Pennantpark Investment Advisers, Llc
- Regulatory AUM
- $6.2B
- Discretionary
- $6.1B
- Clients
- 15
- Avg AUM / client
- $410M
- Accounts
- 15
- Employees
- 91
AUM over time
Annual snapshots from Form ADV filings · as of Mar 31, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Investment companies | 1 | — | — |
| Business development companies | 2 | $4.0B | 65.1% |
| Pooled investment vehicles (non-investment companies) | 12 | $2.1B | 34.9% |
Private funds (11)
Reported in Form ADV Section 7.B.(1), filing of Mar 2024 · $1.3B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Pennantpark Senior Credit Fund Levered, Lp master | Other Private Fund | Delaware | $382M | 28 |
| Pennantpark Credit Opportunities Fund Iv Aggregator, Lp master | Other Private Fund | Delaware | $225M | 13 |
| Pennantpark Credit Opportunities Fund Iii, Lp master | Other Private Fund | Delaware | $219M | 37 |
| Pennantpark Senior Credit Fund, Llc master | Other Private Fund | Delaware | $130M | 3 |
| Pennantpark Senior Credit Fund Sma, Lp | Other Private Fund | Cayman Islands | $129M | 1 |
| Pennantpark Capital Liquidity Solutions, Lp | Other Private Fund | Cayman Islands | $100M | 2 |
| Pennantpark Credit Opportunities Fund Ii, Lp master | Other Private Fund | Delaware | $80.6M | 18 |
| Tpds I Platinum Holdings Lp | Other Private Fund | Delaware | $25.3M | 1 |
| Sp Credit Acquisitions, Llc | Other Private Fund | Delaware | $18.8M | 2 |
| Berkeley Road Wc Funding Spv 2, Lp | Other Private Fund | Delaware | $13.9M | 1 |
| Berkeley Road Wc Funding Spv, Lp | Other Private Fund | Delaware | $3.6M | 2 |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| International Brotherhood Of Teamsters Retirement & Family Protection International Brotherhood Of Teamsters | 2024 |
People (4)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Penn, Arthur, Howard | Managing Member | Mar 2007 (19y) | 50% – 75% | |
| Caney, Lee, Daniel | Co Trustee Of Arthur H. Penn 2021 Trust | May 2021 (5y) | Less than 5% | |
| Penn, Ilene, D. | Trustee Of Arthur H. Penn 2021 Trust Mcp 2012 Gst Trust Asp 2012 Gst Trust Esp 2012 Gst Trust | May 2021 (5y) | Less than 5% | |
| Galea, Frank, Robert | Chief Compliance Officer | May 2023 (3y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Arthur H. Penn 2021 Trust | Member | May 2021 | A | 10% – 25% |
| Mcp 2012 Gst Trust | Member | Oct 2022 | A | 10% – 25% |
| Asp 2012 Gst Trust | Member | Oct 2022 | A | 10% – 25% |
| Esp 2012 Gst Trust | Member | Oct 2022 | A | 10% – 25% |
Undisclosed: 0% – 10% of the firm is not attributable from the filed Schedule A bands.
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (11, $1.3B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Pennantpark Senior Credit Fund Levered, Lp | Other Private Fund | $382M | $100K | 28 |
| Pennantpark Credit Opportunities Fund Iv Aggregator, Lp | Other Private Fund | $225M | $5.0M | 13 |
| Pennantpark Credit Opportunities Fund Iii, Lp | Other Private Fund | $219M | $5.0M | 37 |
| Pennantpark Senior Credit Fund, Llc | Other Private Fund | $130M | $5.0M | 3 |
| Pennantpark Senior Credit Fund Sma, Lp | Other Private Fund | $129M | $125M | 1 |
| Pennantpark Capital Liquidity Solutions, Lp | Other Private Fund | $100M | $15.0M | 2 |
| Pennantpark Credit Opportunities Fund Ii, Lp | Other Private Fund | $80.6M | $5.0M | 18 |
| Tpds I Platinum Holdings Lp | Other Private Fund | $25.3M | $25.0M | 1 |
| Sp Credit Acquisitions, Llc | Other Private Fund | $18.8M | $0 | 2 |
| Berkeley Road Wc Funding Spv 2, Lp | Other Private Fund | $13.9M | $5.0M | 1 |
| Berkeley Road Wc Funding Spv, Lp | Other Private Fund | $3.6M | $5.0M | 2 |
From Form ADV Section 7.B private fund reporting.
Retirement plans served (1)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| International Brotherhood Of Teamsters Retirement & Family Protection | International Brotherhood Of Teamsters | 316 | $152M | 01/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/31/2026 | 3.88 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for investment companies
- • Portfolio management for pooled investment vehicles
Custody
Firm reports having custody of client funds or securities (Item 9.A).
No custodian data reported or mined yet.
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 31, 2026.
View current Form ADV (SEC/IAPD) ↗