v3.26.1
Investments - Consolidated Statements of Assets and Liabilities for PSSL (Details) - USD ($)
$ in Thousands
Mar. 31, 2026
Sep. 30, 2025
Assets    
Fair Value $ 2,580,281 [1],[2],[3],[4],[5] $ 2,773,328 [6],[7],[8],[9],[10]
Cash and Cash Equivalent at Carrying Value 121,900  
Cash 90,444 [3],[4],[5] 81,959 [8],[9],[10]
Interest receivable 12,611 13,832
Receivable for investments sold 37 838
Prepaid expenses and other assets 2,085 2,143
Total assets 2,747,936 2,913,681
Liabilities    
Credit facility payable 328,333 683,837
Notes payable to members 900 0
Payable for investments purchased 0 14,852
Interest payable on notes to members 15,407 19,172
Distribution payable to members 10,170 10,170
Accrued expenses 1,581 2,166
Due to affiliate 37 838
Total liabilities 1,709,279 1,839,165
Commitments and contingencies
Members' equity 68,704 [11] 50,650
Total liabilities and net assets 2,747,936 2,913,681
PennantPark Senior Secured Loan Fund I LLC    
Assets    
Fair Value 1,209,044 1,084,649
Cash equivalents 18,001 47,870
Cash 15,997 13,690
Interest receivable 3,782 4,138
Receivable for investments sold 262 50
Due from affiliate 25 208
Prepaid expenses and other assets 1,881 2,296
Total assets 1,248,767 1,153,689
Liabilities    
Credit facility payable 158,500 74,500
Notes payable to members 271,600 271,600
Interest payable on credit facility and asset backed debt 9,361 16,868
Interest payable on notes to members 6,251 6,788
Accrued expenses 1,314 997
Due to affiliate 262 50
Total liabilities 1,180,063 1,103,039
Members' equity 68,704 50,650
Total liabilities and net assets 1,248,767 1,153,689
PennantPark Senior Secured Loan Fund I LLC | 2036 Asset-backed debt    
Liabilities    
Asset-Backed Debt, net 244,803 244,659
PennantPark Senior Secured Loan Fund I LLC | 2037 Asset-backed debt    
Liabilities    
Asset-Backed Debt, net 244,268 244,096
PennantPark Senior Secured Loan Fund I LLC | 2037 R Asset-backed debt    
Liabilities    
Asset-Backed Debt, net 243,704 $ 243,481
Pennant Park Senior Secured Loan Fund II L L C [Member]    
Assets    
Fair Value 339,929  
Cash equivalents 5,320  
Cash 9,169  
Interest receivable 904  
Prepaid expenses and other assets 2,169  
Due from affiliate 18  
Total assets 357,509  
Liabilities    
Credit facility payable 226,000  
Notes payable to members 87,500  
Interest payable on credit facility and asset backed debt 3,247  
Interest payable on notes to members 1,644  
Distribution payable to members 1,200  
Accrued expenses 746  
Total liabilities 320,337  
Members' equity [12] 37,172  
Total liabilities and net assets $ 357,509  
[1] All of our investments are not registered under the 1933 Act and have restrictions on resale.
[2] As of March 31, 2026, all investments were in U.S. companies and total cost, fair value, and percentage of Net Assets for the U.S companies were $2,646.4 million, $2,580.3 million, and 248.4%
[3] The provisions of the 1940 Act classify investments based on the level of control that we maintain in a particular portfolio company. As defined in the 1940 Act, a company is generally presumed to be “non-controlled” when we own 25% or less of the portfolio company’s voting securities and “controlled” when we own more than 25% of the portfolio company’s voting securities.
[4] The provisions of the 1940 Act classify investments further based on the level of ownership that we maintain in a particular portfolio company. As defined in the 1940 Act, a company is generally deemed as “non-affiliated” when we own less than 5% of a portfolio company’s voting securities and “affiliated” when we own 5% or more of a portfolio company’s voting securities.
[5] Valued based on our accounting policy (See Note 2).
[6] All of our investments are not registered under the 1933 Act and have restrictions on resale.
[7] As of September 30, 2025, all investments were in U.S companies and total cost, fair value, and percentage of Net Assets for the U.S. companies were $2,819.4 million, $2,773.3 million, and 258.1%
[8] The provisions of the 1940 Act classify investments based on the level of control that we maintain in a particular portfolio company. As defined in the 1940 Act, a company is generally presumed to be “non-controlled” when we own 25% or less of the portfolio company’s voting securities and “controlled” when we own more than 25% of the portfolio company’s voting securities.
[9] The provisions of the 1940 Act classify investments further based on the level of ownership that we maintain in a particular portfolio company. As defined in the 1940 Act, a company is generally deemed as “non-affiliated” when we own less than 5% of a portfolio company’s voting securities and “affiliated” when we own 5% or more of a portfolio company’s voting securities.
[10] Valued based on our accounting policy (See Note 2). The value of all securities was determined using significant unobservable inputs (See Note 5).
[11] Valued based on PSSL’s accounting policy.
[12] Valued based on PSSL II’s accounting policy.