10-Q
Q2False0001383414--09-30MD10000001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Watchtower Intermediate, LLC Maturity 12/01/2029 Electronics Current Coupon 11.31% Basis Point Spread Above Index 3M SOFR +6002023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Apex Service Partners, LLC Term Loan C Maturity 07/31/2025 Personal, Food and Miscellaneous Services Current Coupon 10.79% Basis Point Spread Above Index 3M SOFR+5252023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% BioDerm, Inc. (Revolver) Maturity 01/31/2028 Healthcare, Education and Childcare Current Coupon 11.81% Basis Point Spread Above Index 1M SOFR+6502022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Municipal Emergency Services, Inc. - Unfunded Term Loan B Maturity 12/16/2024 Distribution2022-10-012023-09-300001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name Amsive Holding Corporation (f/k/a Vision Purchaser Corporation) Maturity 6/10/2025 Industry Media Current Coupon 11.73% Basis Point Spread Above Index SOFR+6402024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, Athletico Holdings, LLC, Industry Healthcare, Education and Childcare2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Riverside Assessments, LLC Maturity 03/10/2025 Education Current Coupon 11.24% Basis Point Spread Above Index 3M SOFR+5752023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Common Equity/Partnership Interests/Warrants—24.7% QuantiTech InvestCo LP Aerospace and Defense2024-03-310001383414pnnt:InvestmentAdministratorMember2024-01-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Big Top Holdings, LLC - Unfunded Revolver Maturity 02/07/2030 Manufacturing Basic Industry Current Coupon 0.00%2023-10-012024-03-310001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Quantic Electronics, LLC Maturity 11/19/2026 Industry Aerospace and Defense Current Coupon 11.74% Basis Point Spread Above Index SOFR+6252022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, Graffiti Buyer, Inc. - Revolver, Maturity/Expiration 08/10/2027, Industry Distribution, Current Coupon 10.93%, Basis Point Spread Above Index 3M SOFR+5602024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% of Net Assets, Pacific Purchaser, LLC - Revolver Maturity 09/30/2028 Business Services2023-10-012024-03-310001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Amsive Holding Corporation (f/k/a Vision Purchaser Corporation) Maturity 6/10/2025 Industry Media Current Coupon 11.79% Basis Point Spread Above Index SOFR+6752023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Infinity Home Services Holdco, Inc. Maturity 12/28/2028 Personal, Food and Miscellaneous Services Current Coupon 12.24% Basis Point Spread Above Index 3M SOFR+6852022-10-012023-09-300001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name NBH Group LLC Maturity 8/19/2026 Industry Healthcare, Education and Childcare Current Coupon 10.93% Basis Point Spread Above Index SOFR+5252023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Connatix Buyer, Inc. (Revolver) Maturity 07/13/2027 Media2023-09-300001383414Related Party PSLF First Lien Secured Debt - 770.3% Related Party PSLF Issuer Name NBH Group LLC Maturity 8/19/2026 Industry Healthcare, Education and Childcare Current Coupon 11.17% Basis Point Spread Above Index SOFR+5752023-10-012024-03-310001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name The Aegis Technologies Group, LLC Maturity 10/31/2025 Industry Aerospace and Defense Current Coupon 12.04% Basis Point Spread Above Index SOFR+6502023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% Tower Arch Infolinks Media, LP Media One2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% ACP Avenu Buyer, LLC - Revolver Maturity 10/02/2029 Business Services2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, Graffiti Buyer, Inc., Maturity/Expiration 08/10/2027, Industry Distribution, Current Coupon 10.90%, Basis Point Spread Above Index 3M SOFR+5602023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, Carnegie Holdco, LLC - Common Equity, Education2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Questex, LLC Maturity 09/09/2024 Media Current Coupon 9.81% Basis Point Spread Above Index 3M SOFR+4252023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% DRS Holdings III, Inc. (Revolver) Maturity 11/03/2025 Consumer Products 2024-03-310001383414pnnt:InvestmentsFairValueMemberpnnt:FirstLienMember2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% FedHC InvestCo LP Aerospace and Defense2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% TPC Holding Company, LP Food2023-09-300001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name Applied Technical Services, LLC Maturity 12/29/2026 Industry Environmental Services Current Coupon 11.22% Basis Point Spread Above Index SOFR+6152023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Arcfield Acquisition Corp. (Revolver) Maturity 08/04/2028 Aerospace and Defense2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Dr. Squatch, LLC Maturity 08/31/2027 Personal and Non-Durable Consumer Products Current Coupon 11.17 Basis Point Spread Above Index 3M SOFR+5852024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% DRS Holdings III, Inc. Maturity 11/03/2025 Consumer Products Current Coupon 11.79% Basis Point Spread Above Index 3M SOFR+6402022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Cartessa Aesthetics, LLC Maturity 06/14/2028 Distribution Current Coupon 11.06% Basis Point Spread Above Index 3M SOFR+5752023-10-012024-03-310001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Meadowlark Acquirer, LLC Maturity 12/10/2027 Industry Business Services Current Coupon 10.58% Basis Point Spread Above Index SOFR+5502023-09-300001383414pnnt:InsuranceMember2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, IHS Parent Holdngs, L.P., Industry Personal, Food and Miscellaneous Services2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% Ironclad Holdco, LLC (Applied Technical Services, LLC) Environmental Services2022-10-012023-09-300001383414Investments in Controlled, Affiliated Portfolio Companies—43.0% Subordinated Debt—20.4% of Net Assets2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Berwick Industrial Park Maturity 05/02/2024 Buildings and Real Estate Current Coupon 11.50%2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, Gauge Lash Coinvest LLC, Industry Consumer Products2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Second Lien Secured Debt—12.7% Best Practice Associates LLC Maturity 06/29/2027 Aerospace and Defense Current Coupon 14.46% Basis Point Spread Above Index 3M SOFR+9152023-10-012024-03-310001383414pnnt:EnvironmentalServicesMember2024-03-310001383414pnnt:TwoThousandAndTwentySixNotesTwoMember2021-10-310001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name PlayPower, Inc. Maturity 5/8/2026 Industry Consumer Products Current Coupon 10.92% Basis Point Spread Above Index SOFR+5652023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Five Star Buyer, Inc. - Unfunded Term Loan Maturity 02/23/2028 Leisure, Amusement, Motion Pictures, Entertainment2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Apex Service Partners, LLC (Revolver) Maturity 07/31/2025 Personal, Food and Miscellaneous Services Current Coupon 10.79% Basis Point Spread Above Index 3M SOFR+5252023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, Athletico Holdings, LLC, Industry Healthcare, Education and Childcare2023-10-012024-03-310001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name PL Acquisitionco, LLC Maturity 11/9/2027 Industry Retail Current Coupon 12.42% Basis Point Spread Above Index SOFR+7002023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, OSP Embedded Aggregator, LP, Industry Aerospace and Defense2023-10-012024-03-310001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Hancock Roofing and Construction L.L.C. Maturity 12/31/2026 Industry Insurance Current Coupon 10.93% Basis Point Spread Above Index SOFR+5502022-10-012023-09-300001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name SpendMend Holdings. LLC Maturity 3/1/2028 Industry Business Services Current Coupon 11.04% Basis Point Spread Above Index SOFR+5752023-09-300001383414us-gaap:FairValueInputsLevel3Memberpnnt:ValuationTechniqueMarketComparableMemberpnnt:MeasurementInputMarketYieldMemberpnnt:SecondLienMember2024-03-310001383414pnnt:OtherMember2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Preferred Equity/Partnership Interests—2.6% Signature CR Intermediate Holdco, Inc. Chemicals, Plastics and Rubber Current Coupon 12.00%2022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Preferred Equity/Partnership Interests—2.6% of Net Assets2024-03-310001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Neptune Flood Incorporated Maturity 05/09/2029 Industry Financial Services, Current Coupon 11.97% Basis Point Spread Above Index SOFR+6602022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Pequod Merger Sub, Inc. (Revolver) Maturity 12/02/2026 Financial Services2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Preferred Equity/Partnership Interests—2.6% Anteriad Holdings, LP (f/k/a MeritDirect Holdings, LP) Media2022-10-012023-09-300001383414Related Party PSLF Issuer Name Watchtower Buyer, LLC Maturity 12/1/2029 Industry Consumer Products Current Coupon 11.31% Basis Point Spread Above Index SOFR+6002024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Preferred Equity/Partnership Interests—2.6% Gauge Schlesinger Coinvest, LLC - Class A-2 Preferred Equity Business Services2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Carisk Buyer, Inc. - Revolver Maturity 12/01/2029 Healthcare, Education and Childcare2024-03-310001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name Aeronix, Inc. - Term Loan Maturity 12/18/2028 Industry Aerospace and Defense Current Coupon 10.81% Basis Point Spread Above Index SOFR+5502023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Radius Aerospace, Inc. (Revolver) Maturity 03/31/2025 Aerospace and Defense2023-09-300001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name BlueHalo Financing Holdings, LLC Maturity 10/31/2025 Industry Aerospace and Defense Current Coupon 10.42% Basis Point Spread Above Index SOFR+4752024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, Megawatt Acquisitionco, Inc., Maturity 03/01/2030, Industry Electronics, Current Coupon 10.58%, Basis Point Spread Above Index 3M SOFR+5252024-03-310001383414pnnt:BusinessServicesMember2024-03-310001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name Aeronix, Inc. - Term Loan Maturity 12/18/2028 Industry Aerospace and Defense Current Coupon 10.81% Basis Point Spread Above Index SOFR+5502024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Common Equity/Partnership Interests/Warrants—24.7% QuantiTech InvestCo LP Aerospace and Defense 12024-03-310001383414Investments in Non-Controlled, Affiliated Portfolio Companies—7.4% Preferred Equity/Partnership Interests—5.4% of Net Assets2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, Integrity Marketing Acquisition, LLC, Maturity 08/27/2026, Industry Insurance, Current Coupon 11.49%, Basis Point Spread Above Index 3M SOFR+6152023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% TAC LifePort Holdings, LLC Aerospace and Defense2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% of Net Assets2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, Icon Partners V C, L.P., Industry Business Services2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, HV Watterson Holdings, LLC, Maturity 12/17/2026, Industry Business Services, Current Coupon 11.46%, Basis Point Spread Above Index 1M SOFR+615 2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Sales Benchmark Index LLC (Revolver) Maturity 01/03/2025 Business Services2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, FedHC InvestCo II LP, Industry Aerospace and Defense2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Recteq, LLC - Revolver Maturity 01/29/2026 Consumer Products2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% AG Investco LP Business Services One2022-10-012023-09-300001383414pnnt:InvestmentsFairValueMemberus-gaap:EquityMember2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Dr. Squatch, LLC Maturity 08/31/2027 Personal and Non-Durable Consumer Products Current Coupon 11.17 Basis Point Spread Above Index 3M SOFR+5852023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% Lightspeed Investment Holdco LLC Healthcare, Education and Childcare2022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% WCP Ivyrehab QP CF Feeder, LP - Unfunded Healthcare, Education and Childcare2022-10-012023-09-300001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name The Bluebird Group LLC Maturity 7/27/2026 Industry Business Services Current Coupon 12.79% Basis Point Spread Above Index SOFR+7252023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, Cowboy Parent LLC (Blackhawk Industrial Distribution, Inc.), Industry Distribution2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Rural Sourcing Holdings, Inc. Maturity 06/15/2029 Business Services Current Coupon 11.56% Basis Point Spread Above Index 3M SOFR+6252023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—145.6% First Lien Secured Debt—93.2% Inventus Power, Inc. Maturity 06/30/2025 Electronics Current Coupon 12.93% Basis Point Spread Above Index 1M SOFR+7612023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Dr. Squatch, LLC Maturity 08/27/2026 Personal and Non-Durable Consumer Products2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Simplicity Financial Marketing Group Holdings Inc. - Unfunded Revolver Maturity 12/02/2026 Financial Services2023-10-012024-03-310001383414pnnt:TwoThousandAndTwentySixNotesMember2021-04-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Schlesinger Global, Inc. Maturity 07/14/2025 Business Services Current Coupon 13.15% Basis Point Spread Above Index 3M SOFR+7752022-10-012023-09-300001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name MAG DS Corp. Maturity 4/1/2027 Industry Aerospace and Defense Current Coupon 10.95% Basis Point Spread Above Index SOFR+5502023-10-012024-03-310001383414pnnt:InvestmentsCostMember2023-09-300001383414pnnt:TruistCreditFacilityMember2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% A1 Garage Merger Sub, LLC Maturity 12/22/2028 Personal, Food and Miscellaneous Services Current Coupon 11.68% Basis Point Spread Above Index 3M SOFR+6602023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% MBS Holdings, Inc. (Revolver) Maturity 04/16/2027 Telecommunications Current Coupon 11.17% Basis Point Spread Above Index 1M SOFR+5852023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Cartessa Aesthetics, LLC - (Revolver) Maturity 06/14/2028 Distribution2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% Gauge Loving Tan, LP - Common Equity Consumer Products2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Seaway Buyer, LLC (Revolver) Maturity 06/13/2029 Chemicals, Plastics and Rubber2023-09-300001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Holdco Sands Intermediate, LLC Maturity 11/23/2028 Industry Aerospace and Defense Current Coupon 11.32% Basis Point Spread Above Index SOFR+6002022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Any Hour Services - Revolver Maturity 07/21/2027 Personal, Food and Miscellaneous Services2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% ITC Rumba, LLC (Cano Health, LLC) Healthcare, Education and Childcare2023-09-300001383414us-gaap:InvestmentAffiliatedIssuerNoncontrolledMember2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% Delta InvestCo LP (Sigma Defense Systems, LLC) Telecommunications One2022-10-012023-09-300001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Owl Acquisition, LLC Maturity 2/4/2028 Industry Education Current Coupon 10.80% Basis Point Spread Above Index