PennantPark forms $500 million joint venture with Hamilton Lane
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PennantPark Floating Rate Capital Ltd. Announces New Investment Venture with Hamilton Lane
August 11, 2025 4:05 PM UTCMIAMI, Aug. 11, 2025 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NYSE: PFLT) today announced that it has formed PennantPark Senior Secured Loan Fund II, LLC (PSSL II), a joint venture with a fund managed by Hamilton Lane (Nasdaq: HLNE) (HL). PSSL II is expected to invest primarily in middle market loans consistent with PFLTs core origination and underwriting strategy.
PFLT and HL have committed to provide a combined $200 million of notes and equity to the joint venture, with PFLT providing $150... More
