Arthur Penn is a renowned name in the financial services world. He has a vast experience – of more than 30 years, in leveraged finance, private equity businesses, mezzanine lending, and distressed debt. Arthur has also played a significant role in numerous businesses and has contributed notably to their success. Currently, Arthur Penn is the chairperson of the board and chief executive officer of Pennant Park Investment Corp. He is also its founder and has been the chairperson of its board and CEO since its inception in 2007.
Before founding the Arthur Penn Pennant Park, Mr. Penn was a managing partner in Apollo Investment from 2004 to 2006. He co-founded Apollo Investment Corporation and served as its chief operating officer from 2004 to 2006. In 2006, Mr. Penn served as Apollo Investment Corporation’s chief operating officer and president. Previously, he was a managing partner of Apollo Value Fund L.P. (formerly Apollo Distressed Investment Fund, L.P.) from 2003 through 2006.
Mr. Penn’s immense experience does not only come from running the aforementioned companies.
He also served as the Global Head of Leveraged Finance at UBS Warburg LLC (currently UBS Investment Bank) from 1999 to 2001. That’s not all. From 1994 to 1999, Mr. Penn served as Global Head of Fixed Income Capital markets for BT Securities and BT Alex. Prior to that, he was the Head of High-Yield Capital Markets at Lehman Brothers from 1992 through 1994.
Pennant Park has built a reputation for itself in the investment world. From 2007 to 2017, Pennant Park allocated about $7 billion to over 500 companies. Basically, Pennant Park provides middle-market companies with both creative and flexible capital solutions that transverse the capital structure. PennantPark’s headquarters are in New York, but it also has offices in Los Angeles, Chicago, Houston, and London.
Pennant Park offers capital solutions to a wide range of industries. It has been able to provide capital solutions to firms operating in healthcare, media and telecommunication, energy, business services, distribution, consumer products, aerospace and defense, logistics and transportation, gaming and lodging, technology, and manufacturing industries, just to mention but a few. Moreover, Pennant Park manages two publicly traded business development companies: Pennant Park Investment Corporation and Pennant Park Floating Rate Capital Ltd. It also manages a private fund, Pennant Park Credit Opportunities Fund II.
Pennant Park follows a strategic approach that is aimed at creating long-term and trustworthy relationships with the companies in which it invests together with its investors. The approach taken is not only anticipatory, but it also involves reviewing ongoing portfolios in addition to reasonable risk-management.