|
PENNANTPARK INVESTMENT CORPORATION — SCHEDULE OF INVESTMENTS
March 31, 2012
| Issuer Name |
Maturity |
Industry |
Current Coupon |
Basis Points Above Index (4) |
Par / Shares |
Cost |
Fair Value (3) |
|
| Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 143.8% (1),(2) |
| First Lien Secured Debt - 45.2% |
American Surgical Holdings, Inc.
Sponsor: Great Point Partners
Description: Provides professional surgical assistant services to patients, surgeons, and healthcare institutions.
|
03/23/2015 |
Healthcare, Education and Childcare |
14.00% |
L+1,000(7) |
$ 19,250,000 |
$ 18,783,191 |
$ 19,250,000 |
Brand Energy and Infrastructure Services, Inc.
Sponsor: First Reserve
Description: Specialty service provider to energy market.
|
02/07/2014 |
Energy / Utilities |
3.76% |
L+325 |
2,000,000 |
1,677,320 |
1,851,000 |
CEVA Group PLC(5),(9)
Sponsor: Apollo
Description: Integrated logistics company with services that include contract logistics, freight forwarding, distribution management and transportation management.
|
10/01/2016 |
Logistics |
11.63% |
--- |
7,500,000 |
7,341,591 |
7,950,000 |
CEVA Group PLC(5),(9)
Sponsor: Apollo
Description: Integrated logistics company with services that include contract logistics, freight forwarding, distribution management and transportation management.
|
04/01/2018 |
Logistics |
11.50% |
--- |
1,000,000 |
989,464 |
990,000 |
Columbus International, Inc.(5),(9)
Sponsor: CFFI Venture Inc. AIC Global Holdings Inc.
Description: Commercial & Retail broadband services provider.
|
11/20/2014 |
Communications |
11.50% |
--- |
10,000,000 |
10,000,000 |
11,095,000 |
|
Good Sam Enterprises, LLC(5)
Description: Member-based direct marketing company targeting North American recreational vehicle market.
|
12/01/2016 |
Consumer Products |
11.50% |
--- |
12,000,000 |
11,777,014 |
12,360,000 |
|
Hanley-Wood, L.L.C.
Description: B2B media company serving residential and commercial construction sectors.
|
01/13/2017 |
Other Media |
8.00% |
L+650(7) |
1,761,727 |
1,761,727 |
1,761,727 |
IDQ Holdings, Inc.(5)
Sponsor: Castle Harlan
Description: Provider of air conditioning maintenance and repair solutions for the do-it-yourself automotive aftermarket.
|
04/01/2017 |
Auto Sector |
11.50% |
--- |
11,500,000 |
11,270,580 |
11,787,500 |
Instant Web, Inc.
Sponsor: Avista Capital Partners and Court Square
Description: Fully integrated provider of direct mail solutions.
|
08/07/2014 |
Printing and Publishing |
14.50% |
L+950(7) |
24,500,000 |
24,015,996 |
24,990,000 |
Interactive Health Solutions, Inc.
Sponsor: CI Capital Partners
Description: Designs and administers employee wellness programs.
|
10/04/2016 |
Healthcare, Education and Childcare |
11.50% |
L+950(7) |
18,762,500 |
18,353,870 |
18,921,981 |
Jacuzzi Brands Corp.
Sponsor: Apollo and Ares
Description: Leading global producer of premium branded, home water comfort and therapy products.
|
02/07/2014 |
Home and Office Furnishings, Housewares and Durable Consumer Products |
2.61% |
L+225 |
9,635,135 |
9,635,135 |
5,331,438 |
K2 Pure Solutions NoCal, L.P.
Sponsor: Centre Partners
Description: Operates a chlor-alkali manufacturing facility that supplies water treatment, household and industrial end-markets.
|
09/10/2015 |
Chemicals, Plastics and Rubber |
10.00% |
P+675(7) |
18,952,500 |
18,097,866 |
18,762,975 |
Kadmon Pharmaceuticals, LLC (f/k/a Three Rivers Pharmaceutical, L.L.C.)
