PennantPark Floating Rate Capital forms $200M joint venture with Hamilton Lane for middle market loans

PennantPark Floating Rate Capital Ltd.

PFLT commits up to $150M; Hamilton Lane commits up to $50M to PennantPark Senior Secured Loan Fund II LLC.
Joint venture will invest primarily in middle market loans.
Board of managers has equal representation from PFLT and HL; material decisions require one vote from each side.
LLC agreement dated August 8, 2025; investments via membership interests and secured notes.

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