PennantPark Investment Corporation specializes in direct and mezzanine investments in middle market companies across the United States. As a publicly listed business development company, they focus on providing flexible financing solutions through senior secured loans, mezzanine debt, and equity investments. Their typical investment targets are established businesses seeking growth capital or acquisition financing.

The firm's portfolio includes companies like Cartessa Aesthetics, which has raised $60 million. PennantPark's investment strategy emphasizes capital preservation while seeking attractive risk-adjusted returns. They leverage their experienced team's expertise to provide value-added support to portfolio companies, assisting with strategic planning, operational improvements, and potential add-on acquisitions.