Sponsor: Kadmon Holdings, LLC
Description: Develops, manufactures, and markets generic pharmaceutical drug products, with significant focus on Hepatitis C drugs.
|
10/31/2012 |
Healthcare, Education and Childcare |
15.00% |
L+1,300(7) |
4,981,188 |
4,965,097 |
5,055,906 |
Learning Care Group, Inc.
Sponsor: Morgan Stanley Private Equity
Description: Child education and care services provider.
|
04/27/2016 |
Education |
12.00% |
--- |
26,052,632 |
25,600,462 |
25,466,448 |
Penton Media, Inc.
Sponsor: Mid Ocean and Wasserstein
Description: Largest independent B2B platform provider.
|
08/01/2014 |
Other Media |
5.00%
(PIK 1.00%) |
L+400(7) |
37,772,126 |
33,106,023 |
29,950,160 |
Pre-Paid Legal Services, Inc., Tranche A
Sponsor: MidOcean Partners
Description: Provides legal services and identity theft monitoring and protection to its members.
|
12/30/2016 |
Personal, Food and Miscellaneous Services |
7.50% |
L+600(7) |
1,796,748 |
1,771,633 |
1,733,862 |
Pre-Paid Legal Services, Inc., Tranche B
Sponsor: MidOcean Partners
Description: Provides legal services and identity theft monitoring and protection to its members.
|
12/30/2016 |
Personal, Food and Miscellaneous Services |
11.00% |
L+950(7) |
35,000,000 |
34,053,237 |
33,950,000 |
|
Questex Media Group LLC(8)
Description: Business to business media organization.
|
12/16/2012 |
Other Media |
--- |
--- |
133,603 |
133,603 |
133,603 |
Tekelec Global, Inc. (First Out)
Sponsor: Siris Capital
Description: Global Provider of software solutions primarily for telecommunications and cable companies.
|
01/29/2018 |
Telecommunications |
9.00% |
L+750(7) |
4,250,000 |
4,187,709 |
4,250,000 |
Tekelec Global, Inc. (Second Out)
Sponsor: Siris Capital
Description: Global Provider of software solutions primarily for telecommunications and cable companies.
|
01/29/2018 |
Telecommunications |
13.50% |
L+1,200(7) |
10,625,000 |
10,320,982 |
10,625,000 |
UP Services, Inc.
Sponsor: KRG Capital Partners
Description: Leading independent pipeline engineering services firm in the United States.
|
02/08/2013 |
Oil and Gas |
9.50%
(PIK 0.75%) |
L+800(8) |
14,319,391 |
11,201,685 |
11,127,896 |
UP Services, Inc.(8)
Sponsor: KRG Capital Partners
Description: Leading independent pipeline engineering services firm in the United States.
|
02/08/2013 |
Oil and Gas |
--- |
---(7) |
1,916,666 |
1,532,977 |
1,489,481 |
|
Yonkers Racing Corp.(5)
Description: Provider of video gaming machines, live harness racing, and simulcasting services in Yonkers, New York.
|
07/15/2016 |
Hotels, Motels, Inns and Gaming |
11.38% |
--- |
4,500,000 |
4,396,222 |
4,826,250 |
| Total First Lien Secured Debt |
|
$264,973,384 |
$263,660,227 |
| |
| Second Lien Secured Debt - 26.8% |
Brand Energy and Infrastructure Services, Inc.
Sponsor: First Reserve
Description: Specialty service provider to energy market.
|
02/07/2015 |
Energy/Utilities |
6.58% |
L+600 |
13,600,000 |
13,333,203 |
11,356,000 |
Brand Energy and Infrastructure Services, Inc.
