About PennantPark
PennantPark is a publicly listed company based in New York (United States) founded in 2007 by Art Penn. Diversified investment management services are provided to institutional clients. PennantPark has completed 2 acquisitions, including AKW and MCG Capital. Its chief executive, as recorded, is Mark Linnan. PennantPark offers products and services including Public Funds, Private Funds, and Joint Ventures. Its focus areas include Asset Management and Diversified. Its legal entity is PENNANTPARK INVESTMENT ADVISERS, LLC. Its competitors include Fidelity Investments, Morgan Stanley and Guggenheim Partners; 2 of its 3 listed competitors have raised funding.
Company details
PennantPark was established in 2007 and is headquartered in New York, United States. The firm functions within the financial services sector, focusing on diversified investment management. A range of investment strategies and advisory services is offered to institutional and individual investors. Operations emphasize alternative assets and credit investments. Leadership includes Founder Art Penn and CEO MD Mark Linnan, with activities spanning domestic and international markets.
- Headquarters New York, United States
- Founders Art Penn
- Stage Public
- SectorsFinancial Services
- Phone•••• ••••
- Website pennantpark.com
- Social LinkedIn
- Legal Name Pennantpark Floating Rate Capital Ltd.
- Annual Revenue$255.38 M (USD)36.91as on Sep 30, 2025
- Net Profit$66.36 M (USD)-27.74as on Sep 30, 2025
- EBITDA$162.89 M (USD)1.75as on Sep 30, 2025
- Latest Funding Round$301.4M (USD), Debt – Conventional
Sep 2019
- Investments & AcquisitionsAKW
& 1 more
Products & Services of PennantPark
PennantPark offers a comprehensive portfolio of products and services, including Public Funds, Private Funds, and Joint Ventures.
Offers funds for public investment in middle market credit
Provides private capital funds for targeted lending opportunities
Facilitates collaborative investments in middle market companies
Funding Insights of PennantPark
- Total Rounds 2
- Last Round Debt – Conventional — $301.4M
- First Round $30M
(Sep 2019)
All 2 funding rounds of PennantPark with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2019 | $301.4M | Debt – Conventional | – | – | – |
| Sep 2019 | $30M | Debt – Conventional | – | – | – |
People of PennantPark
51 people are tracked at PennantPark (27 in leadership, 24 in team).
| Name | Role | Group |
|---|---|---|
Art Penn | Founder | Leadership |
Mark Linnan | CEO & MD | Leadership |
James Heyer | Managing Director | Leadership |
Michael Appelbaum | Partner | Leadership |
Allison Zhao | Vice President | Leadership |
Pete Mitchell | Managing Director, Head, Private Capital Fundraising | Leadership |
Salvatore Giannetti | Partner | Leadership |
Sarah Kurash | Director, Human Resources | Leadership |
Kevin Mesmer | Managing Director, Head Of Investor Relations | Leadership |
James Stone | Partner | Leadership |
Richard T Allorto | CFO | Leadership |
Steve Kratka | Vice President | Leadership |
José A. Briones | Senior Partner | Leadership |
Steve Winograd | Partner | Leadership |
Brian Kendall | Senior Vice President | Leadership |
Eliza de Mello | Vice President | Leadership |
Boaz Magid | Managing Director, Head, Europe | Leadership |
Victor Dessis | Managing Director | Leadership |
Andrew Jordan | Managing Director & Head, Liability Management | Leadership |
Colin Maguire | Managing Director | Leadership |
31 more people are available in the full profile.
Complete people profiles for PennantPark
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IPO & Listings of PennantPark
PennantPark is a publicly listed company on the NYSE with ticker symbol PFLT in USA, operating in the Miscellaneous sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date11 Apr 2011
- Listed onNYSE: PFLT
- Listed entityPennantPark Floating Rate Capital Ltd.
