PennantPark Floating Rate Capital Ltd.는 사업개발회사입니다. 이 회사는 2차 직접 투자, 부채, 지분, 대출 투자를 추구합니다. 이 펀드는 변동금리 대출을 통해 비상장 기업 또는 거래량이 적거나 시가총액이 작은 상장 중견기업에 투자하고자 합니다. 주로 미국 기업에 투자하며, 제한적인 범위 내에서 비미국 기업에도 투자합니다. 이 펀드는 일반적으로 2백만 달러에서 2천만 달러 사이를 투자합니다. 이 펀드는 또한 부채 투자와 관련하여 또는 직접 투자를 통해 취득한 우선주, 보통주, 워런트 또는 옵션과 같은 지분 증권에도 투자합니다. 주로 1천만 달
PennantPark Floating Rate Capital Ltd. is a Private Debt, business development company. It seeks to make secondary direct, debt, equity, and loan investments. The fund seeks to invest through floating rate loans in private or thinly traded or small market-cap, public middle market companies. It primarily invests in the United States and to a limited extent non-U.S. companies. The fund typically invests between $2 million and $20 million. The fund also invests in equity securities, such as preferred stock, common stock, warrants or options received in connection with debt investments or through direct investments. It primarily invests between $10 million and $50 million in investments in senior secured loans and mezzanine debt. It seeks to invest in companies not rated by national rating agencies. The companies if rated would be between BB and CCC under the Standard & Poor's system. The fund invests 30% is invested in non-qualifying assets like investments in public companies whose securities are not thinly traded or do not have a market capitalization of less than $250 million, securities of middle-market companies located outside of the United States, high-yield bonds, distressed debt, private equity, securities of public companies that are not thinly traded, and investment companies as defined in the 1940 Act. Under normal conditions, the fund expects atleast 80 percent of its net assets plus any borrowings for investment purposes to be invested in Floating Rate Loans and investments with similar economic characteristics, including cash equivalents invested in money market funds. It expects to represent 65 percent of its portfolio through senior secured loans. In case of floating rate loans, it holds investments for a period of three to ten years.
