Free NewsletterPro Login

Free Live Investors Workshop

Seats limited

Tue, Sep 29

The dollar is losing value.

Here’s how investors can still profit.

Hosted By

Jaspreet Singh

Founder, Briefs Finance

X

Warning: Undefined variable $stocks in /var/www/briefs.co/htdocs/wp-content/plugins/oxygen/component-framework/components/classes/code-block.class.php(133) : eval()'d code on line 448

Warning: foreach() argument must be of type array|object, null given in /var/www/briefs.co/htdocs/wp-content/plugins/oxygen/component-framework/components/classes/code-block.class.php(133) : eval()'d code on line 448

Warning: Undefined variable $funds in /var/www/briefs.co/htdocs/wp-content/plugins/oxygen/component-framework/components/classes/code-block.class.php(133) : eval()'d code on line 472

Warning: foreach() argument must be of type array|object, null given in /var/www/briefs.co/htdocs/wp-content/plugins/oxygen/component-framework/components/classes/code-block.class.php(133) : eval()'d code on line 472
/* the link was here */

PennantPark lines up $745M to keep middle-market loans in-house longer

Published Sep 8, 2026
[tts_player]
Share:
Summary:
  • PennantPark Investment Advisers secured a $745 million private credit continuation fund, allowing it to keep selected middle‑market loans on the books for a longer stretch.
  • The vehicle contains about 100 mostly first‑lien loans pulled from seven funds across business services, healthcare, IT, and industrial services.
  • Pantheon led the deal, PGIM joined, and new capital let PennantPark pay down some debt, according to Rakesh Jain.

What PennantPark did

PennantPark Investment Advisers assembled $745 million for a continuation vehicle that lets it hang onto certain mid‑market loans beyond the usual timetable. Pantheon served as lead buyer, with PGIM also taking part. Rakesh Jain, Pantheon's global head of private credit, said the structure brought in fresh cash that helped PennantPark repay part of its borrowings.

What the fund holds and why

Per Jain, the vehicle carries roughly 100 loans, largely first‑lien, sourced from seven different PennantPark funds. Sectors represented include industrial services alongside business services, healthcare, and information technology, and he noted the former is "catching a nice tailwind in terms of revenue and earnings growth."

Why this is happening

With dealmaking slower, lenders to private equity portfolio companies are holding assets longer. Most private credit loans mature in five to seven years, so managers are using continuation funds to extend ownership while still recycling capital back to investors. The trend is visible in secondaries, where credit secondary volumes reached $20.4 billion during the first half of 2026 - surpassing the total for all of last year, Evercore Inc. reports.

Manager‑led transactions, including those by Miami‑based PennantPark, reached $17 billion in the first half, nearly triple the same period in 2025. The backdrop is a private credit market that has swelled to more than $1.7 trillion.

When strategies evolve, protecting capital and staying patient can preserve long term progress. Join Briefs Finance CEO Jaspreet Singh on September 29th for a FREE live investor workshop, How to Profit From A Dollar That's Losing its Value, where he shows how we're spotting investment opportunities as the dollar falls. Save your spot.

What it means for your money

PennantPark says it has more than $10 billion in investable capital and lends to mid‑market companies, including private equity‑backed businesses with earnings between $10 million and $50 million. Founder Art Penn summed up the lender's mindset: "As a lender, we are focused on getting paid interest and principal," adding, "So flat earnings is okay for us, versus a private equity investor who usually needs growth and a nice exit to hit their return targets." For everyday investors, the signal is that continuation funds are becoming a go‑to tool for keeping steady loans on the books while still returning cash, a trend that can influence how yields and liquidity ripple through credit markets.

Smart investors balance caution with opportunity to help their savings grow steadily over time. Our CEO Jaspreet Singh is hosting a FREE live investor workshop, How to Profit From A Dollar That's Losing its Value, on September 29th. Sign up free to join him live.

Disclosure

Recent News

1 2 3 71

Get Market Briefs delivered to your inbox every morning for free!

No fluff. No noise. No politics. Just finance news you can read in 5 minutes.

