The facility will support the manager's ongoing GP commitments to a secondary transaction.
The oversubscribed vehicle holds 134,000 net royalty acres in the Permian Basin, generating approximately 37,000 barrels of oil equivalent per day.
The deal marks PennantPark's 13th securitization and supports the fund's credit portfolio with long-term capital.
The facility for a GP stakes fund provides incremental capital to support the borrower's acquisition strategy.
The senior secured financing supports a US-based fund-of-funds at a 20% fully drawn LTV.
The 2025 SecLink Awards winner enabled an institutional partner to reallocate a portfolio of 30+ fund interests and 500+ underlying assets.
The facility was collateralized by a portfolio of US sustainable infrastructure assets focused on decarbonization and grid reliability.
The facility to a private equity buyout fund provided capital for an add-on investment.
The facility was secured by a portfolio of over 50 investments across real estate, infrastructure, and credit assets.
The deal provided exposure to a venture GP's carried interest across several funds, LP interests, and direct stakes in more than 30 venture-backed companies.