SOFR+5752023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Dr. Squatch, LLC Maturity 08/31/2027 Personal and Non-Durable Consumer Products Current Coupon 11.23% Basis Point Spread Above Index 3M SOFR+5852023-09-300001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name Riverpoint Medical, LLC Maturity 6/21/2025 Industry Healthcare Education and Childcare Current Coupon 10.96% Basis Point Spread Above Index SOFR+5502023-10-012024-03-310001383414Investments in Non-Controlled, Affiliated Portfolio Companies—10.9% Preferred Equity/Partnership Interests—6.4% Cascade Environmental Holdings, LLC - Series B Environmental Services2023-09-300001383414Investments in Non-Controlled, Affiliated Portfolio Companies—7.4% Preferred Equity/Partnership Interests—5.4%2024-03-310001383414pnnt:PennantParkTSOSeniorLoanFundIILPMember2022-01-012022-01-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Sargent & Greenleaf Inc. (Revolver) Maturity 12/20/2024 Electronics Current Coupon 12.93%, (PIK 1.0%) Basis Point Spread Above Index 3M SOFR+6602024-03-310001383414pnnt:EducationMember2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Apex Service Partners, LLC Term Loan C Maturity 07/31/2025 Personal, Food and Miscellaneous Services Current Coupon 10.79% Basis Point Spread Above Index 3M SOFR+5252022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—145.6% First Lien Secured Debt—93.2% Blackhawk Industrial Distribution, Inc. Maturity 09/17/2026 Distribution Current Coupon 11.79% Basis Point Spread Above Index 3M SOFR+640 One2023-09-300001383414Investments in Non-Controlled, Affiliated Portfolio Companies—10.9% Common Equity/Partnership Interests/Warrants—2.4% JF Intermediate, LLC Distribution2022-10-012023-09-300001383414us-gaap:FairValueInputsLevel3Memberpnnt:ValuationTechniqueMarketComparableMemberpnnt:MeasurementInputMarketYieldMemberpnnt:FirstLienMembersrt:WeightedAverageMember2023-09-300001383414pnnt:NonControlledNonAffiliatedInvestmentsMember2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Five Star Buyer, Inc. - Unfunded Revolver Maturity 02/23/2028 Leisure, Amusement, Motion Pictures, Entertainment2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Quantic Electronics, LLC Maturity 11/19/2026 Aerospace and Defense Current Coupon 11.66% Basis Point Spread Above Index 3M SOFR+6352024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, Kinetic Purchaser, LLC - Revolver, Maturity 11/10/2026, Industry Consumer Products2024-03-310001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name Riverpoint Medical, LLC Maturity 6/21/2025 Industry Healthcare Education and Childcare Current Coupon 10.96% Basis Point Spread Above Index SOFR+5502024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Beta Plus Technologies, Inc. Maturity 07/01/2029 Business Services Current Coupon 11.10% Basis Point Spread Above Index 3M SOFR+5752024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Cartessa Aesthetics, LLC Maturity 06/14/2028 Distribution Current Coupon 11.06% Basis Point Spread Above Index 3M SOFR+5752024-03-310001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Global Holdings InterCo LLC Maturity 3/16/2026 Industry Banking, Finance, Insurance & Real Estate Current Coupon 11.96% Basis Point Spread Above Index SOFR+6502022-10-012023-09-300001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name Municipal Emergency Services, Inc. Maturity 10/01/2027 Industry Distribution Current Coupon 10.46% Basis Point Spread Above Index SOFR+5152023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, Infinity Home Services Holdco, Inc.-Funded Revolver Maturity 12/28/2028, Industry Personal, Food and Miscellaneous Services, Current Coupon 14.25%, Basis Point Spread Above Index 3M SOFR+5752023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% HPA SPQ Aggregator LP- Common Equity Business Services2022-10-012023-09-300001383414Investments in Non-Controlled, Affiliated Portfolio Companies—10.9% Common Equity/Partnership Interests/Warrants—2.4% JF Intermediate, LLC Distribution2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Rancho Health MSO, Inc. Maturity 12/18/2025 Healthcare, Education and Childcare Current Coupon 10.92% Basis Point Spread Above Index 3M SOFR+5852023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Simplicity Financial Marketing Group Holdings Inc. - Unfunded Term Loan Maturity 12/02/2026 Financial Services2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Sargent & Greenleaf Inc. (Revolver) Maturity 12/20/2024 Electronics2023-09-300001383414us-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:FairValueInputsLevel3Memberpnnt:ValuationTechniqueEnterpriseMarketValueMembersrt:MinimumMemberus-gaap:EquityMethodInvestmentsMember2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% Cowboy Parent LLC (Blackhawk Industrial Distribution, Inc.) Distribution2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% of Net Assets, ORL Acquisition, Inc. - Revolver Maturity 09/03/2027 Business Services2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Sigma Defense Systems, LLC (Revolver) Maturity 12/18/2025 Telecommunications2022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Riverpoint Medical, LLC - Revolver Maturity 06/20/2025 Healthcare , Education and Childcare2024-03-310001383414Investments in Non-Controlled, Affiliated Portfolio Companies—7.4% First Lien Secured Debt—2.0% Walker Edison Furniture Company LLC Maturity 03/01/2029 Home and Office Furnishings Current Coupon 0.00%2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Meadowlark Acquirer, LLC Maturity 12/10/2027 Business Services Current Coupon 10.66% Basis Point Spread Above Index 3M SOFR+5502022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Compex Legal Services, Inc. Maturity 02/09/2026 Business Services Current Coupon 10.92% Basis Point Spread Above Index 3M SOFR+5552024-03-310001383414us-gaap:FairValueInputsLevel3Memberpnnt:ValuationTechniqueMarketComparableMemberpnnt:MeasurementInputMarketYieldMemberpnnt:FirstLienMember2023-09-300001383414Investments in Non-Controlled, Affiliated Portfolio Companies—10.9% Preferred Equity/Partnership Interests—6.4% Cascade Environmental Holdings, LLC Environmental Services2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Common Equity/Partnership Interests/Warrants—24.7% AG Investco LP Business Services2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Exigo Intermediate II, LLC (Revolver) Maturity 03/15/2027 Business Services2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% MDI Buyer, Inc. (Revolver) Maturity 07/25/2028 Chemicals, Plastics and Rubber2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Ox Two, LLC Maturity 05/18/2026 Building Materials Current Coupon 12.90% Basis Point Spread Above Index 1M SOFR+7252022-10-012023-09-300001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name Ad.net Acquisition, LLC Maturity 5/7/2026 Industry Media Current Coupon 11.57% Basis Point Spread Above Index SOFR+6002024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, GCOM InvestCo LP, Industry Business Services2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% The Vertex Companies, LLC Maturity 08/30/2027 Business Services Current Coupon 11.68% Basis Point Spread Above Index 1M SOFR +6352024-03-310001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Any Hour Services Maturity 7/21/2027 Industry Personal, Food and Miscellaneous Services Current Coupon 11.22% Basis Point Spread Above Index SOFR+5752022-10-012023-09-300001383414pnnt:TwoThousandAndTwentySixNotesMember2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% LJ Avalon Holdings, LLC - Revolver Maturity 01/31/2030 Environmental Services2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Blackhawk Industrial Distribution, Inc. - Revolver Maturity 09/17/2026 Distribution Current Coupon 13.75% Basis Point Spread Above Index 3M SOFR+5252023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Ledge Lounger, Inc. Maturity 11/09/2026 Consumer Products Current Coupon 11.79% Basis Point Spread Above Index 3M SOFR+6252023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Common Equity/Partnership Interests/Warrants—24.7% QuantiTech InvestCo LP Aerospace and Defense2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, HV Watterson Holdings, LLC - Revolver One, Maturity 12/17/2026, Industry Business Services2024-03-310001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name Carisk Buyer, Inc Maturity 11/30/2029 Industry Healthcare, Education and Childcare Current Coupon 11.08% Basis Point Spread Above Index SOFR+5752023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, EDS Topco, LP, Industry Aerospace and Defense2023-10-012024-03-3100013834142023-12-310001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name Omnia Exterior Solutions, LLC Maturity 12/29/2029 Industry Diversified Conglomerate Service Current Coupon 10.80% Basis Point Spread Above Index SOFR+5502024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Second Lien Secured Debt—16.0% QuantiTech LLC Maturity 02/04/2027 Aerospace and Defense Current Coupon 11.74% Basis Point Spread Above Index 3M SOFR+6352022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Common Equity/Partnership Interests/Warrants—24.7% UniVista Insurance Business Services2024-03-310001383414us-gaap:InvestmentAffiliatedIssuerControlledMemberpnnt:AKWHoldingsLimitedMember2023-09-300001383414us-gaap:InvestmentAffiliatedIssuerControlledMemberpnnt:MailsouthIncMember2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Sargent & Greenleaf Inc. - Revolver Maturity 12/20/2024 Electronics2024-03-310001383414pnnt:PennantParkTSOSeniorLoanFundIILPMember2022-10-012023-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Common Equity/Partnership Interests/Warrants—24.7% Pragmatic Institute, LLC Business Services2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Sigma Defense Systems, LLC – Revolver Maturity 12/18/2027 Telecommunications2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, Meadowlark Acquirer, LLC - Unfunded Revolver, Maturity 12/10/2027, Industry Business Services2024-03-310001383414us-gaap:FairValueInputsLevel3Memberpnnt:TruistCreditFacilityMember2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% TWS Acquisition Corporation (Revolver) Maturity 06/16/2025 Education2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Sargent & Greenleaf Inc. (Revolver) Maturity 12/20/2024 Electronics Current Coupon 12.92% Basis Point Spread Above Index 1M SOFR+6502022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% NORA Parent Holdings, LLC Healthcare, Education and Childcare2023-09-300001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Radius Aerospace, Inc. Maturity 3/31/2025 Industry Aerospace and Defense Current Coupon 11.29% Basis Point Spread Above Index SOFR+5752022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, Lightspeed Investment Holdco LLC, Industry Healthcare, Education and Childcare2024-03-310001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name IG Investments Holdings, LLC Maturity 9/22/2028 Industry Business Services Current Coupon 11.45% Basis Point Spread Above Index SOFR+6002023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0%2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Spendmend Holdings LLC - Funded Revolver Maturity 03/01/2028 Business Services Current Coupon 11.20% Basis Point Spread Above Index 1M SOFR+5652022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Research Now Group, Inc. and Dynata, LLC Maturity 12/20/2024 Business Services Current Coupon 11.13% Basis Point Spread Above Index 3M SOFR+5762022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, Medina Health, LLC, Maturity 10/20/2028, Industry Healthcare, Education and Childcare, Current Coupon 11.56%, Basis Point Spread Above Index 3M SOFR+6252024-03-310001383414pnnt:TruistCreditFacilityMember2022-10-012023-03-310001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Fairbanks Morse Defense Maturity 6/17/2028 Industry Aerospace and Defense Current Coupon 10.40% Basis Point Spread Above Index SOFR+4752023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, Lorient Peregrine Investments, LP, Industry Business Services2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, Lariat ecoserv Co-Invest Holdings, LLC, Industry Environmental Services2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% Anteriad Holdings, LP (f/k/a MeritDirect Holdings, LP) Media2022-10-012023-09-300001383414Investments in Controlled, Affiliated Portfolio Companies—43.0% Second Lien Secured Debt—0% Mailsouth Inc Maturity 04/23/2025 Printing and Publishing2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% TCG 3.0 Jogger Acquisitionco, Inc. Unfunded Revolver Maturity 1/26/2029 Media 2023-10-012024-03-3100013834142022-12-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Meadowlark Acquirer, LLC Term Loan II Maturity 12/10/2027 Business Services2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, Crane 1 Acquisition Parent Holdings, L.P., Industry Personal, Food and Miscellaneous Services2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, HV Watterson Holdings, LLC - Revolver, Maturit 12/17/2026, Industry Business Services, Current Coupon 11.46%, Basis Point Spread Above Index 3M SOFR+6152024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, Mars Acquisition Holdings Corp. - Revolver, Maturity 05/14/2026, Industry Media2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Preferred Equity/Partnership Interests—2.6% AH Newco Equity holdings, LLC Healthcare, Education and Childcare Current Coupon 6.00%2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Seaway Buyer, LLC Maturity 06/13/2029 Chemicals, Plastics and Rubber Current Coupon 11.54% Basis Point Spread Above Index 3M SOFR+6052022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% EDS Buyer, LLC Maturity 12/22/2028 Aerospace and Defense Current Coupon 11.64% Basis Point Spread Above Index 3M SOFR+6252022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, Burgess Point Holdings, LP, Industry Auto Sector2023-10-012024-03-310001383414us-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:FairValueInputsLevel3Memberpnnt:ValuationTechniqueEnterpriseMarketValueMemberpnnt:FirstLienMember2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Ox Two, LLC (Revolver) Maturity 05/18/2026 Building Materials2022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% Seaway Topco, LP Chemicals, Plastics and Rubber2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% Ironclad Holdco, LLC (Applied Technical Services, LLC) Environmental Services2023-09-300001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Anteriad, LLC (f/k/a MeritDirect, LLC) Maturity 5/23/2024 Industry Media Current Coupon 12.04% Basis Point Spread Above Index SOFR+6502022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Cartessa Aesthetics, LLC - (Revolver) Maturity 06/14/2028 Distribution2024-03-310001383414us-gaap:FairValueInputsLevel3Memberpnnt:SubordinatedDebtOrCorporateNotesMemberpnnt:ValuationTechniqueMarketComparableMembersrt:MinimumMemberpnnt:MeasurementInputMarketYieldMember2023-09-300001383414Investments in Non-Controlled, Affiliated Portfolio Companies—7.4% Common Equity/Partnership Interests/Warrants—0.0% Walker Edison Furniture Home and Office Furnishings2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, Imagine Acquisitionco, LLC, Maturity 11/15/2027, Industry Business Services2023-10-012024-03-310001383414Related Party PSLF First Lien Secured Debt - 770.3 %2024-03-310001383414pnnt:FinancialServicesMember2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Apex Service Partners, LLC (Revolver) Maturity 07/31/2025 Personal, Food and Miscellaneous Services2022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Subordinated Debt/Corporate Notes—9.8% Express Wash Acquisition Company, LLC Maturity 01/15/2029 Auto Sector Current Coupon 15.07% Basis Point Spread Above Index 3M