PennantPark closes $745 million private credit continuation vehicle led by Pantheon
PNNT•Pantheon leads $745 million continuation vehicle closing
Pantheon led PennantPark’s $745 million private credit continuation vehicle, PennantPark Credit Secondary Fund, closing Sept. 8, 2026.
The vehicle acquired a mature, diversified portfolio of private credit investments across service-oriented industries.
Liquidity for legacy fund investors and new capital for follow-on financings
The deal provided liquidity to limited partners in legacy PennantPark funds, securing additional unfunded capital for follow-on financings.
PGIM reinvested alongside existing limited partners, with PennantPark also committing capital in an oversubscribed transaction.
