Pennantpark Investment Advisers, LLC (New York)

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.

Pennantpark Investment Advisers: assets under management

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 firm manages $2.44 billion in discretionary accounts and $12.66 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $610.22 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $12.66 million.

Pennantpark Investment Advisers has custody of $213.08 million in cash and securities for 3 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

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. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Pennantpark Investment Advisers serves?

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.

Careers at Pennantpark Investment Advisers, LLC

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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Arthur Howard Penn	Managing member and chief compliance officer	1 Jan 2007	75% - 100%	1884880
Aviv Efrat	Chief financial officer and treasurer	1 Feb 2007	Other	2889305
Arthur Howard Penn	Managing member	1 Mar 2007	75% - 100%	1884880
Arthur H. Penn 2007 Grantor Retained Annuity Trust	Member	1 Mar 2007	Other	xxx-xx-xxxx
Arthur H. Penn 2007 Accumulation Trust	Member	1 Mar 2007	Other	xxx-xx-xxxx
Arthur Howard Penn	Managing member	1 Jun 2007	75% - 100%	1884880
Matthew Stephen Hardin	Chief compliance officer	1 Jun 2007	Other	2366634
Guy Talarico	Chief compliance officer	1 May 2008	Other	4865564
Arthur H. Penn 2012 Gst Trust	Member	1 Dec 2012	Other	xxx-xx-xxxx

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Ilene D. Penn	Trustee	1 Mar 2007	Other	5511699

Based in New York

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.