Blogs

September 8, 2026
Why Is Everything So Expensive? Why Prices May Never Come Back Down
  • Official inflation is 3.4% and prices are up 32% since 2020, but rent (41%), gas (47%), car insurance (64%) and ground beef (79%) all outran the 28% median wage.
  • The Federal Reserve targets 2% inflation on purpose. Rising prices push extra dollars to investors and shrink the real cost of a $40 trillion national debt.
  • Investors who simply owned the S&P 500 gained about 150% over the same six years, and the Fed's September 16 decision will show whether it protects the dollar or the economy first.
Read More
September 7, 2026
The U.S. Housing Market Just Flipped: Renting a Home Now Beats Buying One
  • The US is in a buyer's market in 41 of the 50 largest metro areas, but prices sit near record highs and mortgage rates are close to 7%.
  • The same median house costs 27% more than it did in 2021 while the monthly payment costs 90% more, and incomes rose a little more than 10%.
  • A 2008-style crash is not showing up in the data, so the pressure is landing on buyers instead of prices.
Read More
September 4, 2026
An Interest Rate Hike in 2026? The Fed Just Broke Its Own Script
  • The Federal Reserve spent a year signaling cheaper money, and its new chairman just warned that an interest rate hike may be coming instead.
  • The Fed is stuck between high inflation and a weak job market, and fixing one makes the other worse.
  • Higher rates also reprice roughly a third of America's $40 trillion national debt this year, which is why Washington wants cuts so badly.
Read More
September 3, 2026
5 Passive Income Ideas That Pay You Whether You Work or Not
  • School teaches one formula: work, earn, spend. Stop working and the money stops, so the wheel never ends.
  • Five assets pay you without your labor - dividends, rent, interest, royalties, and the things you already own.
  • $80,000 a year of cash flow takes about $1 million invested at 8%, or roughly 20 years of $1,000 a month.
Read More
September 2, 2026
The Best Way to Invest 10k: Three Options To Transform 10K into 10 Million
  • Passive investing in stocks or real estate targets around 10% a year, and time in the market matters more than the price you get in at.
  • Active investing means putting your time in alongside your money, which raises the target to roughly 20% a year and raises the risk of losing it all.
  • Investing in yourself has no ceiling, because a new skill can create a new income that no market return can match.
Read More
September 1, 2026
The Tax Write Offs the Rich Are Using in 2026 While the IRS Shrinks
  • The 2026 tax brackets landed lower than they were headed, and the standard deduction jumped from a planned $8,350 to $16,100 for single filers.
  • New write offs for overtime, tips, seniors and car loan interest are live now, and most of them are written to expire in 2028.
  • About a third of IRS auditors have been fired, and four assets do most of the work for people who want income without a matching tax bill.
Read More
August 31, 2026
America Is Running Out of Debt Buyers. Treasury Bills Are the Government's Fix
  • The government took in about $5 trillion in taxes in 2025 and spent about $7 trillion, and the national debt is now over $40 trillion.
  • Investors, banks, and foreign countries are all lending less to the U.S., so starting September 9 the government plans to sell more short-term treasury bills and use that cash to buy back its long-term debt.
  • Government interest rates set the floor for your mortgage, your car loan, and your credit card, and short-term Treasury ETFs like SGOV are one way investors are playing it.
Read More
August 23, 2026
How to Get the Most From Your Guideline 401k
  • Guideline is a company that provides low-cost 401k plans, popular with small businesses and their employees.
  • A "Guideline 401k" follows the same core rules as any 401k: tax-advantaged growth, contribution limits, and often an employer match.
  • The biggest results come from capturing the full match, choosing low-cost funds, and picking Roth or traditional to fit your situation.
Read More
August 23, 2026
Principal 401k: What to Know About Your Plan
  • Principal is one of many companies that manage workplace 401k plans, so a "Principal 401k" is simply a 401k where Principal is the provider.
  • The rules of a 401k are the same no matter who runs it: pre-tax or Roth contributions, tax-advantaged growth, and often an employer match.
  • The biggest wins come from grabbing the full match, picking low-cost funds, and knowing whether Roth or traditional fits you.
Read More
August 23, 2026
What a Tariff Dividend Means for Your Money
  • A "tariff dividend" is the idea of taking money the government collects from tariffs and paying some of it back to citizens.
  • To judge the idea, you first need to know what a tariff is: a tax on imported goods, usually paid by the companies bringing them in.
  • Tariffs ripple through prices, businesses, and your investments, so the smart move is understanding those ripples, not just the headline.
Read More
1 2 3 26
Share via
Copy link