SOFR+9762024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Common Equity/Partnership Interests/Warrants—24.7% TAC LifePort Holdings, LLC Aerospace and Defense2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, OSP Embedded Aggregator, LP, Industry Aerospace and Defense2024-03-310001383414pnnt:BusinessServicesMember2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Second Lien Secured Debt—16.0% of Net Assets2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Municipal Emergency Services, Inc. Maturity 09/28/2027 Distribution Current Coupon 11.05% Basis Point Spread Above Index 3M SOFR+5652023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% PL Acquisitionco, LLC (Revolver) Maturity 11/09/2027 Retail2023-09-300001383414 Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% Atlas Investment Aggregator, LLC Telecommunications2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% PMS MIDCO INC - Unfunded Term Loan Maturity 03/01/2026 Financial Services2023-10-012024-03-310001383414pnnt:TwoThousandAndTwentySixNotesTwoMember2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% CF512, Inc. Maturity 08/20/2026 Media Current Coupon 11.52% Basis Point Spread Above Index 3M SOFR+6192024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, PCS Parent, LP, Industry Financial Services2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Carisk Buyer, Inc. - Unfunded Term Loan Maturity 12/01/2029 Healthcare, Education and Childcare2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Preferred Equity/Partnership Interests—2.6% Magnolia Topco LP - Class B Preferred Equity Auto Sector2022-10-012023-09-300001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Magenta Buyer, LLC Maturity 7/31/2028 Industry Software Current Coupon 10.63% Basis Point Spread Above Index SOFR+5002022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Preferred Equity/Partnership Interests—2.6% PL Acquisition co, LLC - Preferred Equity Business Services Retail2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies -174.8% of Net Assets2024-03-310001383414pnnt:TruistCreditFacilityMember2023-10-012024-03-310001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name IG Investments Holdings, LLC Maturity 9/22/2028 Industry Business Services Current Coupon 11.45% Basis Point Spread Above Index SOFR+6002022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Seaway Buyer, LLC - Revolver Maturity 06/13/2029 Chemicals, Plastics and Rubber Current Coupon 11.49% Basis Point Spread Above Index 3M SOFR+6152024-03-310001383414pnnt:PennantParkSeniorLoanFundLLCMember2022-10-012023-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Aeronix, Inc. - Revolver Maturity 12/12/2028 Aerospace and Defense2023-10-012024-03-310001383414Related Party PSLF Issuer Name Transgo, LLC Maturity 2/29/2028 Industry Auto Sector Current Coupon 11.33% Basis Point Spread Above Index SOFR+6002023-10-012024-03-310001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Owl Acquisition, LLC Maturity 2/4/2028 Industry Education Current Coupon 10.80% Basis Point Spread Above Index SOFR+5752022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% A1 Garage Merger Sub, LLC Maturity 12/22/2028 Personal, Food and Miscellaneous Services Current Coupon 11.68% Basis Point Spread Above Index 3M SOFR+6602024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, LAV Gear Holdings, Inc., Maturity 10/31/2025, Industry Leisure, Amusement, Motion Pictures, Entertainment, Current Coupon 11.75%, Basis Point Spread Above Index 1M SOFR+6402023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Common Equity/Partnership Interests/Warrants—24.7% Aftermarket Drivetrain Products Holdings, LLC Machinery2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% TWS Acquisition Corporation (Revolver) Maturity 06/16/2025 Education2022-10-012023-09-300001383414Related Party PSLF Members Equity - 100%2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Mars Acquisition Holdings Corp. Maturity 05/14/2026 Media Current Coupon 11.04% Basis Point Spread Above Index 3M SOFR+5652022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% The TransGo, LLC Revolver Maturity 12/29/2028 Machinery 2023-10-012024-03-310001383414Related Party PSLF Issuer Name Wildcat Buyerco, Inc. Maturity 2/27/2027 Industry Electronics Current Coupon 11.06% Basis Point Spread Above Index SOFR+5752023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% System Planning and Analysis, Inc. Maturity 08/16/2027 Aerospace and Defense Current Coupon 11.23% Basis Point Spread Above Index 3M SOFR+5902023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Simplicity Financial Marketing Group Holdings Inc. Maturity 12/02/2026 Financial Services Current Coupon 11.63% Basis Point Spread Above Index 3M SOFR+6402024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, MOREGroup Holdings, Inc. Maturity 01/16/2030, Industry Business Services, Current Coupon 11.08%, Basis Point Spread Above Index 3M SOFR+5902023-10-012024-03-310001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name IG Investments Holdings, LLC Maturity 9/22/2028 Industry Business Services Current Coupon 11.43% Basis Point Spread Above Index SOFR+6002023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, Medina Health, LLC - Revolver One, Maturity 10/20/2028, Industry Healthcare, Education and Childcare2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Big Top Holdings, LLC Maturity 02/07/2030 Manufacturing Basic Industry Current Coupon 11.56% Basis Point Spread Above Index 3M SOFR+6252023-10-012024-03-3100013834142022-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% QuantiTech InvestCo LP Aerospace and Defense2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% ORL Acquisition, Inc. Maturity 09/03/2027 Business Services Current Coupon 12.84% Basis Point Spread Above Index 3M SOFR+7252022-10-012023-09-300001383414Investments in Controlled, Affiliated Portfolio Companies—64.7% Common Equity—21.3% AKW Holdings Limited Healthcare, Education and Childcare2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Common Equity/Partnership Interests/Warrants—24.7% UniVista Insurance Business Services2023-10-012024-03-310001383414Investments in Non-Controlled, Affiliated Portfolio Companies—10.9% First Lien Secured Debt—2.1%2023-09-300001383414Cash and Cash Equivalents—7.1% of Net Assets2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% HPA SPQ Aggregator LP- Common Equity Business Services2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% Gauge Loving Tan, LP - Common Equity Consumer Products2022-10-012023-09-300001383414Investments in Non-Controlled, Affiliated Portfolio Companies—7.4% Common Equity/Partnership Interests/Warrants—0.0% of Net Assets2024-03-310001383414Related Party PSLF Issuer Name Team Services Group, LLC Maturity 11/24/2028 Healthcare, Education and Childcare Current Coupon 10.49% Basis Point Spread Above Index SOFR+5152023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, Five Star Parent Holdings, LLC, Industry Leisure, Amusement, Motion Pictures, Entertainment2023-10-012024-03-310001383414us-gaap:EquityFundsMemberus-gaap:FairValueInputsLevel3Member2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% LJ Avalon Holdings, LLC Maturity 07/31/2024 Environmental Services Current Coupon 11.79% Basis Point Spread Above Index 3M SOFR+6402023-09-300001383414us-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberpnnt:TruistCreditFacilityMember2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, Megawatt Acquisition Partners, LLC, Industry Electronics2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Zips Car Wash, LLC Maturity 12/31/2024 Auto Sector Current Coupon 12.68% Basis Point Spread Above Index 3M SOFR +7352023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Signature Systems Holding Company (Revolver) Maturity 05/03/2024 Chemicals, Plastics and Rubber2023-09-300001383414Liabilities in Excess of Other Assets—(154.0%) of Net Assets2024-03-310001383414Related Party PSLF Issuer Name Simplicity Financial Marketing Group Holdings, Inc Maturity 12/2/2026 Industry Banking, Finance, Insurance & Real Estate Current Coupon 11.70% Basis Point Spread Above Index SOFR+6402024-03-3100013834142019-02-052019-02-050001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Zips Car Wash, LLC Maturity 12/31/2024 Auto Sector Current Coupon 12.68% (PIK 1.5%) Basis Point Spread Above Index 3M SOFR +7352024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% OHCP V BC COI, L.P. Distribution2022-10-012023-09-300001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Reception Purchaser, LLC Maturity 4/28/2028 Industry Transportation Current Coupon 11.54% Basis Point Spread Above Index SOFR+6002022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Common Equity/Partnership Interests/Warrants—24.7% Urology Partners Co., L.P. Healthcare, Education and Childcare2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Preferred Equity/Partnership Interests—2.6% Gauge Schlesinger Coinvest, LLC - Class A-2 Preferred Equity Business Services2022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Watchtower Intermediate, LLC. - Revolver Maturity 12/01/2029 Electronics2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% of Net Assets, Neptune Flood Incorporated - Revolver Maturity 05/09/2029 Insurance2024-03-310001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name HV Watterson Holdings, LLC Maturity 12/17/2026 Industry Business Services Current Coupon 11.79% Basis Point Spread Above Index SOFR+6002023-09-300001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name LAV Gear Holdings, Inc. Maturity 10/31/2024 Industry Leisure, Amusement, Motion Pictures, Entertainment Current Coupon 11.46% Basis Point Spread Above Index SOFR+5652022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% ETE Intermediate II, LLC (Revolver) Maturity 05/25/2029 Personal, Food and Miscellaneous Services 2023-10-012024-03-310001383414us-gaap:FairValueInputsLevel3Memberpnnt:LongTermCreditFacilityMember2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Ox Two, LLC (Revolver) Maturity 05/18/2026 Building Materials2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Sargent & Greenleaf Inc. (Revolver) Maturity 12/20/2024 Electronics2022-10-012023-09-300001383414Investments in Controlled, Affiliated Portfolio Companies—64.7% Common Equity—21.3% JF Intermediate, LLC Distribution2024-03-310001383414pnnt:PennantParkTSOSeniorLoanFundIILPMember2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Sigma Defense Systems, LLC – Revolver Maturity 12/18/2027 Telecommunications Current Coupon 12.46% Basis Point Spread Above Index 1M SOFR+7152024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, BioDerm, Inc., Industry Healthcare, Education and Childcare2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Imagine Acquisitionco, LLC (Revolver) Maturity 11/15/2027 Business Services2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Rancho Health MSO, Inc. - Unfunded Term Loan Maturity 12/18/2025 Healthcare, Education and Childcare2024-03-310001383414pnnt:PersonalAndNonDurableConsumerProductsMember2023-09-300001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name Broder Bros., Co. Maturity 12/04/2025 Industry Personal and Non-Durable Consumer Products Current Coupon 11.61% Basis Point Spread Above Index SOFR+6002024-03-310001383414pnnt:TwoThousandTwentySixTwoNotesPayableMember2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Applied Technical Services, LLC - Revolver Maturity 12/29/2026 Environmental Services Current Coupon 13.25% Basis Point Spread Above Index 3M SOFR+4752023-10-012024-03-310001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Electro Rent Corporation Maturity 1/17/2024 Industry Electronics Current Coupon 10.93% Basis Point Spread Above Index SOFR+5502023-09-300001383414Investment, Identifier [Axis]: Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Schlesinger Global, Inc. – Revolver Maturity 07/14/2025 Business Services Current Coupon 12.43% (PIK 5.6%) Basis Point Spread Above Index 3M SOFR+7152024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Cartessa Aesthetics, LLC Maturity 06/14/2028 Distribution Current Coupon 11.39% Basis Point Spread Above Index 3M SOFR+6002023-09-300001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name TPC Canada Parent, Inc. and TPC US Parent, LLC Maturity 11/24/2025 Industry Food Current Coupon 10.68% Basis Point Spread Above Index SOFR+5502022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% Connatix Parent, LLC Media2022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% Wildcat Parent, LP (Wildcat Buyerco, Inc.) Electronics2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Rural Sourcing Holdings, Inc. (Revolver) Maturity 06/15/2029 Business Services2023-09-300001383414us-gaap:InvestmentAffiliatedIssuerNoncontrolledMember2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—176.2% Common Equity/Partnership Interests/Warrants—24.7% Affinion Group Holdings, Inc. (Warrants) Maturity 04/10/2024 Consumer Products2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, PennantPark-TSO Senior Loan Fund II, LP, Industry Financial Services2023-10-012024-03-310001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name Neptune Flood Incorporated Maturity 05/09/2029 Industry Financial Services, Current Coupon 11.40% Basis Point Spread Above Index SOFR+6352023-10-012024-03-310001383414us-gaap:FinancingReceivables30To59DaysPastDueMember2024-03-310001383414Investments in Non-Controlled, Affiliated Portfolio Companies—10.9% First Lien Secured Debt—2.1% of Net Assets2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Wildcat Buyerco, Inc. (Revolver) Maturity 02/27/2026 Electronics2023-09-300001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Wildcat Buyerco, Inc. Maturity 2/27/2026 Industry Electronics Current Coupon 10.54% Basis Point Spread Above Index SOFR+5152023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% AMCSI Crash Co-Invest, LP Auto Sector One2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Mars Acquisition Holdings Corp. (Revolver) Maturity 05/14/2026 Media2022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, Loving Tan Intermediate II, Inc. - Revolver, Maturity 05/31/2028, Industry Consumer Products, Current Coupon 12.31%, Basis Point Spread Above Index 3M SOFR+7002024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, AMCSI Crash Co-Invest, LP One, Industry Auto Sector2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% Gauge ETE Blocker, LLC - Common Equity Personal, Food and Miscellaneous Services2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% ORL Holdco, Inc. Business Services2023-09-300001383414Investments and Cash Equivalents—227.1%2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Integrity Marketing Acquisition, LLC- Unfunded Term Loan Maturity 08/31/2025 Insurance2022-10-012023-09-300001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Mars Acquisition Holdings Corp. Maturity 5/14/2026 Industry Media Current Coupon 11.04% Basis Point Spread Above Index SOFR+5502023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% ITC Infusion Co-invest, LP Healthcare, Education and Childcare2022-10-012023-09-300001383414srt:OtherCurrencyMember2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% The Bluebird Group LLC (Revolver) Maturity 07/27/2026 Business Services2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% MBS Holdings, Inc. (Revolver) Maturity 04/16/2027 Telecommunications2023-09-300001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Anteriad, LLC (f/k/a MeritDirect, LLC) Maturity 5/23/2024 Industry Media Current Coupon 12.04% Basis Point Spread Above Index SOFR+6502023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Meadowlark Acquirer, LLC Term Loan II Maturity 12/10/2027 Business Services2022-10-012023-09-300001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name Alpine