# Pennantpark Investment Advisers, LLC

> Pennantpark Investment Advisers, LLC is an SEC-registered investment advisory firm in Miami Beach, FL, registered since 2007, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 143149
- Filed as: PENNANTPARK INVESTMENT ADVISERS, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Miami Beach, FL
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/143149
- AdvisorCensus page: https://advisorcensus.com/firm/pennantpark-investment-advisers-llc-miami-beach-fl-143149

## Quick answers

**How is Pennantpark Investment Advisers, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Pennantpark Investment Advisers, LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Pennantpark Investment Advisers, LLC located?**
Pennantpark Investment Advisers, LLC's principal office is in Miami Beach, FL, according to its Form ADV; the April 2026 filing also lists 5 other offices (Schedule D, Section 1.F).

**Is Pennantpark Investment Advisers, LLC registered with the SEC or a state?**
Pennantpark Investment Advisers, LLC is an SEC-registered investment advisory firm, registered since 2007. Status as filed: Approved. CRD 143149.

**How much does Pennantpark Investment Advisers, LLC manage?**
Pennantpark Investment Advisers, LLC reports $6,155,934,731 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary).

**How have Pennantpark Investment Advisers, LLC's assets and staff changed since 2021?**
In the Form ADV data for Pennantpark Investment Advisers, LLC: Regulatory assets under management: $3,554,422,389 in the October 2021 data and $6,155,934,731 in the October 2026 data, up 73%. Total employees: 44 in October 2021 and 91 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Pennantpark Investment Advisers, LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (12); business development companies (2); investment companies (1).

**Does Pennantpark Investment Advisers, LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/143149

**What changed in Pennantpark Investment Advisers, LLC's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 25 to 30. Regulatory assets under management went from $4,511,363,681 to $6,155,934,731 (+36%). Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Regulatory assets under management (Item 5.F)
- Total: $6,155,934,731
- Discretionary: $6,138,366,213
- Non-discretionary: $17,568,518

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Investment companies | 1 | Not reported |
| Business development companies | 2 | $4,009,600,675 |
| Pooled investment vehicles (other than investment companies and business development companies) | 12 | $2,146,334,056 |

### Advisory services (Item 5.G)
- Portfolio management for investment companies (and business development companies)
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2007 (19 years)
- Employees: 91 total, 30 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: FL
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Amsterdam
- Chicago, IL
- Houston, TX
- New York, NY
- Santa Monica, CA

### Websites listed on Form ADV (Item 1.I)
- pennantpark.com
- LinkedIn @pennantpark

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $3,554,422,389 | 44 | March 26, 2021 |
| October 2022 | $4,650,029,515 | 51 | April 28, 2022 |
| October 2023 | $4,511,363,681 | 61 | May 10, 2023 |
| October 2024 | $3,976,823,759 | 67 | March 27, 2024 |
| October 2025 | $4,511,363,681 | 79 | May 12, 2025 |
| October 2026 | $6,155,934,731 | 91 | March 31, 2026 |

Regulatory assets under management: $3,554,422,389 in the October 2021 data and $6,155,934,731 in the October 2026 data, up 73%.
Total employees: 44 in October 2021 and 91 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 25 to 30.
- Regulatory assets under management went from $4,511,363,681 to $6,155,934,731 (+36%).
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Pennantpark Investment Advisers, LLC (CRD 143149): Form ADV filing data as of October 2026.