Sponsor: First Reserve
Description: Specialty service provider to energy market.
|
02/07/2015 |
Energy/Utilities |
7.55% |
L+700 |
12,000,000 |
11,837,896 |
10,392,000 |
DirectBuy Holdings, Inc.(5),(6)
Sponsor: Trivest Partners
Description: One of the largest membership-based consumer buying clubs in North America.
|
02/01/2017 |
Consumer Products |
12.00% |
--- |
34,000,000 |
31,964,124 |
6,460,000 |
Eureka Hunter Pipeline, LLC
Sponsor: Magnum Hunter Resources
Description: Natural gas pipeline operator.
|
08/16/2018 |
Energy/Utilities |
12.50%
(PIK 2.75%) |
--- |
46,000,000 |
45,629,410 |
47,495,000 |
Eureka Hunter Pipeline, LLC(8)
Sponsor: Magnum Hunter Resources
Description: Natural gas pipeline operator.
|
08/16/2012 |
Energy/Utilities |
--- |
--- |
4,000,000 |
3,900,000 |
4,130,000 |
Greatwide Logistics Services, L.L.C.
Sponsor: Centerbridge Partners
Description: Transportation, third-party logistics, warehouse/distribution and truckload brokerage company.
|
03/01/2014 |
Cargo Transport |
11.00%
(PIK 11.00%) |
L+700(7) |
3,018,217 |
3,018,220 |
2,822,033 |
Paradigm Management Services, LLC
Sponsor: Lightyear Capital
Description: Provider of catastrophic and pain management services to injured workers.
|
07/31/2017 |
Healthcare, Education and Childcare |
12.50% |
L+1,000(7) |
20,512,821 |
20,013,680 |
20,512,821 |
|
Questex Media Group LLC, Term Loan A
Description: Business to business media organization.
|
12/15/2014 |
Other Media |
9.50% |
L+650(7) |
2,955,232 |
2,955,232 |
2,742,455 |
|
Questex Media Group LLC, Term Loan B
Description: Business to business media organization.
|
12/15/2015 |
Other Media |
11.50%
(PIK 11.50%) |
L+750(7) |
2,107,105 |
2,107,105 |
1,860,574 |
Realogy Corp.
Sponsor: Apollo
Description: Real estate brokerage and services company.
|
10/15/2017 |
Buildings and Real Estate |
13.50% |
--- |
10,000,000 |
10,000,000 |
10,260,710 |
ROC Finance LLC and ROC Finance 1 Corp
Sponsor: Rock Gaming / Caesars Entertainment
Description: Operator of a casino in Cleveland and Cincinnati.
|
09/01/2018 |
Hotels, Motels, Inns and Gaming |
12.13% |
--- |
16,000,000 |
15,741,814 |
17,840,000 |
Sheridan Holdings, Inc.
Sponsor: Hellman & Friedman
Description: Outsourced physician staffing.
|
06/15/2015 |
Healthcare, Education and Childcare |
5.99% |
L+575 |
13,500,000 |
12,046,148 |
13,083,755 |
TransFirst Holdings, Inc.
Sponsor: Welsh Carson
Description: Transaction processing company.
|
06/15/2015 |
Financial Services |
6.25% |
L+600 |
7,811,488 |
7,468,552 |
7,303,741 |
| Total Second Lien Secured Debt |
|
$180,015,384 |
$156,259,089 |
| |
| Subordinated Debt / Corporate Notes - 60.6% | | | | | | |
Acentia, LLC
Sponsor: Snow Phipps
Description: Provider of information technology solutions to the government and healthcare markets.
|
10/02/2017 |
Electronics |
13.75% |
--- |
19,000,000 |
18,525,557 |
18,525,000 |
Affinion Group Holdings, Inc.
Sponsor: Apollo
Description: Direct marketer of membership, insurance and package enhancement programs and services.
|
11/15/2015 |
Consumer Products |
11.63% |
--- |
35,552,000 |
34,084,352 |
32,174,560 |
|
DiversiTech Corporation
Description: Designs and manufactures, padding and other parts and accessories for heating, ventilation, air conditioning and refrigeration systems.
|
01/29/2017 |
Manufacturing / Basic Industry |
13.50%
(PIK 2.00%) |
--- |
11,000,000 |
10,792,285 |
11,192,500 |
Escort, Inc.
Sponsor: Falconhead Capital
Description: Designer, manufacturer and marketer of radar and laser detectors.
|
06/01/2016 |
Electronics |
14.75%
(PIK 2.75%) |
--- |
24,904,672 |
24,350,195 |
24,904,672 |
Galls, LLC; Quartermaster, Inc.