Acquisition Corp II Maturity 11/30/2026 Industry Containers, Packaging and Glass Current Coupon 11.43% Basis Point Spread Above Index SOFR+6102023-10-012024-03-310001383414us-gaap:ErrorCorrectionOtherMember2022-10-012023-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% NXOF Holdings, Inc. (Tyto Athene, LLC) Aerospace and Defense2022-10-012023-09-300001383414Related Party PSLF Issuer Name Infolinks Media Buyco, LLC Maturity 11/1/2026 Industry Media Current Coupon 11.18% Basis Point Spread Above Index SOFR+5852024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% NORA Acquisition, LLC (Revolver) Maturity 08/31/2029 Healthcare, Education and Childcare2022-10-012023-09-300001383414Related Party PSLF Issuer Name Rural Sourcing Holdings, Inc. (HPA SPQ Merger Sub, Inc.) Maturity 6/16/2029 Industry Professional Services Current Coupon 11.43% Basis Point Spread Above Index SOFR+6252023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Tyto Athene, LLC (Revolver) Maturity 04/01/2026 Aerospace and Defense2022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% Kinetic Purchaser, LLC Consumer Products2022-10-012023-09-300001383414Investments in Non-Controlled, Affiliated Portfolio Companies—10.9% Preferred Equity/Partnership Interests—6.4% Cascade Environmental Holdings, LLC - Series B Environmental Services2022-10-012023-09-300001383414Investments in Non-Controlled, Affiliated Portfolio Companies—10.9%2023-09-300001383414pnnt:NonControlledNonAffiliatedInvestmentsMember2023-01-012023-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% Affinion Group Holdings, Inc. (Warrants) Maturity 04/10/2024 Consumer Products2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, MBS Holdings, Inc. - Revolver One, Maturity 04/16/2027, Industry Telecommunications2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% EDS Buyer, LLC Maturity 12/22/2028 Aerospace and Defense Current Coupon 11.64% Basis Point Spread Above Index 3M SOFR+6252023-09-300001383414Investments in Non-Controlled, Affiliated Portfolio Companies—10.9% Common Equity/Partnership Interests/Warrants—2.4% Walker Edison Furniture Home and Office Furnishings2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% LJ Avalon Holdings, LLC - Revolver Maturity 01/31/2030 Environmental Services2022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, Hancock Roofing and Construction L.L.C., Maturity 12/31/2026, Industry Insurance, Current Coupon 10.93%, Basis Point Spread Above Index 1M SOFR+5602023-10-012024-03-310001383414Related Party PSLF Liabilities in Excess of Other Assets — 716.9%2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% of Net Assets, Omnia Exterior Solutions, LLC Maturity 12/29/2029 Diversified Conglomerate Service Current Coupon 10.80% Basis Point Spread Above Index 3M SOFR+5502024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Hancock Roofing and Construction L.L.C. Maturity 12/31/2026 Insurance Coupon 10.92% Basis Point Spread Above Index 1M L+5502023-09-300001383414Investments in Controlled, Affiliated Portfolio Companies—43.0% Second Lien Secured Debt—0% Mailsouth Inc Maturity 04/23/2025 Printing and Publishing2022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Preferred Equity/Partnership Interests—2.6% Magnolia Topco LP - Class B Preferred Equity Auto Sector2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Preferred Equity/Partnership Interests—2.6% Mars Intermediate Holdings II, Inc Media2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—145.6% First Lien Secured Debt—93.2% Blackhawk Industrial Distribution, Inc. Maturity 09/17/2026 Distribution Current Coupon 11.79% Basis Point Spread Above Index 3M SOFR+640 One2022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Spendmend Holdings LLC - Funded Revolver Maturity 03/01/2028 Business Services Current Coupon 11.20% Basis Point Spread Above Index 1M SOFR+5652023-09-300001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name Rancho Health MSO, Inc. Maturity 12/18/2025 Industry Healthcare, Education and Childcare Current Coupon 10.94% Basis Point Spread Above Index SOFR+5502023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Rural Sourcing Holdings, Inc. Maturity 06/15/2029 Business Services Current Coupon 11.56% Basis Point Spread Above Index 3M SOFR+6252024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Simplicity Financial Marketing Group Holdings Inc. - Unfunded Term Loan Maturity 12/02/2026 Financial Services2023-10-012024-03-310001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name A1 Garage Merger Sub, LLC Maturity 12/22/2028 Industry Personal, Food and Miscellaneous Services Current Coupon 11.68% Basis Point Spread Above Index SOFR+6602024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% Icon Partners V C, L.P. Business Services2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Zips Car Wash, LLC Maturity 12/31/2024 Auto Sector Current Coupon 12.68% (PIK 0.5%) Basis Point Spread Above Index 3M SOFR +7352024-03-310001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name Anteriad LLC (f/k/a MeritDirect) Maturity 6/30/2026 Industry Media Current Coupon 11.23% Basis Point Spread Above Index SOFR+5752024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Watchtower Intermediate, LLC. - Unfunded Term Loan Maturity 12/01/2025 Electronics2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% Seaway Topco, LP Chemicals, Plastics and Rubber2022-10-012023-09-300001383414pnnt:InvestmentsCostMemberpnnt:FirstLienMember2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Second Lien Secured Debt—12.7%2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Integrity Marketing Acquisition, LLC Maturity 08/27/2026 Insurance Current Coupon 11.41% Basis Point Spread Above Index 3M SOFR+6152023-09-300001383414pnnt:SeniorSecuritiesMember2022-10-012023-09-300001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name ETE Intermediate II, LLC Maturity 5/29/2029 Industry Personal, Food and Miscellaneous Services Current Coupon 11.84% Basis Point Spread Above Index SOFR+6502024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Crane 1 Services, Inc. (Revolver) Maturity 08/16/2027 Personal, Food and Miscellaneous Services2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Any Hour Services (Revolver) Maturity 07/21/2027 Personal, Food and Miscellaneous Services2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Urology Management Holdings, Inc. - Unfunded Term Loan Maturity 02/01/2024 Healthcare, Education and Childcare2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Blackhawk Industrial Distribution, Inc. Maturity 09/17/2026 Distribution2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Carnegie Dartlet, LLC Maturity 02/07/2030 Education Current Coupon 10.83% Basis Point Spread Above Index 3M SOFR+5502024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Integrity Marketing Acquisition, LLC- Unfunded Term Loan Maturity 08/31/2025 Insurance2023-09-300001383414Related Party PSLF Issuer Name Zips Car Wash, LLC Maturity 12/31/2024 Industry Business Services Current Coupon 12.68% Basis Point Spread Above Index SOFR+7252024-03-310001383414vestments in Controlled, Affiliated Portfolio Companies—43.0% Common Equity—12.8% of Net Assets2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Urology Management Holdings, Inc Maturity 06/15/2026 Healthcare , Education and Childcare Current Coupon 11.91% Basis Point Spread Above Index 3M SOFR +6652023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% US Government Securities—11.9% U.S. Treasury Bill Maturity 05/07/2024 Short-Term U.S. Government Securities Current Coupon 5.40%2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Ad.net Acquisition, LLC - Revolver Maturity 05/07/2026 Media2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% Go Dawgs Capital III, LP (American Insulated Glass, LLC) Building Materials2022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, Gauge ETE Blocker, LLC - Common Equity, Industry Personal, Food and Miscellaneous Services2023-10-012024-03-310001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name Quantic Electronics, LLC Maturity 11/19/2026 Industry Aerospace and Defense Current Coupon 11.66% Basis Point Spread Above Index SOFR+6352024-03-310001383414srt:MaximumMemberpnnt:IncentiveFeePaymentConditionOneMember2023-10-012024-03-310001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name DRS Holdings III, Inc. Maturity 11/3/2025 Industry Consumer Products Current Coupon 11.77% Basis Point Spread Above Index SOFR+6402023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% LAV Gear Holdings, Inc. Maturity 10/31/2024 Leisure, Amusement, Motion Pictures, Entertainment Current Coupon 11.79% (PIK 5.50%) Basis Point Spread Above Index 1M SOFR+6402023-09-300001383414Investments in Controlled, Affiliated Portfolio Companies—64.7% First Lien Secured Debt—20.3%2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Wildcat Buyerco, Inc. (Revolver) Maturity 02/27/2026 Electronics Current Coupon 10.17% Basis Point Spread Above Index 3M SOFR+5852022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Cartessa Aesthetics, LLC - (Revolver) Maturity 06/14/2028 Distribution Current Coupon 11.39% Basis Point Spread Above Index 3M SOFR+6002023-09-300001383414pnnt:ClassA1BMemberus-gaap:PrivatePlacementMemberpnnt:PennantParkCloViiMember2023-07-260001383414Related Party PSLF Issuer Name Watchtower Buyer, LLC Maturity 12/1/2029 Industry Consumer Products Current Coupon 11.31% Basis Point Spread Above Index SOFR+6002023-10-012024-03-310001383414pnnt:InvestmentsCostMemberpnnt:SecondLienMember2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Seaway Buyer, LLC - Revolver Maturity 06/13/2029 Chemicals, Plastics and Rubber2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, Infinity Home Services Holdco, Inc. One, Maturity/Expiration 12/28/2028, Industry Personal, Food and Miscellaneous Services, Current Coupon 11.31%, Basis Point Spread Above Index 3M SOFR+6002024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% DRS Holdings III, Inc. (Revolver) Maturity 11/03/2025 Consumer Products 2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Radius Aerospace, Inc. (Revolver) Maturity 03/31/2025 Aerospace and Defense2022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, FedHC InvestCo LP One, Industry Aerospace and Defense2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Rancho Health MSO, Inc. Maturity 12/18/2025 Healthcare, Education and Childcare Current Coupon 11.22% Basis Point Spread Above Index 3M SOFR+5752022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Arcfield Acquisition Corp. (Revolver) Maturity 08/04/2028 Aerospace and Defense2022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% TCG 3.0 Jogger Acquisitionco, Inc. Maturity 1/26/2029 Media Current Coupon 11.83% Basis Point Spread Above Index 3M SOFR +6502024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% CF512, Inc.(Revolver) Maturity 08/20/2026 Media 2023-10-012024-03-310001383414us-gaap:InvestmentAffiliatedIssuerNoncontrolledMember2024-01-012024-03-310001383414Related Party PSLF First Lien Secured Debt - 826.4% Issuer Name Solutionreach, Inc. Maturity 7/17/2025 Industry Communication Current Coupon 12.46% Basis Point Spread Above Index SOFR+7002023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% SBI Holdings Investments LLC (Sales Benchmark Index LLC) Business Services2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, Medina Health, LLC - Revolver One, Maturity 10/20/2028, Industry Healthcare, Education and Childcare2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, Mars Acquisition Holdings Corp. - Revolver, Maturity 05/14/2026, Industry Media2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% Athletico Holdings, LLC Healthcare, Education and Childcare2022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Preferred Equity/Partnership Interests—2.6% Cartessa Aesthetics, LLC Distribution2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Preferred Equity/Partnership Interests—2.6% Gauge Schlesinger Coinvest, LLC - Class A-2 Preferred Equity Business Services2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, NORA Parent Holdings, LLC, Industry Healthcare, Education and Childcare2024-03-310001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Pequod Merger Sub, Inc. Maturity 12/2/2026 Industry Banking, Finance, Insurance & Real Estate Current Coupon 11.79% Basis Point Spread Above Index SOFR+6402022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% The Vertex Companies, LLC (Revolver) Maturity 08/30/2027 Business Services Current Coupon 11.67% Basis Point Spread Above Index 1M SOFR+6352022-10-012023-09-300001383414us-gaap:FairValueInputsLevel1Member2024-03-310001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name Applied Technical Services, LLC Maturity 12/29/2026 Industry Environmental Services Current Coupon 11.22% Basis Point Spread Above Index SOFR+6152024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% EDS Buyer, LLC - Unfunded Term Loan Maturity 12/22/2028 Aerospace and Defense 2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% ACP Avenu Buyer, LLC Maturity 10/02/2029 Business Services Current Coupon 11.58% Basis Point Spread Above Index 3M SOFR+6252024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Carisk Buyer, Inc. - Revolver Maturity 12/01/2029 Healthcare, Education and Childcare2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Common Equity/Partnership Interests/Warrants—24.7% StellPen Holdings, LLC (CF512, Inc.) Media2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Anteriad, LLC (f/k/a MeritDirect, LLC) - Revolver Maturity 06/30/2026 Media2023-10-012024-03-310001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Integrity Marketing Acquisition, LLC Maturity 8/27/2026 Industry Insurance Current Coupon 11.57% Basis Point Spread Above Index SOFR+5752023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Common Equity/Partnership Interests/Warrants—24.7% Quad (U.S.) Co-Invest, L.P. Business Services2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Hancock Roofing and Construction L.L.C.