PennantPark Floating Rate (PFLT) Capital has agreed to expand its investment in PennantPark Senior Secured Loan Fund I. This transaction further strengthens this strategic partnership, which was put into place over seven years ago, and has generated strong returns to date. PFLT and its JV partner jointly agreed to invest an additional $100M of capital in PSSL. In conjunction with increased leverage capacity at PSSL, the $100M investment will expand the JV’s total investment capacity to $1.5B, representing a nearly $500M increase.
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