PennantPark Partner Terence Clerkin on Liquid Secondary Markets

Описание: PennantPark Partner Terence Clerkin talks with Trinity Chavez about investment opportunities in liquid secondary markets. Terence explains how PennantPark identifies senior secured loans that trade at a significant discount to the company’s fundamental value during periods of market volatility. In most cases, PennantPark will already be familiar with the company through a prior investment or past diligence. Further, PennantPark seeks recession resilient businesses that maintain competitive advantages, strong balance sheets, supportive private equity sponsors, and a clear path for the loan to recover to par once markets stabilize.