(Revolver) Maturity 12/31/2026 Insurance2022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Anteriad, LLC (f/k/a MeritDirect, LLC) Maturity 05/23/2024 Media Current Coupon 12.04% Basis Point Spread Above Index 3M SOFR+6652022-10-012023-09-300001383414pnnt:TwoThousandTwentySixTwoNotesPayableMember2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, ORL Holdco, Inc., Industry Business Services2023-10-012024-03-310001383414us-gaap:InvestmentAffiliatedIssuerControlledMemberpnnt:PennantParkSeniorLoanFundLLCMember2023-10-012024-03-310001383414us-gaap:MoneyMarketFundsMember2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% HW Holdco, LLC Maturity 12/10/2024 Media Current Coupon 11.28% Basis Point Spread Above Index 3M L+6402022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Second Lien Secured Debt—12.7% Burgess Point Purchaser Corporation Maturity 07/28/2030 Auto Sector Current Coupon 14.43% Basis Point Spread Above Index 3M SOFR+9102024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Compex Legal Services, Inc. (Revolver) Maturity 02/07/2025 Business Services Current Coupon 10.94% Basis Point Spread Above Index 3M SOFR+5552022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% BioDerm, Inc. (Revolver) Maturity 01/31/2028 Healthcare, Education and Childcare Current Coupon 11.82% Basis Point Spread Above Index 3M SOFR+6502024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Subordinated Debt/Corporate Notes—10.7% Express Wash Acquisition Company, LLC Maturity 01/15/2029 Auto Sector Current Coupon 15.15% Basis Point Spread Above Index 3M SOFR+9762023-09-300001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name LAV Gear Holdings, Inc. Maturity 10/31/2024 Industry Leisure, Amusement, Motion Pictures, Entertainment Current Coupon 11.46% Basis Point Spread Above Index SOFR+5652023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Common Equity/Partnership Interests/Warrants—24.7% Urology Partners Co., L.P. Healthcare, Education and Childcare2024-03-310001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name DRI Holding Inc. Maturity 12/21/2028 Industry Media Current Coupon 10.68% Basis Point Spread Above Index SOFR+5252023-10-012024-03-310001383414us-gaap:FairValueInputsLevel3Memberpnnt:ValuationTechniqueMarketComparableMembersrt:MinimumMemberpnnt:MeasurementInputMarketYieldMemberpnnt:FirstLienMember2023-09-300001383414pnnt:NonControlledNonAffiliatedInvestmentsMember2022-10-012023-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% EDS Buyer, LLC - Unfunded Term Loan Maturity 12/22/2028 Aerospace and Defense2022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Common Equity/Partnership Interests/Warrants—24.7% Wildcat Parent, LP (Wildcat Buyerco, Inc.) Electronics2024-03-310001383414Investments in Non-Controlled, Affiliated Portfolio Companies—10.9% First Lien Secured Debt—2.1% Walker Edison Furniture Company, LLC - Unfunded Term Loan Maturity 03/31/2027 Home and Office Furnishings2022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, FedHC InvestCo LP, Industry Aerospace and Defense2024-03-310001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name LAV Gear Holdings, Inc. Maturity 10/31/2025 Industry Leisure, Amusement, Motion Pictures, Entertainment Current Coupon 11.71% Basis Point Spread Above Index SOFR+6402023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% Cowboy Parent LLC (Blackhawk Industrial Distribution, Inc.) Distribution2022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, MDI Buyer, Inc. - Revolver One, Maturity 07/25/2028, Industry Chemicals, Plastics and Rubber2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, LJ Avalon Holdings, LLC, Maturity 02/01/2030, Industry Environmental Services, Current Coupon 11.71%, Basis Point Spread Above Index 1M SOFR+6402024-03-310001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Sales Benchmark Index LLC Maturity 1/3/2025 Industry Business Services Current Coupon 11.59% Basis Point Spread Above Index SOFR+6002023-09-300001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Burgess Point Purchaser Corporation Maturity 9/26/2029 Industry Auto Sector Current Coupon 10.67% Basis Point Spread Above Index SOFR+5252022-10-012023-09-300001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name Ad.net Acquisition, LLC Maturity 5/7/2026 Industry Media Current Coupon 11.57% Basis Point Spread Above Index SOFR+6002023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Meadowlark Acquirer, LLC Term Loan I Maturity 12/10/2027 Business Services2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Preferred Equity/Partnership Interests—2.6% Magnolia Topco LP - Class B Preferred Equity Auto Sector2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Riverpoint Medical, LLC (Revolver) Maturity 06/20/2025 Healthcare, Education and Childcare Current Coupon 10.42% Basis Point Spread Above Index 3M SOFR+5102022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, Ledge Lounger, Inc. - Revolver One, Maturity 11/09/2026, Industry Consumer Products2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Preferred Equity/Partnership Interests—2.6% Mars Intermediate Holdings II, Inc Media2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% TCG 3.0 Jogger Acquisitionco, Inc. Unfunded Revolver Maturity 1/26/2029 Media 2024-03-310001383414pnnt:InvestmentsCostMemberpnnt:EquityInPSLFMember2024-03-310001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name Magenta Buyer, LLC Maturity 7/31/2028 Industry Software Current Coupon 10.57% Basis Point Spread Above Index SOFR+5262024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% NBH Group LLC (Revolver) Maturity 08/19/2026 Healthcare, Education and Childcare2023-09-300001383414pnnt:SubordinatedNotesInPSLFMemberpnnt:InvestmentsFairValueMember2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Solutionreach, Inc. (Revolver) Maturity 07/17/2025 Communications2023-09-300001383414Related Party PSLF First Lien Secured Debt - 826.4% Issuer Name Solutionreach, Inc. Maturity 7/17/2025 Industry Communication Current Coupon 12.46% Basis Point Spread Above Index SOFR+7002024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Graffiti Buyer, Inc. (Revolver) Maturity 08/10/2027 Distribution Current Coupon 11.77% Basis Point Spread Above Index 3M L+5602023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, ITC Rumba, LLC (Cano Health, LLC), Industry Healthcare, Education and Childcare2023-10-012024-03-310001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name Any Hour Services Maturity 07/21/2027 Industry Personal, Food and Miscellaneous Services Current Coupon 11.00% Basis Point Spread Above Index SOFR+5752023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Riverpoint Medical, LLC - Revolver Maturity 06/20/2025 Healthcare , Education and Childcare Current Coupon 10.93% Basis Point Spread Above Index 3M SOFR+5102023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Common Equity/Partnership Interests/Warrants—24.7% Tower Arch Infolinks Media, LP Media2024-03-310001383414Related Party PSLF Issuer Name Zips Car Wash, LLC Maturity 12/31/2024 Industry Business Services Current Coupon 12.68% Basis Point Spread Above Index SOFR+7252023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Broder Bros., Co. Maturity 12/04/2025 Consumer Products Current Coupon 11.65% Basis Point Spread Above Index 3M SOFR+6262023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% HV Watterson Holdings, LLC Maturity 12/17/2026 Business Services Coupon 11.79% Basis Point Spread Above Index 1M L+6252023-09-300001383414Investments in Controlled, Affiliated Portfolio Companies—43.0% Common Equity—12.8% AKW Holdings Limited Healthcare, Education and Childcare2022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Applied Technical Services, LLC - Unfunded Term Loan Maturity 07/17/2025 Environmental Services2023-10-012024-03-310001383414pnnt:TwoThousandAndTwentySixNotesMember2021-11-012021-11-010001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Rural Sourcing Holdings, Inc. – Unfunded Term Loan Maturity 06/15/2029 Business Services2023-10-012024-03-310001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name Beta Plus Technologies, Inc. Maturity 07/01/2029 Industry Business Services Current Coupon 11.10% Basis Point Spread Above Index SOFR+5752024-03-310001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Ad.net Acquisition, LLC Maturity 5/7/2026 Industry Media Current Coupon 11.65% Basis Point Spread Above Index SOFR+6002022-10-012023-09-300001383414Investments in Controlled, Affiliated Portfolio Companies—43.0% First Lien Secured Debt—9.8%2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% Municipal Emergency Services, Inc. Distribution2022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Loving Tan Intermediate II, Inc. Maturity 05/31/2028 Consumer Products Current Coupon 12.39% Basis Point Spread Above Index 3M SOFR+7002023-09-300001383414srt:MaximumMemberpnnt:PennantParkSeniorLoanFundLLCMember2022-10-012023-09-300001383414us-gaap:FairValueInputsLevel3Memberpnnt:ValuationTechniqueMarketComparableMemberpnnt:SubordinatedDebtOrCorporateNotesMemberpnnt:MeasurementInputMarketYieldMembersrt:WeightedAverageMember2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—145.6% First Lien Secured Debt—93.2% Ledge Lounger, Inc. (Revolver) Maturity 11/09/2026 Consumer Products2022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, HW Holdco, LLC - Revolver Maturity 05/10/2026, Industry Media2024-03-310001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name Magenta Buyer, LLC Maturity 7/31/2028 Industry Software Current Coupon 10.57% Basis Point Spread Above Index SOFR+5262023-10-012024-03-310001383414pnnt:SubordinatedNotesMember2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Rancho Health MSO, Inc. (Revolver) Maturity 12/18/2025 Healthcare, Education and Childcare Current Coupon 11.24% Basis Point Spread Above Index 3M SOFR+5752023-09-300001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Duraco Specialty Tapes LLC Maturity 6/30/2024 Industry Manufacturing / Basic Industries Current Coupon 11.93% Basis Point Spread Above Index SOFR+6502023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% System Planning and Analysis, Inc. - Unfunded Revolver Maturity 08/16/2027 Aerospace and Defense2023-10-012024-03-310001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name PL Acquisitionco, LLC Maturity 11/9/2027 Industry Retail Current Coupon 12.43% Basis Point Spread Above Index SOFR+7102023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Crane 1 Services, Inc. (Revolver) Maturity 08/16/2027 Personal, Food and Miscellaneous Services Current Coupon 10.90% Basis Point Spread Above Index 3M SOFR+5512022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Connatix Buyer, Inc. (Revolver) Maturity 07/13/2027 Media 2023-10-012024-03-310001383414Related Party PSLF Total Investments 783.7%2023-09-300001383414Investments in Controlled, Affiliated Portfolio Companies—43.0% Common Equity—12.8%2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, FedHC InvestCo LP One, Industry Aerospace and Defense2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Holdco Sands Intermediate, LLC Maturity 11/23/2028 Aerospace and Defense Coupon 11.32% Basis Point Spread Above Index 6M L+5852023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Sigma Defense Systems, LLC Maturity 12/18/2027 Telecommunications Current Coupon 12.46% Basis Point Spread Above Index 1M SOFR+7152024-03-310001383414us-gaap:FairValueInputsLevel3Memberpnnt:ValuationTechniqueMarketComparableMemberpnnt:MeasurementInputMarketYieldMemberpnnt:SecondLienMembersrt:WeightedAverageMember2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, Graffiti Buyer, Inc. - Revolver One, Maturity 08/10/2027, Industry Distribution2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, NORA Parent Holdings, LLC, Industry Healthcare, Education and Childcare2023-10-012024-03-310001383414Non-Affiliated Investments2023-09-300001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name Hills Distribution, Inc Maturity 11/08/29 Industrial Distribution Current Coupon 11.32% Basis Point Spread Above Index SOFR+6002023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Pragmatic Institute, LLC Maturity 07/06/2028 Business Services Current Coupon 11.09% Basis Point Spread Above Index 3M SOFR+5752024-03-310001383414Related Party PSLF Cash and Cash Equivalents - 57.6%2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Preferred Equity/Partnership Interests—2.6% AH Newco Equity holdings, LLC Healthcare, Education and Childcare Current Coupon 6.00%2022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Common Equity/Partnership Interests/Warrants—24.7% RFMG Parent, LP (Rancho Health MSO, Inc.) Healthcare, Education and Childcare2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% HW Holdco, LLC Maturity 12/10/2024 Media Current Coupon 11.28% Basis Point Spread Above Index 3M L+6402023-09-300001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name LAV Gear Holdings, Inc. Maturity 10/31/2025 Industry Leisure, Amusement, Motion Pictures, Entertainment Current Coupon 11.71% Basis Point Spread Above Index SOFR+6402024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Preferred Equity/Partnership Interests—2.6% AFC Acquisitions, Inc. Distribution2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% Magnolia Topco LP - Class A Common Equity Auto Sector2022-10-012023-09-300001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name Graffiti Buyer, Inc. Maturity 08/10/2027 Industry Distribution Current Coupon 10.95% Basis Point Spread Above Index SOFR+5752023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Carisk Buyer, Inc. - Unfunded Term Loan Maturity 12/01/2029 Healthcare, Education and Childcare2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Rancho Health MSO, Inc. - Revolver Maturity 12/18/2025 Healthcare, Education and Childcare2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—145.6% First Lien Secured Debt—93.2% Ledge Lounger, Inc. (Revolver) Maturity 11/09/2026 Consumer Products2023-09-300001383414us-gaap:InvestmentAffiliatedIssuerNoncontrolledMemberpnnt:CascadeEnvironmentalHoldingsLLCMember2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Urology Management Holdings, Inc. - Unfunded Term Loan Maturity 02/01/2024 Healthcare, Education and Childcare2022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% ORL Acquisition, Inc. (Revolver) Maturity 09/03/2027 Business Services2022-10-012023-09-300001383414us-gaap:ErrorCorrectionOtherMember2021-10-012022-09-300001383414Net Assets—100.0%2023-09-300001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name MBS Holdings, Inc. Maturity 4/16/2027 Industry Telecommunications Current Coupon 11.26% Basis Point Spread Above Index SOFR+5852023-10-012024-03-310001383414pnnt:InvestmentAdministratorMember2023-10-012024-03-310001383414Investments in Controlled, Affiliated Portfolio Companies—64.7% Common Equity—21.3%2024-03-310001383414pnnt:HomeAndOfficeFurnishingsMember2024-03-310001383414Liabilities in Excess of Other Assets—(154.0%)2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1%2024-03-310001383414pnnt:NonControlledNonAffiliatedInvestmentsMember2024-03-310001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name HV Watterson Holdings, LLC Maturity 12/17/2026 Industry Business Services Current Coupon 11.46% Basis Point Spread Above Index SOFR+6152023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, BioDerm, Inc., Industry Healthcare, Education and Childcare2023-10-012024-03-310001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name Dr. Squatch, LLC Maturity 8/31/2027 Industry Personal and Non-Durable Consumer Product Current Coupon 11.16% Basis Point Spread Above Index SOFR+5752023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, Delta InvestCo LP One (Sigma Defense Systems, LLC), Industry Telecommunications2024-03-310001383414pnnt:ChemicalsPlasticsAndRubberMember2024-03-310001383414pnnt:USGovernmentSecuritiesMemberus-gaap:FairValueInputsLevel2Member2023-09-300001383414pnnt:ConsumerProductsMember2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% System Planning and Analysis, Inc. - (Revolver) (f/k/a Management Consulting & Research, LLC) Maturity 08/16/2027 Aerospace and Defense2022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% of Net Assets, PCS MIDCO INC Maturity 03/01/2030 Financial Services Current Coupon 11.09% Basis Point Spread Above Index 1M SOFR+5752023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, OHCP V BC COI, L.P. One, Industry Distribution2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% of Net Assets, ORL Acquisition, Inc. - Revolver Maturity 09/03/2027 Business Services2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Inventus Power, Inc. (Revolver) Maturity 06/30/2025 Electronics2022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% OHCP V BC COI, L.P. Distribution2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Subordinated Debt/Corporate Notes—9.8% of Net Assets2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% MDI Buyer, Inc. (Revolver) Maturity 07/25/2028 Chemicals, Plastics and Rubber Current Coupon 10.92% Basis Point Spread Above Index 3M SOFR+6002023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% Municipal Emergency Services, Inc. Distribution2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% Altamira Intermediate Company II, Inc. Aerospace and Defense2022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Meadowlark Acquirer, LLC Maturity 12/10/2027 Business Services Current Coupon 10.66% Basis Point Spread Above Index 3M SOFR+5502023-09-300001383414Related Party PSLF Issuer Name The Bluebird Group LLC