Kirkland Represents PennantPark Investment Advisers on Close of PennantPark Credit Secondary Fund

Kirkland advised private credit firm PennantPark Investment Advisers, on the closing of PennantPark Credit Secondary Fund (PCS), a $745 million continuation vehicle led by global private markets firm Pantheon. The continuation vehicle was formed to acquire a mature portfolio of private credit investments diversified across resilient, service-oriented industries. PCS also provides liquidity to the Limited Partners of legacy private funds while securing additional unfunded capital to support follow-on financings and potential new investment opportunities.

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The Kirkland team included investment funds lawyers Sean Hill, Susan Burkhardt, Jake Heyka, Tana Wilner de Keller, Jared Axelrod, Erald Sakiqi, Nabil Sabki, Bryon Boyce, Gilles Delporte, Francisco Cardona, Chibie Odimegwu, Hane Kim and Joi Walker; tax lawyers Meredith Levy and Matt Buono; and debt finance lawyers Aditi Iyer, Michael Brunetti and Michael Pfennig.