Sponsor: CI Capital Partners
Description: Distributor of public safety, private security and defense products in the United States.
|
03/31/2017 |
Distribution |
13.00% |
--- |
21,580,914 |
21,152,375 |
21,580,914 |
JF Acquisition, LLC
Sponsor: MidOcean Partners
Description: Provider of repair, maintenance, distribution and installation services to the fueling infrastructure industry.
|
12/30/2017 |
Distribution |
14.00%
(PIK 2.00%) |
--- |
17,000,000 |
16,545,371 |
16,575,000 |
Last Mile Funding Corp.
Sponsor: Arcapita
Description: Provides last-mile delivery services for retailers in North America.
|
06/30/2016 |
Cargo Transport |
14.50%
(PIK 2.50%) |
--- |
45,023,152 |
44,045,590 |
44,482,874 |
Learning Care Group (US) Inc.
Sponsor: Morgan Stanley Private Equity
Description: Child education and care services provider.
|
06/30/2016 |
Education |
15.00%
(PIK 15.00%) |
--- |
4,909,506 |
4,278,793 |
4,455,377 |
LTI Flexible Products, Inc.
Sponsor: Sentinel Capital Partners
Description: Manufactures components for OEMs in a variety of industries.
|
01/26/2017 |
Chemical, Plastic and Rubber |
13.88%
(PIK 1.88%) |
--- |
34,262,227 |
33,469,743 |
34,947,472 |
MailSouth, Inc.
Sponsor: Court Square Capital Partners, L.P.
Description: Provides direct mail solutions serving rural and suburban markets across the U.S.
|
06/15/2017 |
Printing and Publishing |
14.50%
(PIK 2.00%) |
--- |
15,000,000 |
14,609,296 |
15,000,000 |
MedQuist, Inc.
Sponsor: S.A.C. Capital Advisors, L.P.
Description: Provides outsourced transcription services to hospitals and physician practices.
|
10/14/2016 |
Business Services |
13.00%
(PIK 2.00%) |
--- |
19,000,000 |
18,526,226 |
19,997,500 |
PAS Technologies, Inc.
Sponsor: KRG Capital Partners
Description: Provides repair and overhaul services to the aerospace, oilfield and industrial markets.
|
05/12/2017 |
Aerospace and Defense |
15.02%
(PIK 3.02%) |
--- |
17,123,218 |
16,758,032 |
16,849,247 |
Prince Mineral Holding Corp.
Sponsor: Palladium Equity Partners
Description: International processor and marketer of specialty industrial minerals.
|
12/03/2016 |
Mining, Steel, Iron and Non-Precious Metals |
13.50%
(PIK 2.00%) |
--- |
26,431,541 |
25,961,026 |
26,431,541 |
Realogy Corp.
Sponsor: Apollo
Description: Real estate brokerage and services company.
|
04/15/2018 |
Buildings and Real Estate |
11.00% |
--- |
10,000,000 |
9,201,906 |
8,000,000 |
TRAK Acquisition Corp.
Sponsor: HIG Capital
Description: Outsourced legal collections on consumer receivables.
|
12/29/2015 |
Business Services |
15.00%
(PIK 2.50%) |
--- |
12,020,950 |
11,685,601 |
12,020,950 |
UP Support Services, Inc.
Sponsor: KRG Capital Partners
Description: Leading independent pipeline engineering services firm in the United States.
|
02/08/2015 |
Oil and Gas |
19.50%
(PIK 19.50%) |
--- |
29,152,826 |
29,114,234 |
19,532,393 |
Veritext Corp.
Sponsor: Investcorp
Description: Provider of deposition and litigation support to law firms, corporations and regulatory agencies
|
12/31/2015 |
Business Services |
14.00%
(PIK 3.00%) |
--- |
16,200,000 |
15,883,636 |
16,200,000 |
Veritext Corp.(8)
Sponsor: Investcorp
Description: Provider of deposition and litigation support to law firms, corporations and regulatory agencies.
|
12/31/2012 |
Business Services |
--- |
--- |
10,800,000 |
10,530,000 |
10,800,000 |
| Total Subordinated Debt/Corporate Notes |
|
$359,514,218 |
$353,670,000 |
| |
| Preferred Equity/Partnership Interests - 1.3%(7) |
AH Holdings, Inc.
