Pennantpark Investment Advisers, LLC is a large advisory firm based in New York. It manages $2.45 billion of regulatory assets for 5 client accounts. It has been registered with the SEC as an adviser since 2007.
Pennantpark Investment Advisers provides portfolio management for investment companies and portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Pennantpark Investment Advisers, LLC is $2.45 billion. The firm's AUM has grown by 2967% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Pennantpark Investment Advisers, LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to pooled investment vehicles and business development companies. The largest group of clients of Pennantpark Investment Advisers is business development companies with 2 clients and $2.24 billion of assets under management. Among the 9 most similar advisory firms, Pennantpark Investment Advisers has the 2nd highest percentage of business development companies out of all clients.
The amount of regulatory assets under management is $2.45 billion for 5 clients. None of the firm’s clients are foreign persons or businesses.
Pennantpark Investment Advisers also advises several private funds. Namely, three other private funds. The minimum investment commitment required of non-related persons is $5,000,000 for each fund.
The company employs 31 people that are either part- or full-time employees. 77 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
The principal office where Pennantpark Investment Advisers, LLC performs its advisory services is located at 590 Madison Avenue, New York, NY 10022, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 212-905-1000 or by fax 212-905-1075. The normal business hours are 8:30-5:30 on Monday - Friday.