- VonInvesting.com
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PennantPark Investment Corporation is a closed-end, externally managed, non-diversified investment company. The company is a business development company whose objective is to generate both current income and capital appreciation while preserving capital through debt and equity investments. The Company invests primarily in middle market companies in the United States in the form of senior secured debt, secondary secured debt, subordinated debt and equity investments. The Company's debt investments have maturities ranging from 3 to 10 years and are made in the United States and, to a limited extent, in non-U.S. companies, partnerships and other business entities operating in various industries and geographic regions. The Company's investments include media, hotels, motels, inns and gaming, aerospace and defense, construction materials, environmental services, healthcare, education and child care, consumer products, printing and publishing, and automotive.