(American Surgical Holdings, Inc.)
Sponsor: Great Point Partners
Description: Provides professional surgical assistant services to patients, surgeons, and healthcare institutions.
|
--- |
Healthcare, Education and Childcare |
6.00% |
--- |
211 |
500,000 |
623,379 |
AHC Mezzanine, LLC
(Advanstar Inc.)
Sponsor: Veronis Suhler
Description: Business to business media company.
|
--- |
Other Media |
--- |
--- |
7,505 |
318,896 |
0 |
CI (IHS) Investment Holdings, LLC
Sponsor: CI Capital
Description: Designs and administers employer wellness programs.
|
--- |
Healthcare, Education and Childcare |
8.00% |
--- |
76,357 |
765,307 |
980,762 |
CI (IHS) Investment Holdings, LLC(8)
Sponsor: CI Capital Partners
Description: Designs and administers employer wellness programs.
|
--- |
Healthcare, Education and Childcare |
--- |
--- |
38,179 |
382,654 |
0 |
|
HW Topco, Inc. (Hanley-Wood, LLC)
Description: B2B media company serving residential and commercial construction sectors.
|
--- |
Other Media |
8.00% |
--- |
3,591 |
24,177 |
25,868 |
PAS Tech Holdings, Inc. Series A-1
(PAS Technologies)
Sponsor: KRG Capital Partners
Description: Provides repair and overhaul services to the aerospace, oilfield and industrial markets.
|
--- |
Aerospace and Defense |
8.00% |
--- |
20,000 |
1,980,000 |
1,421,407 |
TZ Holdings, L.P., Series A
(Trizetto Group, Inc.)
Sponsor: Apax Partners
Description: Leading healthcare information technology, software and consulting service provider.
|
--- |
Insurance |
--- |
--- |
686 |
685,820 |
685,820 |
TZ Holdings, L.P., Series B
(Trizetto Group, Inc.)
Sponsor: Apax Partners
Description: Leading healthcare information technology, software and consulting service provider.
|
--- |
Insurance |
6.50% |
--- |
1,312 |
1,312,006 |
1,623,922 |
Universal Pegasus International, Inc.
(f/k/a UP Holdings, Inc.)
Sponsor: KRG Capital Partners
Description: Leading energy engineering services provider.
|
--- |
Oil and Gas |
8.00% |
--- |
101,175 |
2,738,050 |
0 |
Verde Parent Holdings, Inc.
(VPSI, Inc.)
Sponsor: TPG Growth
Description: Provider of professionally managed commuter vanpools in the U.S.
|
--- |
Personal Transportation |
8.00% |
--- |
1,824,167 |
1,824,167 |
2,061,678 |
| Total Preferred Equity/Partnership Interests |
|
$10,531,077 |
$7,422,836 |
| |
| Common Equity/Warrants/Partnership Interests - 9.9%(7) |
Acentia, LLC, Class A Units(12)
Sponsor: Snow Phipps
Description: Provider of information technology solutions to the government and healthcare markets.
|
--- |
Electronics |
--- |
--- |
1,998 |
2,000,000 |
2,000,000 |
AH Holdings, Inc.
(American Surgical Holdings, Inc.) (Warrants)
Sponsor: Great Point Partners
Description: Provides professional surgical assistant services to patients, surgeons, and healthcare institutions.
|
03/23/2021 |
Healthcare, Education and Childcare |
--- |
--- |
753 |
0 |
2,092,725 |
CEA Autumn Management, L.L.C.