Maturity 7/27/2026 Industry Business Services Current Coupon 11.96% Basis Point Spread Above Index SOFR+6652023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% GCOM InvestCo LP Business Services2022-10-012023-09-300001383414us-gaap:FairValueInputsLevel3Member2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Second Lien Secured Debt—16.0%2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% FedHC InvestCo II LP Aerospace and Defense2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% TWS Acquisition Corporation Maturity 06/16/2025 Education Current Coupon 11.73% Basis Point Spread Above Index 3M SOFR +6402023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, ITI Holdings, Inc., Maturity 03/03/2028, Industry Business Services, Current Coupon 10.97%, Basis Point Spread Above Index 3M SOFR+5652024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Second Lien Secured Debt—16.0% QuantiTech LLC Maturity 02/04/2027 Aerospace and Defense Current Coupon 11.74% Basis Point Spread Above Index 3M SOFR+6352023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Preferred Equity/Partnership Interests—2.6% AH Newco Equity holdings, LLC Healthcare, Education and Childcare Current Coupon 6.00%2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% BlueHalo Financing Holdings, LLC Maturity 10/31/2025 Aerospace and Defense Current Coupon 12.04% Basis Point Spread Above Index 3M SOFR+6652023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, North Haven Saints Equity Holdings, LP, Industry Business Services2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% BioDerm, Inc. Healthcare, Education and Childcare2022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, Lightspeed Buyer Inc., Maturity/Expiration 02/03/2026, Industry Healthcare, Education and Childcare, Current Coupon 10.68%, Basis Point Spread Above Index 1M SOFR+5352024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% S101 Holdings, Inc. - Term Loan C Maturity 12/29/2026 Electronics Current Coupon 11.48% Basis Point Spread Above Index 3M SOFR+6002023-10-012024-03-310001383414us-gaap:FairValueMeasuredAtNetAssetValuePerShareMemberpnnt:USGovernmentSecuritiesMember2024-03-310001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Apex Service Partners, LLC Term Loan C Maturity 7/31/2025 Industry Personal, Food and Miscellaneous Services Current Coupon 10.76% Basis Point Spread Above Index SOFR+5252023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% TWD Parent Holdings, LLC (The Vertex Companies, LLC) Business Services2022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, AMCSI Crash Co-Invest, LP, Industry Auto Sector2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Exigo Intermediate II, LLC Maturity 03/15/2027 Business Services Current Coupon 11.17% Basis Point Spread Above Index 3M SOFR+5852023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% Crane 1 Acquisition Parent Holdings, L.P. Personal, Food and Miscellaneous Services2023-09-300001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Inception Fertility Ventures, LLC Maturity 12/31/2024 Industry Healthcare, Education and Childcare Current Coupon 12.50% Basis Point Spread Above Index SOFR+7152023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% SBI Holdings Investments LLC (Sales Benchmark Index LLC) Business Services2022-10-012023-09-300001383414Investments in Controlled, Affiliated Portfolio Companies—64.7% Common Equity—21.3% PennantPark Senior Loan Fund, LLC Financial Services2023-10-012024-03-310001383414Related Party PSLF Members Equity - 100.0%2022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, ITI Holdings, Inc. - Revolver, Maturity 03/03/2028, Industry Business Services, Current Coupon 13.00%, Basis Point Spread Above Index 3M SOFR+4502024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Common Equity/Partnership Interests/Warrants—24.7% QuantiTech InvestCo LP Aerospace and Defense 12023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Common Equity/Partnership Interests/Warrants—24.7% Watchtower Holdings, LLC Electronics2023-10-012024-03-310001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name Imagine Acquisitionco, LLC Maturity 11/15/2027 Industry Business Services Current Coupon 10.43% Basis Point Spread Above Index SOFR+5102023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Holdco Sands Intermediate, LLC(Revolver) Maturity 11/23/2027 Aerospace and Defense2022-10-012023-09-300001383414pnnt:ClassA1AMemberus-gaap:PrivatePlacementMemberpnnt:PennantParkCloViiMember2023-07-260001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% NORA Acquisition, LLC Maturity 08/31/2029 Healthcare, Education and Childcare Current Coupon 11.74% Basis Point Spread Above Index 3M SOFR+6352023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Meadowlark Acquirer, LLC (Revolver) Maturity 12/10/2027 Business Services2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Radius Aerospace, Inc. (Revolver) Maturity 03/31/2025 Aerospace and Defense Current Coupon 11.29% Basis Point Spread Above Index 3M SOFR+5752022-10-012023-09-300001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name DRS Holdings III, Inc. Maturity 11/3/2025 Industry Consumer Products Current Coupon 11.77% Basis Point Spread Above Index SOFR+6402022-10-012023-09-300001383414Investments in Controlled, Affiliated Portfolio Companies—64.7% First Lien Secured Debt—20.3% of Net Assets2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, Exigo, LLC, Industry Business Services2023-10-012024-03-310001383414us-gaap:InvestmentAffiliatedIssuerNoncontrolledMemberpnnt:CascadeEnvironmentalHoldingsLLCMember2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% Ad.net Holdings, Inc. Media2022-10-012023-09-300001383414Related Party PSLF Total Investments and Cash Equivalents - 816.9%2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, LJ Avalon Holdings, LLC - Revolver, Maturity 01/31/2030, Industry Environmental Services2024-03-310001383414Cash and Cash Equivalents—7.1% BlackRock Federal FD Institutional 302024-03-310001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Arcfield Acquisition Corp. Maturity 08/03/2029 Industry Aerospace and Defense Current Coupon 11.62% Basis Point Spread Above Index SOFR+6252022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% Exigo, LLC Business Services2022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Simplicity Financial Marketing Group Holdings Inc. - Unfunded Revolver Maturity 12/02/2026 Financial Services2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Second Lien Secured Debt—16.0% Halo Buyer, Inc. Maturity 07/06/2026 Consumer Products Current Coupon 13.67% Basis Point Spread Above Index 1M SOFR+8352022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, Ironclad Holdco, LLC (Applied Technical Services, LLC), Industry Environmental Services2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Common Equity/Partnership Interests/Warrants—24.7% A1 Garage Equity, LLC Personal, Food and Miscellaneous Services2023-10-012024-03-310001383414us-gaap:FairValueInputsLevel3Memberpnnt:LongTermCreditFacilityMember2023-09-300001383414us-gaap:EquityFundsMember2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Applied Technical Services, LLC (Revolver) Maturity 12/29/2026 Environmental Services Current Coupon 13.25% Basis Point Spread Above Index 3M SOFR+4752023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, eCommission Holding Corporation, Industry Financial Services2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Preferred Equity/Partnership Interests—2.6% Mars Intermediate Holdings II, Inc Media2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% RFMG Parent, LP (Rancho Health MSO, Inc.) Healthcare, Education and Childcare2023-09-300001383414Investments in Controlled, Affiliated Portfolio Companies—64.7% Subordinated Debt—23.1% PennantPark Senior Loan Fund, LLC Maturity 07/31/2027 Financial Services Current Coupon 13.31% Basis Point Spread Above Index 3M SOFR+8002024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Inventus Power, Inc. (Revolver) Maturity 06/30/2025 Electronics2023-09-300001383414Related Party PSLF First Lien Secured Debt - 783.7% PennantPark Senior Loan Fund, LLC2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Cartessa Aesthetics, LLC - (Revolver) Maturity 06/14/2028 Distribution Current Coupon 11.06% Basis Point Spread Above Index 3M SOFR+5752024-03-310001383414pnnt:ChemicalsPlasticsAndRubberMember2023-09-300001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name NBH Group LLC Maturity 8/19/2026 Industry Healthcare, Education and Childcare Current Coupon 10.93% Basis Point Spread Above Index SOFR+5252022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% Wildcat Parent, LP (Wildcat Buyerco, Inc.) Electronics2022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Zips Car Wash, LLC Maturity 03/01/2024 Auto Sector Current Coupon 12.67% Basis Point Spread Above Index 1M SOFR+7352023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Common Equity/Partnership Interests/Warrants—24.7% QuantiTech InvestCo II LP Aerospace and Defense2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% System Planning and Analysis, Inc. - Unfunded Term Loan Maturity 08/16/2027 Aerospace and Defense2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Quantic Electronics, LLC (Revolver) Maturity 11/19/2026 Aerospace and Defense Current Coupon 11.74% Basis Point Spread Above Index 3M SOFR+6352023-09-300001383414pnnt:InvestmentsFairValueMemberpnnt:SecondLienMember2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, NBH Group LLC - Revolver Maturity 08/19/2026 Healthcare, Education and Childcare2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, Anteriad Holdings, LP (f/k/a MeritDirect Holdings, LP), Industry Media2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Preferred Equity/Partnership Interests—2.6% Ad.net Holdings, Inc. Media2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Pequod Merger Sub, Inc. (Revolver) Maturity 12/02/2026 Financial Services2022-10-012023-09-300001383414Related Party PSLF First Lien Secured Debt - 7703 % Issuer Name Meadowlark Acquirer, LLC Maturity 12/10/2027 Industry Business Services Current Coupon 11.20% Basis Point Spread Above Index SOFR+5502024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Common Equity/Partnership Interests/Warrants—24.7% Ad.net Holdings, Inc. Media2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, HV Watterson Holdings, LLC, Industry Business Services2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Atlas Purchaser, Inc. - Fourth Out Maturity 05/06/2028 Telecommunications Current Coupon 12.33% Basis Point Spread Above Index 3M SOFR+7002024-03-310001383414 Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Simplicity Financial Marketing Group Holdings Inc. Maturity 12/02/2026 Financial Services Current Coupon 11.63% Basis Point Spread Above Index 3M SOFR+6402024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, KL Stockton Co-Invest LP (Any Hour Services), Industry Personal, Food and Miscellaneous Services2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% The Bluebird Group LLC Maturity 7/27/2026 Business Services Current Coupon 11.96% Basis Point Spread Above Index 3M SOFR +6652024-03-310001383414pnnt:PennantParkCloViiMembersrt:SubsidiariesMember2023-07-260001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Municipal Emergency Services, Inc. (Revolver) Maturity 09/28/2027 Distribution Current Coupon 11.04% Basis Point Spread Above Index 3M SOFR+5652022-10-012023-09-300001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name EDS Buyer, LLC Maturity 1/10/2029 Industry Aerospace and Defense Current Coupon 11.64% Basis Point Spread Above Index SOFR+6252022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Any Hour Services Maturity 07/21/2027 Personal, Food and Miscellaneous Services Current Coupon 11.22% Basis Point Spread Above Index 3M SOFR+5852022-10-012023-09-300001383414pnnt:IncentiveFeePaymentConditionTwoMember2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Spendmend Holdings LLC - Unfunded Revolver Maturity 03/01/2028 Business Services2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Preferred Equity/Partnership Interests—2.6% NXOF Holdings, Inc. (Tyto Athene, LLC) Aerospace and Defense2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Confluent Health, LLC Maturity 11/30/2028 Healthcare, Education and Childcare Current Coupon 12.83% Basis Point Spread Above Index 3M SOFR+7502023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Subordinated Debt/Corporate Notes—10.7% Flock Financial, LLC Maturity 05/26/2027 Financial Services Current Coupon 14.50%2023-09-300001383414Investments in Non-Controlled, Affiliated Portfolio Companies—10.9% First Lien Secured Debt—2.1% Walker Edison Furniture Company, LLC - Unfunded Term Loan Maturity 03/31/2027 Home and Office Furnishings2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Common Equity/Partnership Interests/Warrants—24.7% WCP Ivyrehab QP CF Feeder, LP - Unfunded Healthcare, Education and Childcare 2024-03-310001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Seaway Buyer, LLC Maturity 6/13/2029 Industry Chemicals, Plastics and Rubber Current Coupon 11.54% Basis Point Spread Above Index SOFR+6052022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Second Lien Secured Debt—12.7% Best Practice Associates LLC Maturity 06/29/2027 Aerospace and Defense Current Coupon 14.46% Basis Point Spread Above Index 3M SOFR+9152024-03-310001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Five Star Buyer, Inc. Maturity 2/23/2028 Industry Hotels, Motels, Inns and Gaming Current Coupon 12.43% Basis Point Spread Above Index SOFR+7002023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% Go Dawgs Capital III, LP (American Insulated Glass, LLC) Building Materials2023-09-300001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name One Stop Mailing, LLC Maturity 5/7/2027 Industry Transportation Current Coupon 11.69% Basis Point Spread Above Index SOFR+6362023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, OHCP V BC COI, L.P., Industry Distribution2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% of Net Assets, Omnia Exterior Solutions, LLC - Revolver Maturity 12/29/2029 Diversified Conglomerate Service2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, Kentucky Racing Holdco, LLC (Warrants), Industry Hotels, Motels, Inns and Gaming2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Preferred Equity/Partnership Interests—2.6% Imagine Topco, LP Preferred Business Services Current Coupon 8.00% 2024-03-310001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name Recteq, LLC Maturity 1/29/2026 Industry Consumer Products Current Coupon 12.46% Basis Point Spread Above Index SOFR+7152023-10-012024-03-310001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Broder Bros., Co. Maturity 12/4/2025 Industry Personal and Non-Durable Consumer Products Current Coupon 11.50% Basis Point Spread Above Index SOFR+6002023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Preferred Equity/Partnership Interests—2.6% AFC Acquisitions, Inc. Distribution2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, ITC Rumba, LLC (Cano Health, LLC), Industry Healthcare, Education and Childcare2024-03-310001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name Reception Purchaser, LLC Maturity 4/28/2028 Industry Transportation Current Coupon 11.45% Basis Point Spread Above Index SOFR+6152024-03-310001383414pnnt:TwoThousandAndTwentySixNotesTwoMember2021-10-012021-10-310001383414pnnt:PennantParkSeniorLoanFundLLCMember2023-01-012023-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Questex, LLC (Revolver) Maturity 09/09/2024 Media2022-10-012023-09-300001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Team Services Group, LLC Maturity 11/24/2028 Healthcare, Education and Childcare Current Coupon 10.75% Basis