PennantPark Investment (PNNT) Earnings Call Presentation

PennantPark Investment Corporation Overview - PennantPark is an independent private credit platform with a core middle market focus[2] - The platform has deployed over $26 billion in capital since inception[2] - As of March 31, 2025, PennantPark has $10 billion of AUM[2] - The company has a team of 80 members across 6 offices[2] Investment Strategy and Portfolio - PennantPark targets profitable, growing, and cash-flowing companies with $10 million to $50 million of EBITDA[8] - The company actively covers 770+ middle market PE sponsors in the U S[10] - PennantPark has closed deals with 240+ PE sponsors, with the majority being repeat transactions[10] - The company's first lien loans have a cumulative default rate of 3 34% based on capital invested[17] PNNT Performance and Financials - PNNT's market value of investment is $1 2 billion as of March 31, 2025[29, 34] - PNNT reported $11 7 million of Net Investment Income (NII) during the fiscal second quarter[35] - The company's PSLF joint venture has grown to $1 4 billion of assets[35]