Sponsor: CEA Autumn
Description: Global video game publisher.
|
--- |
Broadcasting and Entertainment |
--- |
--- |
1,333 |
3,000,000 |
0 |
CI (Galls) Prime Investment Holdings, LLC
(Galls, LLC: Quartermaster Inc.)(11)
Sponsor: CI Capital Partners
Description: Distributor of public safety, private security and defense products in the United States.
|
--- |
Distribution |
--- |
--- |
1,505,000 |
1,505,000 |
1,505,000 |
CI (IHS) Investment Holdings, LLC
Sponsor: CI Capital Partners
Description: Designs and administers employer wellness programs.
|
--- |
Healthcare, Education and Childcare |
--- |
--- |
23,416 |
234,693 |
300,781 |
CI (IHS) Investment Holdings, LLC(8)
Sponsor: CI Capital Partners
Description: Designs and administers employer wellness programs.
|
--- |
Healthcare, Education and Childcare |
--- |
--- |
11,708 |
117,346 |
0 |
CT Technologies Holdings, LLC
Sponsor: ABRY
Description: Leading outsource provider of "release of information" services to healthcare facilities.
|
--- |
Business Services |
--- |
--- |
5,556 |
2,277,209 |
6,456,840 |
DirectBuy Investors L.P.
Sponsor: Trivest Partners
Description: One of the largest membership-based consumer buying clubs in North America.
|
--- |
Consumer Products |
--- |
--- |
30,000 |
1,350,000 |
0 |
|
HW Topco, Inc. (Hanley-Wood, LLC)
Description: B2B media company serving residential and commercial construction sectors.
|
--- |
Other Media |
--- |
--- |
348,912 |
2,443,050 |
2,394,070 |
Kadmon Corporation, LLC, Class A
Sponsor: Kadmon Corporation, LLC
Description: Develops, manufactures, and markets generic pharmaceutical drug products, with significant focus on Hepatitis C drugs.
|
--- |
Healthcare, Education and Childcare |
--- |
--- |
1,079,920 |
1,236,832 |
10,802,578 |
Kadmon Corporation, LLC, Class D
Sponsor: Kadmon Corporation, LLC
Description: Develops, manufactures, and markets generic pharmaceutical drug products, with significant focus on Hepatitis C drugs.
|
--- |
Healthcare, Education and Childcare |
--- |
--- |
1,079,920 |
1,028,807 |
1,028,807 |
Learning Care Group (US) Inc. (Warrants)
Sponsor: Morgan Stanley Private Equity
Description: Child education and care services provider.
|
04/27/2020 |
Education |
--- |
--- |
1,267 |
779,920 |
0 |
Magnum Hunter Resources Corporation
(Eureka Hunter Pipeline LLC)
Description: Independent exploration and production company.
|
--- |
Oil and Gas |
--- |
--- |
1,221,932 |
3,239,999 |
7,832,584 |
Magnum Hunter Resources Corporation (Warrants)
(Eureka Hunter Pipeline LLC)
Description: Independent exploration and production company.
|
10/14/2013 |
Oil and Gas |
--- |
--- |
122,193 |
105,697 |
129,209 |
MidOcean JF Holdings Corp.
(JF Acquisition, LLC)
Sponsor: MidOcean Partners
Description: Provider of repair, maintenance, distribution and installation services to the fueling infrastructure industry.
|
--- |
Distribution |
--- |
--- |
1,700 |
1,700,000 |
1,515,631 |
MidOcean PPL Holdings, Inc.
(Pre-Paid Legal Services, Inc.)
Sponsor: MidOcean Partners
Description: Provides legal services and identity theft monitoring and protection to its members.
|
--- |
Personal, Food and Miscellaneous Services |
--- |
--- |
3,000 |
3,000,000 |
3,898,882 |
Paradigm Acquisition Corp.
(Paradigm Management Services, LLC)
Sponsor: Lightyear Capital
Description: Provider of catastrophic and pain management services to injured workers.
|
--- |
Healthcare, Education and Childcare |
--- |
--- |
20,000 |
2,000,000 |
2,000,000 |
PAS Tech Holdings, Inc.
(PAS Technologies)
Sponsor: KRG Capital Partners
Description: Provides repair and overhaul services to the aerospace, oilfield and industrial markets.
|
--- |
Aerospace and Defense |
--- |
--- |
20,000 |
20,000 |
0 |
QMG HoldCo, LLC, Class A
(Questex Media Group, Inc.)
Description: Business to business media organization.
|
--- |
Other Media |
--- |
--- |
4,325 |
1,306,167 |
2,349,899 |
QMG HoldCo, LLC, Class B
(Questex Media Group, Inc.)
