The senior secured financing supports a US-based fund-of-funds at a 20% fully drawn LTV.
The deal marks PennantPark's 13th securitization and supports the fund's credit portfolio with long-term capital.
The strategy will target mid-market buyout and infrastructure funds, with Ardian and SMBC already jointly evaluating opportunities.
The management buyback closes out AMG's investment in the former Comvest business, with total proceeds of about $294 million.
The facility for a GP stakes fund provides incremental capital to support the borrower's acquisition strategy.
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.