- Exchange sectorMiscellaneous
- ISINUS70806A1060
- Share price$6.63 (-0.9% on the day) · 2026-10-13
- Market capitalisation$657.8M
- Price to earnings13.1
- EPS (diluted, trailing year)$0.51
- Dividend yield17.04%
- Volume (last session)934,107
Financials of PennantPark
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | $255.4M | $66.4M | $162.9M |
| 2024 | $186.5M | $91.8M | $160.1M |
| 2023 | $123.2M | $39.3M | $77.4M |
| 2022 | $94.4M | $3.5M | $33.2M |
| 2021 | $69.9M | $56.5M | $81.1M |
Detailed financial statements for PennantPark
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Investments & Acquisitions by PennantPark
PennantPark has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include AKW and MCG Capital.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Kitchen and bathroom accessories are manufactured in the United Kingdom. | akw-ltd.co.uk | Droitwich Spa, United Kingdom | 1982 | Mar 2018 | •••• | |
Growth equity is provided to early-stage SMEs by MCG Capital. | mcgcapital.com | Arlington, United States | 1990 | Apr 2015 | $175M |
Complete acquisition details for PennantPark
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Timeline of PennantPark
6 dated milestones of PennantPark across 12 years, from founding to its latest funding, stage changes and deals.
- Founded PennantPark is founded.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires MCG Capital.
- Acquisition Acquires AKW.
- Funding First funding round of $30.0M.
- Funding Latest funding round, Debt – Conventional, of $301.4M.
Competitors of PennantPark
PennantPark has 3 listed competitors in our database, 2 of them funded. They include Fidelity Investments, Morgan Stanley and Guggenheim Partners.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| fidelity.com | 1946 | Boston, United States | $517.99M | 24,000 | Provider of brokerage accounts, retirement planning, wealth management, and trading platforms | |
| morganstanley.com | 1935 | New York, United States | 49 | Wealth management, investment advisory, and financial services are provided. | ||
| guggenheimpartners.com | 1999 | New York, United States | $21M | 2,043 | Asset management and investment advisory services are provided to clients. |
Detailed competitors of PennantPark
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Web traffic of PennantPark
The website of PennantPark (pennantpark.com) receives about 8.6K visits a month.
- Monthly visits8.6K
▼ 40.7% vs previous month
Websites whose visitors overlap most with PennantPark. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
quotes.morningstar.com | quotes.morningstar.com | 100% | – | ||
investor.lpl.com | investor.lpl.com | 88% | – | ||
grosscapital.com | grosscapital.com | 88% | – | ||
| nasdaq.com | 70% | 9.3M | #7,724 | View details | |
investor.caesars.com | investor.caesars.com | 55% | – |
Top companies in Asset Management
3 companies that operate in the same segment as PennantPark (Asset Management) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of brokerage accounts, retirement planning, wealth management, and trading platforms | 1946 | Boston, Massachusetts, United States | USD 517.99 M | |||
Investment banking services are delivered across multiple financial sectors. | 1869 | New York, New York, United States | USD 126.21 B | 46,500 | ||
Mutual life insurance company | 1851 | Springfield, United States | 10,466 |
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Related news about Pennantpark
Complete news archive for PennantPark
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Frequently Asked Questions about PennantPark
PennantPark was founded in 2007 and raised its 1st funding round 12 years after it was founded.
PennantPark is headquartered in New York, United States. It is registered at New York, New York, United States.
Mark Linnan is the CEO of PennantPark, as recorded in our data.
Annual revenue of PennantPark is $255.38M as on Sep 30, 2025.
PennantPark was established in 2007 and is headquartered in New York, United States. The firm functions within the financial services sector, focusing on diversified investment management. A range of investment strategies and advisory services is offered to institutional and individual investors. Operations emphasize alternative assets and credit investments. Leadership includes Founder Art Penn and CEO MD Mark Linnan, with activities spanning domestic and international markets.
PennantPark's top competitors include Fidelity Investments, Guggenheim Partners and Morgan Stanley.
PennantPark offers Public Funds, Private Funds, and Joint Ventures.
Yes, PennantPark is publicly traded on NYSE under the ticker symbol PFLT.
PennantPark has made 2 acquisitions, including AKW, and MCG Capital.
PennantPark operates through Pennantpark Investment Advisers, Llc..