Description: Business to business media organization.
|
--- |
Other Media |
--- |
--- |
531 |
0 |
288,508 |
Titan Private Holdings I, LLC - Class A
(Tekelec Global, Inc.)
Sponsor: Siris Capital
Description: Global Provider of software solutions primarily for telecommunications and cable companies.
|
--- |
Telecommunications |
--- |
--- |
2,276,847 |
2,274,883 |
2,276,847 |
TRAK Acquisition Corp. (Warrants)
Sponsor: HIG Capital
Description: Outsourced legal collections on consumer receivables.
|
12/29/2019 |
Business Services |
--- |
--- |
3,500 |
29,400 |
863,190 |
Transportation 100 Holdco, L.L.C.
(Greatwide Logistics Services, L.L.C.)(10)
Sponsor: Centerbridge Partners
Description: Transportation, third-party logistics, warehouse/distribution and truckload brokerage company.
|
--- |
Cargo Transport |
--- |
--- |
137,923 |
2,111,588 |
0 |
TZ Holdings, L.P. (Trizetto Group, Inc.)
Sponsor: Apax Partners
Description: Leading healthcare information technology, software and consulting service provider.
|
--- |
Insurance |
--- |
--- |
2 |
9,843 |
1,768,884 |
Universal Pegasus International, Inc.
(f/k/a UP Holdings, Inc.)
Sponsor: KRG Capital Partners
Description: Leading energy engineering services provider.
|
--- |
Oil and Gas |
--- |
--- |
110,742 |
1,107 |
0 |
Verde Parent Holdings, Inc.
(VPSI, Inc.)
Sponsor: TPG Growth
Description: Provider of professionally managed commuter vanpools in the U.S.
|
--- |
Personal Transportation |
--- |
--- |
9,166 |
9,166 |
10,359 |
VText Holdings, Inc.
(Veritext Corp.)
Sponsor: Investcorp
Description: Provider of deposition and litigation support to law firms, corporations and regulatory agencies.
|
--- |
Business Services |
--- |
--- |
35,526 |
4,050,000 |
8,170,233 |
| Total Common Equity/Warrants/Partnership Interests |
|
$35,830,707 |
$57,685,027 |
| |
| Investments in Non-Controlled, Non-Affiliated Portfolio Companies |
$850,864,770 |
$838,697,179 |
| Investments in Non-Controlled, Affiliated Portfolio Companies - 6.1%(1),(2) |
|
| Total First Lien Secured Debt |
|
$0 |
$0 |
| |
| Second Lien Secured Debt - 2.0% |
|
EnviroSolutions, Inc.
Description: Diversified environmental services provider.
|
07/29/2014 |
Environmental Services |
8.00% |
L+600(7) |
$ 4,402,812 |
$ 4,402,812 |
$ 4,402,812 |
Performance, Inc.
Sponsor: North Castle Partners
Description: Independent bike dealer and bicycle and cycling accessories direct marketer.
|
01/16/2015 |
Leisure, Amusement, Motion Pictures and Entertainment |
7.25% |
L+625(7) |
8,000,000 |
8,000,000 |
7,424,000 |
| Total Second Lien Secured Debt |
|
$12,402,812 |
$11,826,812 |
| |
| Subordinated Debt/Corporate Notes - 1.2% |
Performance Holdings, Inc.
Sponsor: North Castle Partners
Description: Independent bike dealer and bicycle and cycling accessories direct marketer.
|
07/16/2015 |
Leisure, Amusement, Motion Pictures and Entertainment |
15.00%
(PIK 15.00%) |
--- |
7,293,719 |
7,148,244 |
6,965,502 |
| |
| Common Equity/Partnership Interest - 2.9%(6) |
|
EnviroSolutions, Inc.
Description: Diversified environmental services provider.
|
--- |
Environmental Services |
--- |
--- |
103,450 |
8,156,770 |
15,546,685 |
NCP-Performance (Performance Holdings, Inc.)
