The 2025 SecLink Awards winner enabled an institutional partner to reallocate a portfolio of 30+ fund interests and 500+ underlying assets.
The firm's flagship Cox Retail Secondaries Fund I is offering to purchase up to $2.5 million of Variant Alternative Income Fund shares at a 40% discount to October 26 NAV.
The partnership will provide the lower- and mid-market alternative investment firm with capital to support continued growth across its investment strategies and broader strategic priorities.
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 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.