Point Spread Above Index SOFR+5152023-09-300001383414pnnt:InvestmentsFairValueMember2024-03-3100013834142024-03-310001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name CF512, Inc. Maturity 8/20/2026 Industry Media Current Coupon 11.53% Basis Point Spread Above Index SOFR+6192023-10-012024-03-310001383414Related Party PSLF Issuer Name Sigma Defense Systems, LLC Maturity 12/18/2027 Industry Telecommunications Current Coupon 12.46% Basis Point Spread Above Index SOFR+7152023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% PMS MIDCO INC - Unfunded Term Loan Maturity 03/01/2026 Financial Services2024-03-310001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name ETE Intermediate II, LLC Maturity 5/29/2029 Industry Personal, Food and Miscellaneous Services Current Coupon 11.84% Basis Point Spread Above Index SOFR+6502023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Quantic Electronics, LLC Maturity 11/19/2026 Aerospace and Defense Current Coupon 11.66% Basis Point Spread Above Index 3M SOFR+6352023-10-012024-03-310001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name Broder Bros., Co. Maturity 12/04/2025 Industry Personal and Non-Durable Consumer Products Current Coupon 11.61% Basis Point Spread Above Index SOFR+6002023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, eCommission Holding Corporation, Industry Financial Services2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Municipal Emergency Services, Inc. Maturity 09/28/2027 Distribution Current Coupon 11.05% Basis Point Spread Above Index 3M SOFR+5652022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% of Net Assets, Ox Two, LLC - Revolver Maturity 05/18/2026 Building Materials2024-03-310001383414Total Investments and Cash Equivalents—227.1% of Net Assets2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, Lash OpCo, LLC - Revolver, Maturity 08/16/2026, Industry Consumer Products, Current Coupon 13.30%, (PIK 5.1%) Basis Point Spread Above Index 1M SOFR+7002024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, MDI Buyer, Inc. - Revolver, Maturity 07/25/2028, Industry Chemicals, Plastics and Rubber, Current Coupon 10.81%, Basis Point Spread Above Index 3M SOFR+6002023-10-012024-03-310001383414pnnt:TruistCreditFacilityMember2024-01-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Preferred Equity/Partnership Interests—2.6% AH Newco Equity holdings, LLC Healthcare, Education and Childcare Current Coupon 6.00%2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Seaway Buyer, LLC (Revolver) Maturity 06/13/2029 Chemicals, Plastics and Rubber2022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—178.4% First Lien Secured Debt—113.1% Applied Technical Services, LLC Maturity 12/29/2026 Environmental Services Current Coupon 11.20% Basis Point Spread Above Index 3M SOFR+5852024-03-310001383414Related Party PSLF Issuer Name TPC US Parent, LLC Maturity 11/24/2025 Industry Food Current Coupon 10.98% Basis Point Spread Above Index SOFR+5502023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% of Net Assets, PCS MIDCO INC Maturity 03/01/2030 Financial Services Current Coupon 11.09% Basis Point Spread Above Index 1M SOFR+5752024-03-310001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Connatix Buyer, Inc. Maturity 7/13/2027 Industry Media Current Coupon 11.16% Basis Point Spread Above Index SOFR+5502023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Confluent Health, LLC Maturity 11/30/2028 Healthcare, Education and Childcare Current Coupon 12.82% Basis Point Spread Above Index 3M SOFR+7502023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% A1 Garage Merger Sub, LLC - Unfunded Term Loan Maturity 12/21/2024 Personal, Food and Miscellaneous Services2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% Imagine Topco, LP Business Services2022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—159.2% First Lien Secured Debt—93.2%2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, MBS Holdings, Inc. - Revolver One, Maturity 04/16/2027, Industry Telecommunications2024-03-310001383414Investments in Non-Controlled, Affiliated Portfolio Companies—7.4% Common Equity/Partnership Interests/Warrants—0.0% Walker Edison Furniture Home and Office Furnishings2023-10-012024-03-310001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name Bioderm, Inc. Maturity 1/31/2028 Industry Healthcare, Education and Childcare Current Coupon 11.82% Basis Point Spread Above Index SOFR+6502024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% Magnolia Topco LP - Class B Common Equity Auto Sector2022-10-012023-09-300001383414us-gaap:InvestmentAffiliatedIssuerNoncontrolledMemberpnnt:WalkerEdisonFurnitureCompanyLLCMember2024-03-310001383414pnnt:InvestmentsFairValueMemberpnnt:EquityInPSLFMember2023-09-300001383414pnnt:ControlledAffiliatedInvestmentsMember2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% ETE Intermediate II, LLC (Revolver) Maturity 5/25/2029 Personal, Food and Miscellaneous Services2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—178.4% First Lien Secured Debt—113.1% AFC Dell Holding Corp. - Unfunded Term Loan Maturity 04/09/2027 Distribution2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% K2 Pure Solutions NoCal, L.P. (Revolver) Maturity 12/20/2023 Chemicals, Plastics and Rubber2022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Questex , LLC Maturity 09/9/2024 Media Current Coupon 9.72% Basis Point Spread Above Index 3M SOFR+4402023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, Ironclad Holdco, LLC (Applied Technical Services, LLC), Industry Environmental Services2023-10-012024-03-310001383414Related Party PSLF Issuer Name The Vertex Companies, LLC Maturity 8/31/2027 Industry Business Services Current Coupon 11.46% Basis Point Spread Above Index SOFR+6352023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Connatix Buyer, Inc. (Revolver) Maturity 07/13/2027 Media2022-10-012023-09-300001383414us-gaap:MoneyMarketFundsMember2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% Pragmatic Institute, LLC Business Services2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Second Lien Secured Debt—16.0% ENC Parent Corporation Maturity 08/19/2029 Business Services Current Coupon 13.15% Basis Point Spread Above Index 3M SOFR+7762022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% Tower Arch Infolinks Media, LP Media2022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% Gauge Lash Coinvest LLC Consumer Products2022-10-012023-09-300001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Urology Management Holdings. Inc. Maturity 6/15/2026 Industry Healthcare, Education and Childcare Current Coupon 11.79% Basis Point Spread Above Index SOFR+6252023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, Infinity Home Services Holdco, Inc.-Funded Revolver Maturity 12/28/2028, Industry Personal, Food and Miscellaneous Services, Current Coupon 14.25%, Basis Point Spread Above Index 3M SOFR+5752024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% OHCP V BC COI, L.P. Distribution One2022-10-012023-09-300001383414us-gaap:InvestmentAffiliatedIssuerControlledMember2023-10-012024-03-310001383414pnnt:TwoThousandAndTwentySixNotesTwoMember2024-03-310001383414us-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:FairValueInputsLevel3Memberpnnt:ValuationTechniqueEnterpriseMarketValueMemberus-gaap:EquityMethodInvestmentsMembersrt:WeightedAverageMember2024-03-310001383414pnnt:HealthcareEducationAndChildcareMember2024-03-310001383414us-gaap:FairValueInputsLevel3Member2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% S101 Holdings, Inc. - Term Loan B Maturity 12/29/2026 Electronics Current Coupon 11.48% Basis Point Spread Above Index 3M SOFR+6152024-03-310001383414Related Party PSLF Cash and Cash Equivalents - 57.6% Issuer Name BlackRock Federal FD Institutional 302023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% PCS MIDCO INC - Unfunded Revolver Maturity 03/01/2030 Financial Services2024-03-310001383414us-gaap:FairValueInputsLevel3Memberpnnt:TruistCreditFacilityMember2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Tyto Athene, LLC (New Issue) - Revolver Maturity 04/01/2026 Aerospace and Defense Current Coupon 11.02% Basis Point Spread Above Index 3M SOFR +5652024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Cartessa Aesthetics, LLC - (Revolver) Maturity 06/14/2028 Distribution Current Coupon 11.39% Basis Point Spread Above Index 3M SOFR+6002022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, Infolinks Media Buyco, LLC, Maturity 11/01/2026, Industry Media, Current Coupon 11.18%, Basis Point Spread Above Index 3M SOFR+5852024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Rancho Health MSO, Inc. - Revolver Maturity 12/18/2025 Healthcare, Education and Childcare Current Coupon 10.95% Basis Point Spread Above Index 3M SOFR+5852024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Spendmend Holdings LLC Maturity 03/01/2028 Business Services Current Coupon 11.04% Basis Point Spread Above Index 1M SOFR+5652022-10-012023-09-300001383414pnnt:ControlledAndNonControlledAffiliatesMember2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Second Lien Secured Debt—16.0% Atlas Purchaser, Inc Maturity 05/07/2029 Telecommunications Current Coupon 14.66% Basis Point Spread Above Index 3M SOFR+9002023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, Lightspeed Buyer Inc. - Revolver, Maturity 02/03/2026, Industry Healthcare, Education and Childcare2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Carnegie Dartlet, LLC Unfunded Term Loan Maturity 02/07/2030 Education2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Applied Technical Services, LLC (Revolver) Maturity 12/29/2026 Environmental Services2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Pragmatic Institute, LLC Unfunded Term Loan Maturity 07/06/2028 Business Services2022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, KL Stockton Co-Invest LP (Any Hour Services), Industry Personal, Food and Miscellaneous Services2024-03-310001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name HW Holdco, LLC Maturity 5/10/2026 Industry Media Current Coupon 11.70% Basis Point Spread Above Index SOFR+6502023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Common Equity/Partnership Interests/Warrants—24.7% Wildcat Parent, LP (Wildcat Buyerco, Inc.) Electronics2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, Medina Health, LLC, Maturity 10/20/2028, Industry Healthcare, Education and Childcare, Current Coupon 11.56%, Basis Point Spread Above Index 3M SOFR+6252023-10-012024-03-310001383414Affiliated Investments2023-09-300001383414Related Party PSLF Issuer Name Urology Management Holdings. Inc. Maturity 6/15/2026 Industry Healthcare, Education and Childcare Current Coupon 11.68% Basis Point Spread Above Index SOFR+6252023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% of Net Assets, Neptune Flood Incorporated - Revolver Maturity 05/09/2029 Insurance2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% The Aegis Technologies Group, LLC Maturity 10/31/2025 Aerospace and Defense Current Coupon 11.66% Basis Point Spread Above Index 3M SOFR+6652023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Seaway Buyer, LLC Maturity 06/13/2029 Chemicals, Plastics and Rubber Current Coupon 11.46% Basis Point Spread Above Index 3M SOFR+6152023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% Signature CR Intermediate Holdco, Inc. Chemicals, Plastics and Rubber2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% ORL Acquisition, Inc. (Revolver) Maturity 09/03/2027 Business Services2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, MOREGroup Holdings, Inc. Unfunded Term Loan Maturity 01/16/2026, Industry Business Services2024-03-310001383414pnnt:TwoThousandAndTwentySixNotesMemberus-gaap:FairValueInputsLevel2Member2024-03-310001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name Pacific Purchaser, LLC Maturity 10/2/2028 Industry Business Services Current Coupon 11.43% Basis Point Spread Above Index SOFR+6252024-03-310001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Rural Sourcing Holdings, Inc. (HPA SPQ Merger Sub, Inc.) Maturity 6/16/2029 Industry Professional Services Current Coupon 11.52% Basis Point Spread Above Index SOFR+6252023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Common Equity/Partnership Interests/Warrants—24.7% TWD Parent Holdings, LLC (The Vertex Companies, LLC) Business Services2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Gauge ETE Blocker, LLC - Promissory Note Maturity 05/19/2029 Personal, Food and Miscellaneous Services Current Coupon 12.56%2024-03-310001383414Non-Qualifying Assets2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, ITI Holdings, Inc., Maturity 03/03/2028, Industry Business Services, Current Coupon 10.97%, Basis Point Spread Above Index 3M SOFR+5652023-10-012024-03-310001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name One Stop Mailing, LLC Maturity 5/7/2027 Industry Transportation Current Coupon 11.69% Basis Point Spread Above Index SOFR+6362024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% North Haven Saints Equity Holdings, LP Business Services2023-09-300001383414pnnt:PennantParkCloViiMember2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% FedHC InvestCo LP Aerospace and Defense One2023-09-300001383414us-gaap:EquityFundsMemberus-gaap:FairValueInputsLevel3Member2022-10-012023-03-310001383414pnnt:InvestmentsFairValueMemberpnnt:SubordinatedDebtOrCorporateNotesMember2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, ITI Holdings, Inc. - Revolver One, Maturity 03/03/2028, Industry Business Services2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% of Net Assets, Municipal Emergency Services, Inc. - Unfunded Term Loan A Maturity 12/16/2024 Distribution2023-10-012024-03-310001383414Related Party PSLF Issuer Name System Planning and Analysis, Inc. (f/k/a Management Consulting & Research, LLC) Maturity 8/16/2027 Aerospace and Defense Current Coupon 11.08% Basis Point Spread Above Index SOFR+5752023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% Affinion Group Holdings, Inc. (Warrants) Maturity 04/10/2024 Consumer Products2022-10-012023-09-300001383414us-gaap:InvestmentAffiliatedIssuerNoncontrolledMember2022-10-012023-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Infolinks Media Buyco, LLC Maturity 11/01/2026 Media Current Coupon 11.17% Basis Point Spread Above Index 1M SOFR+5852023-09-300001383414us-gaap:EquityFundsMemberus-gaap:FairValueInputsLevel2Member2024-03-310001383414Investments in Controlled, Affiliated Portfolio Companies—64.7% Common Equity—21.3% PennantPark Senior Loan Fund, LLC Financial Services2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Pragmatic Institute, LLC - Revolver Maturity 07/06/2028 Business Services Current Coupon 11.08% Basis Point Spread Above Index 3M SOFR+5752023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Preferred Equity/Partnership Interests—2.6% Ad.net Holdings, Inc. Media2022-10-012023-09-300001383414Non-Affiliated Investments2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Any Hour Services Maturity 07/21/2027 Personal, Food and Miscellaneous Services Current Coupon 11.00% Basis Point Spread Above Index 3M SOFR+5852024-03-310001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Alpine Acquisition Corp II Maturity 11/30/2026 Industry Containers, Packaging and Glass Current Coupon 11.26% Basis Point Spread Above Index SOFR+6002023-09-300001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Infinity Home Services Holdco, Inc. Maturity 12/28/2028 Industry Personal, Food and Miscellaneous Services Current Coupon 12.24% Basis Point Spread Above Index SOFR+6852022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% QuantiTech InvestCo II LP Aerospace and Defense2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% PennantPark-TSO Senior Loan Fund II, LP Financial