Sponsor: North Castle Partners
Description: Independent bike dealer and bicycle and cycling accessories direct marketer.
|
--- |
Leisure, Amusement, Motion Pictures and Entertainment |
--- |
--- |
375,000 |
3,750,000 |
1,317,111 |
| Total Common Equity/Partnership Interest |
|
$11,906,770 |
$16,863,796 |
| |
| Investments in Non-Controlled, Affiliated Portfolio Companies |
$31,457,826 |
$35,656,110 |
| Investments in Controlled, Affiliated Portfolio Companies - 2.5%(1),(2) |
| First Lien Secured Debt - 1.8% |
|
SuttonPark Holdings, Inc.
Description: Purchases and re-sells high-quality deferred payment annuity obligations from brokers and individual holders.
|
06/30/2020 |
Business Services |
14.00% |
--- |
$ 10,000,000 |
$ 10,000,000 |
$ 10,501,510 |
| |
| Subordinated Debt/Corporate Notes - 0.4% |
|
SuttonPark Holdings, Inc.
Description: Purchases and re-sells high-quality deferred payment annuity obligations from brokers and individual holders.
|
06/30/2020 |
Business Services |
14.00% |
--- |
2,500,000 |
2,500,000 |
2,273,155 |
| |
| Preferred Equity - 0.3%(6) |
|
SuttonPark Holdings, Inc.
Description: Purchases and re-sells high-quality deferred payment annuity obligations from brokers and individual holders.
|
--- |
Business Services |
14.00% |
--- |
2,000 |
2,000,000 |
1,725,337 |
| |
| Common Equity - 0.0%(6) |
|
SuttonPark Holdings, Inc.
Description: Purchases and re-sells high-quality deferred payment annuity obligations from brokers and individual holders.
|
--- |
Business Services |
--- |
--- |
100 |
100 |
0 |
| |
| Investments in Controlled, Affiliated Portfolio Companies |
$14,500,100 |
$14,500,002 |
|
| Total Investments - 152.4% |
$896,822,696 |
$888,853,291 |
|
| Cash Equivalents - 4.6% |
--- | --- |
$26,964,225 |
$26,964,225 |
$26,964,225 |
| Total Investments and Cash Equivalents - 157.0% |
| |
|
$923,786,921 |
$915,817,516 |
| Liabilities in Excess of Other Assets - (57.0%) |
| |
|
|
($332,509,871) |
| Net Assets - 100.0% |
| |
| |
|
|
$583,307,645 |
(1) The provisions of the 1940 Act, as amended, or the 1940 Act, classify investments based on the level of control that we maintain in a particular portfolio company. As defined in the 1940 Act, a company is deemed as “non-controlled” when we own less than 25% of a portfolio company’s voting securities and “controlled” when we own 25% or more of a portfolio company’s voting securities.
(2) The provisions of the 1940 Act classify investments further based on the level of ownership that we maintain in a particular portfolio company. As defined in the 1940 Act, a company is deemed as “non-affiliated” when we own less than 5% of a portfolio company’s voting securities and “affiliated” when we own 5% or more of a portfolio company’s voting securities.
(3) Valued based on our accounting policy.
(4) Represents floating rate instruments that accrue interest at a predetermined spread relative to an index, typically the applicable London Interbank Offered Rate, or LIBOR or "L", or Prime Rate, or Prime or "P".
(5) Security is exempt from registration under Rule 144A promulgated under the Securities Act of 1933, as amended, or the Securities Act. The security may be resold in transactions that are exempt from registration, usually to qualified institutional buyers.
(6) Non-income producing securities.
(7) Coupon is subject to a LIBOR or Prime rate floor.
(8) Represents the purchase of a security with delayed settlement (unfunded investment). This security does not have a basis point spread above an index.
(9) Non-U.S. company or principal place of business outside the United States.
(10) Investment is held through PNNT Transportation 100 Holdco, LLC, a consolidated subsidiary.
(11) Investment is held through PNNT CI (GALLS) Prime Investment Holdings, LLC, a consolidated subsidiary.
(12) Investment is held through PNNT Acentia, LLC, a consolidated subsidiary.
Our Family of Funds
PennantPark Investment Corporation
PennantPark Floating Rate Capital Ltd.
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