp	Apr 1, 2027
Burgess Point Purchaser Corporation Auto Sector	term loan second lien	$8.0M	$8.0M 103c	SOFR+910 bp	Jul 28, 2030
/Partnership Interests/Warrants of Net Assets Issuer Name Municipal Emergency Services, Inc. Distribution	equity equity	n/a	$8.0M 201c
Ledge Lounger, Inc. Consumer Products	term loan first lien	$9.8M	$8.0M 81c	SOFR+765 bp PIK 1.00%	Nov 9, 2026
Impact Advisors, LLC Health Care Technology	term loan first lien	$7.9M	$7.9M 100c	SOFR+450 bp	Mar 19, 2032
Megawatt Acquisitionco, Inc. Business Services	term loan first lien	$7.6M	$7.6M 101c	SOFR+525 bp	Mar 1, 2030
First Lien Secured Debt Issuer Name One Stop Mailing, LLC Ac Transportation	term loan first lien	$7.6M	$7.6M 101c	SOFR+636 bp	May 7, 2027
Emergency Care Partners, LLC Healthcare, Education and Childcare	term loan first lien	$7.5M	$7.5M 100c	SOFR+500 bp	Oct 18, 2027
Argano, LLC. Business Services	term loan first lien	$7.4M	$7.3M 100c	SOFR+550 bp	Sep 13, 2029
DX Electric Company, LLC Electronic Equipment, Instruments and Components	term loan first lien	$7.0M	$7.0M 101c	SOFR+500 bp	Oct 1, 2031
Wash & Wax Systems, LLC Business Services	term loan first lien	$6.8M	$7.0M 101c	SOFR+550 bp	Apr 30, 2028

Page 1 of 7Next

Registration

Fiscal year end: 0930reported
Incorporated: unknownreported
On the SEC BDC report: 2012 to 2026reported
Filings listed: 19reported10-Q and 10-K since 2022
Former names: Pennant Investment CORPreported
Latest schedule: 0001193125-26-342350reported