Private Equity Firm Financial Services

PennantPark Investment Advisers

Miami, Florida, United States

PennantPark is an alternative asset manager / middle-market credit manager providing selectively designed exposure to middle market credit, including financing solutions to private companies (often middle-market and private equity-backed).

Focus Areas
Middle-market lending, Direct lending / unitranche lending, Credit solutions

Tracked deals

3

3 tracked deals across 2021-2025.

Recent pace

0

0 tracked deals announced in the last 12 months.

Deal mix

Buyout

2 buyout · 1 growth capital

PennantPark Investment Advisers Acquisition Volume by Year

Last 3 years

Acquisition volume by year Annual acquisition counts for the last 3 years for PennantPark Investment Advisers. 1 2021 1 2024 1 2025

Supporting Data

Recent Transactions

  • Latticework Capital Management Invests in First Medical Associates
    June 24, 2025
    Buyer
    Latticework Capital Management, Funds managed by PennantPark Investment Advisers, LLC
    Target
    First Medical Associates
    Industry
    Healthcare Services
    Location
    Maryland, United States
    Type
    Buyout

    Latticework Capital Management announced a strategic investment to acquire First Medical Associates, a Germantown, Maryland-based primary care provider with eleven clinics. Funds managed by PennantPark Investment Advisers provided debt financing to support the acquisition, and Latticework will partner with founder Dr. Rakesh Malik to scale the business via geographic expansion and add-on growth.

  • O2 Investment Partners Forms Azureon Platform with Five Northeast Pool Companies
    October 1, 2024
    Buyer
    O2 Investment Partners, PennantPark Investment Advisors, LLC
    Target
    The Aqua Doctor, Chaikin Ultimate Pools, Cool Pool & Spa, Gorlin Pools and Spas, Rainbow Pools
    Industry
    Construction
    Location
    United States
    Type
    Buyout

    O2 Investment Partners has invested in and partnered with The Aqua Doctor, Chaikin Ultimate Pools, Cool Pool & Spa, Gorlin Pools and Spas, and Rainbow Pools to create Azureon, a new pool services platform serving the New York and New Jersey region. The deal (financed in part by PennantPark Investment Advisors) combines maintenance, repair, renovation, and design/build capabilities under a centralized leadership team while member companies and their management teams retain significant ownership.

  • Clarion Capital Partners Makes Strategic Investment in Ad.net
    July 20, 2021
    Buyer
    Clarion Capital Partners, Five Points Capital, PennantPark Investment Advisers, Stellus Capital Management
    Target
    Ad.net, Inc.
    Industry
    Marketing & Advertising
    Location
    California, United States
    Type
    Growth capital

    Clarion Capital Partners completed a strategic growth investment in Ad.net, a Los Angeles-based provider of digital performance advertising. Financing for the transaction included unitranche and other debt from PennantPark Investment Advisers, Stellus Capital Management and Five Points Capital (which also made an equity co-investment); Ad.net's CEO and founder Jon Waterman retained a significant ownership stake and will remain CEO.

Related Acquisition Pages

Construction Buyers & Acquisitions 1 tracked deal by PennantPark Investment Advisers. Healthcare Services Buyers & Acquisitions 1 tracked deal by PennantPark Investment Advisers. Marketing & Advertising Buyers & Acquisitions 1 tracked deal by PennantPark Investment Advisers. Acquisitions in California 1 tracked deal by PennantPark Investment Advisers. Acquisitions in Maryland 1 tracked deal by PennantPark Investment Advisers.

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