Services2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% BioDerm, Inc. Healthcare, Education and Childcare2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, ITI Holdings, Inc. - Revolver One, Maturity 03/03/2028, Industry Business Services2023-10-012024-03-310001383414Investments in Controlled, Affiliated Portfolio Companies—43.0% Subordinated Debt—20.4% PennantPark Senior Loan Fund, LLC Maturity 07/31/2027 Financial Services Current Coupon 13.37% Basis Point Spread Above Index 3M L+8002023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% Lariat ecoserv Co-Invest Holdings, LLC Environmental Services2022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Graffiti Buyer, Inc. (Revolver) Maturity 08/10/2027 Distribution Current Coupon 11.77% Basis Point Spread Above Index 3M L+5602022-10-012023-09-300001383414pnnt:BuildingMaterialsMember2024-03-310001383414pnnt:DebtInvestmentsMemberus-gaap:FairValueInputsLevel2Member2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, Gauge Schlesinger Coinvest, LLC (TVC Enterprises, LLC), Industry Business Services2024-03-310001383414pnnt:AerospaceAndDefenseMember2023-09-300001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name Holdco Sands Intermediate, LLC Maturity 11/23/2028 Industry Aerospace and Defense Current Coupon 11.33% Basis Point Spread Above Index SOFR+6002024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Preferred Equity/Partnership Interests—2.6% ORL Holdco, Inc. Business Services2022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Second Lien Secured Debt—12.7% Burgess Point Purchaser Corporation Maturity 07/28/2030 Auto Sector Current Coupon 14.43% Basis Point Spread Above Index 3M SOFR+9102023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Quantic Electronics, LLC (Revolver) Maturity 11/19/2026 Aerospace and Defense Current Coupon 11.74% Basis Point Spread Above Index 3M SOFR+6352022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% Magnolia Topco LP - Class A Common Equity Auto Sector2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Common Equity/Partnership Interests/Warrants—24.7% TPC Holding Company, LP Food2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, Kinetic Purchaser, LLC, Industry Consumer Products2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, Carisk Parent, L.P. - Common Equity, Healthcare, Education and Childcare2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, AMCSI Crash Co-Invest, LP, Industry Auto Sector2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, Kinetic Purchaser, LLC - Revolver, Maturity 11/10/2026, Industry Consumer Products2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Compex Legal Services, Inc. (Revolver) Maturity 02/07/2025 Business Services 2024-03-310001383414us-gaap:EquityFundsMemberus-gaap:FairValueInputsLevel3Member2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Urology Management Holdings, Inc. - Unfunded Term Loan Maturity 05/27/2024 Healthcare , Education and Childcare2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, Megawatt Acquisitionco, Inc., Unfunded Revolver Maturity 03/01/2030, Industry Electronics2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% of Net Assets, ORL Acquisition, Inc. Maturity 09/3/2027 Business Services Current Coupon 14.70% (PIK 2.0%) Basis Point Spread Above Index 3M SOFR+7402024-03-310001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name NORA Acquisition, LLC Maturity 08/31/2029 Industry Healthcare, Education and Childcare, Current Coupon 11.68% Basis Point Spread Above Index SOFR+6352023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, Infinity Home Services Holdco, Inc. - 1st Amendment Unfunded Term Loan, Maturity 11/17/2025, Industry Personal, Food and Miscellaneous Services2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Pragmatic Institute, LLC Maturity 07/06/2028 Business Services Current Coupon 11.09% Basis Point Spread Above Index 3M SOFR+5752023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Subordinated Debt/Corporate Notes—10.7% Flock Financial, LLC Maturity 05/26/2027 Financial Services Current Coupon 14.50%2022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% LJ Avalon, LP Environmental Services2023-09-300001383414us-gaap:FairValueInputsLevel1Memberus-gaap:EquityFundsMember2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Riverpoint Medical, LLC (Revolver) Maturity 06/20/2025 Healthcare, Education and Childcare Current Coupon 10.42% Basis Point Spread Above Index 3M SOFR+5102023-09-300001383414pnnt:MachineryMember2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% IHS Parent Holdngs, L.P. Personal, Food and Miscellaneous Services2022-10-012023-09-300001383414Investments in Controlled, Affiliated Portfolio Companies—43.0% First Lien Secured Debt—9.8% AKW Holdings Limited Maturity 3/15/2027 Industry Healthcare, Education and Childcare Current Coupon 12.21% Basis Point Spread Above Index 3M L+7002022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, Ledge Lounger, Inc., Maturity 11/09/2026, Industry Consumer Products, Current Coupon 11.96%, Basis Point Spread Above Index 3M SOFR+6652023-10-012024-03-310001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name A1 Garage Merger Sub, LLC Maturity 12/22/2028 Industry Personal, Food and Miscellaneous Services Current Coupon 11.84% Basis Point Spread Above Index SOFR+6502022-10-012023-09-300001383414Related Party PSLF Total Investments 770.3%2024-03-310001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Applied Technical Services, LLC - Unfunded Term Loan Maturity 12/29/2026 Industry Environmental Services2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Riverpoint Medical, LLC - Revolver Maturity 06/20/2025 Healthcare , Education and Childcare Current Coupon 10.93% Basis Point Spread Above Index 3M SOFR+5102024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, GMP Hills, LP - Common Equity, Industry Distribution2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% ITI Holdings, Inc. (Revolver) Maturity 03/03/2028 Business Services Current Coupon 10.70% Basis Point Spread Above Index 1M SOFR+5602023-09-300001383414us-gaap:DomesticCountryMember2024-01-012024-03-310001383414srt:MaximumMemberpnnt:PennantParkSeniorLoanFundLLCMember2023-01-012023-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Preferred Equity/Partnership Interests—2.6% Cartessa Aesthetics, LLC Distribution2023-09-300001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name Cartessa Aesthetics, LLC Maturity 6/14/2028 Industry Distribution Current Coupon 11.06% Basis Point Spread Above Index SOFR+5752024-03-310001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Lightspeed Buyer Inc. Maturity 2/3/2026 Industry Healthcare, Education and Childcare Current Coupon 10.67% Basis Point Spread Above Index SOFR+5752022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Preferred Equity/Partnership Interests—2.6% NXOF Holdings, Inc. (Tyto Athene, LLC) Aerospace and Defense2023-09-300001383414Net Assets—100.0%2024-03-310001383414Related Party PSLF Issuer Name Integrity Marketing Acquisition, LLC Maturity 8/27/2026 Industry Insurance Current Coupon 11.49% Basis Point Spread Above Index SOFR+5752023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% TWS Acquisition Corporation (Revolver) Maturity 06/16/2025 Education2023-10-012024-03-310001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Applied Technical Services, LLC Maturity 12/29/2026 Industry Environmental Services Current Coupon 11.51% Basis Point Spread Above Index SOFR+5752022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, Gauge Lash Coinvest LLC, Industry Consumer Products2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Lash OpCo, LLC Maturity 02/18/2027 Consumer Products Current Coupon 11.88% Basis Point Spread Above Index 1M SOFR+7002023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% Gauge Lash Coinvest LLC Consumer Products2023-09-300001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Signature Systems Holding Company Maturity 5/3/2024 Industry Chemicals, Plastics and Rubber Current Coupon 12.04% Basis Point Spread Above Index SOFR+6502023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Schlesinger Global, Inc. (Revolver) Maturity 07/14/2025 Business Services Current Coupon 12.52% (PIK 0.5%) Basis Point Spread Above Index 3M SOFR+7752022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Second Lien Secured Debt—12.7% Halo Buyer, Inc. Maturity 07/06/2026 Consumer Products Current Coupon 13.68% Basis Point Spread Above Index 1M SOFR+8352024-03-310001383414Investments in Non-Controlled, Affiliated Portfolio Companies—7.4% First Lien Secured Debt—2.0% Walker Edison Furniture Company LLC Maturity 03/01/2029 Home and Office Furnishings Current Coupon 0.00%2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% BioDerm, Inc. (Revolver) Maturity 01/31/2028 Healthcare, Education and Childcare2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Quantic Electronics, LLC - Unfunded Revolver Maturity 08/17/2026 Aerospace and Defense2023-10-012024-03-310001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name Ox Two, LLC (New Issue) Maturity 5/18/2026 Industry Distribution Current Coupon 11.82% Basis Point Spread Above Index SOFR+6512023-10-012024-03-310001383414us-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberus-gaap:PrivatePlacementMemberpnnt:PennantParkCloViiMemberpnnt:ClassBMember2023-07-260001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Any Hour Services (Revolver) Maturity 07/21/2027 Personal, Food and Miscellaneous Services2022-10-012023-09-300001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name Kinetic Purchaser, LLC Maturity 11/10/2027 Industry Consumer Products, Current Coupon 11.46% Basis Point Spread Above Index SOFR+6152024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Confluent Health, LLC Maturity 11/30/2028 Healthcare, Education and Childcare Current Coupon 12.82% Basis Point Spread Above Index 3M SOFR+7502022-10-012023-09-300001383414Related Party PSLF Issuer Name Sargent & Greenleaf Inc. Maturity 12/20/2024 Industry Electronics Current Coupon 12.93% Basis Point Spread Above Index SOFR+7502023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Big Top Holdings, LLC Maturity 02/07/2030 Manufacturing Basic Industry Current Coupon 11.56% Basis Point Spread Above Index 3M SOFR+6252024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Research Now Group, Inc. and Dynata, LLC Maturity 12/20/2024 Business Services Current Coupon 11.07% Basis Point Spread Above Index 3M SOFR+5762023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, LJ Avalon Holdings, LLC, Maturity 02/01/2030, Industry Environmental Services, Current Coupon 11.71%, Basis Point Spread Above Index 1M SOFR+6402023-10-012024-03-310001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name Amsive Holding Corporation (f/k/a Vision Purchaser Corporation) Maturity 6/10/2025 Industry Media Current Coupon 11.73% Basis Point Spread Above Index SOFR+6402023-10-012024-03-310001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name Hills Distribution, Inc Maturity 11/08/29 Industrial Distribution Current Coupon 11.32% Basis Point Spread Above Index SOFR+6002024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Integrated Data Services - Term Loan Maturity 08/01/2029 Business Services Current Coupon 11.87% Basis Point Spread Above Index 3M SOFR+6502023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Wildcat Buyerco, Inc. (Revolver) Maturity 02/27/2026 Electronics2022-10-012023-09-300001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name Carisk Buyer, Inc Maturity 11/30/2029 Industry Healthcare, Education and Childcare Current Coupon 11.08% Basis Point Spread Above Index SOFR+5752024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% ACP Falcon Buyer, Inc -Revolver Maturity 08/01/2029 Business Services2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Graffiti Buyer, Inc. Maturity 08/10/2023 Distribution Current Coupon 10.98% Basis Point Spread Above Index 3M SOFR+5602023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% Delta InvestCo LP (Sigma Defense Systems, LLC) Telecommunications2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Wildcat Buyerco, Inc (Revolver) Maturity 02/27/2027 Electronics2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, PennantPark-TSO Senior Loan Fund II, LP, Industry Financial Services2024-03-310001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name Graffiti Buyer, Inc. Maturity 08/10/2027 Industry Distribution Current Coupon 10.95% Basis Point Spread Above Index SOFR+5752024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% of Net Assets, Municipal Emergency Services, Inc. - Unfunded Term Loan A Maturity 12/16/2024 Distribution2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, Lash OpCo, LLC, Maturity 02/18/2027, Industry Consumer Products, Current Coupon 13.23% (PIK 0.5%) Basis Point Spread Above Index 1M SOFR+7002024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% MDI Buyer, Inc. Maturity 07/25/2028 Chemicals, Plastics and Rubber Current Coupon 11.27% Basis Point Spread Above Index 3M SOFR+6002023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, Graffiti Buyer, Inc., Maturity/Expiration 08/10/2027, Industry Distribution, Current Coupon 10.90%, Basis Point Spread Above Index 3M SOFR+5602024-03-310001383414pnnt:USGovernmentSecuritiesMemberus-gaap:FairValueInputsLevel2Member2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Tyto Athene, LLC (Revolver) Maturity 04/01/2026 Aerospace and Defense2023-09-300001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name Ox Two, LLC (New Issue) Maturity 5/18/2026 Industry Distribution Current Coupon 11.82% Basis Point Spread Above Index SOFR+6512024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Urology Management Holdings, Inc. - Unfunded Term Loan Maturity 05/27/2024 Healthcare , Education and Childcare2024-03-310001383414pnnt:DebtInvestmentsMemberus-gaap:FairValueInputsLevel3Member2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% NORA Acquisition, LLC (Revolver) Maturity 08/31/2029 Healthcare, Education and Childcare2023-09-300001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name ACP Avenu Buyer, LLC Maturity 10/02/2029 Industry Business Services Current Coupon 11.58% Basis Point Spread Above Index SOFR+6252023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, Hancock Claims Consultants Investors, LLC, Industry Insurance2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Berwick Industrial Park Maturity 05/02/2024 Buildings and Real Estate Current Coupon 11.50%2023-10-012024-03-310001383414Related Party PSLF Issuer Name Tyto Athene, LLC Maturity 4/3/2028 Industry Aerospace and Defense Current Coupon 10.98% Basis Point Spread Above Index SOFR+5502024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Reception Purchaser, LLC Maturity 02/28/2028 Transportation Current Coupon 11.54% Basis Point Spread Above Index 3M SOFR+6152023-09-300001383414us-gaap:InvestmentAffiliatedIssuerControlledMemberpnnt:PennantParkSeniorLoanFundLLCMember2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% EDS Buyer, LLC - Unfunded Term Loan Maturity 12/22/2028 Aerospace and Defense 2023-10-012024-03-310001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name LJ Avalon Holdings, LLC Maturity 1/31/2030 Industry Environmental Services Current Coupon 11.77% Basis Point Spread Above Index SOFR+6652022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Aeronix, Inc. - Revolver Maturity 12/12/2028 Aerospace and Defense Current Coupon 10.81% Basis Point Spread Above Index 3M SOFR+5502023-10-012024-03-310001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Recteq, LLC Maturity 1/29/2026 Industry Consumer Products Current Coupon 12.54% Basis Point Spread Above Index SOFR+7002022-10-012023-09-300001383414Investments in Controlled, Affiliated Portfolio Companies—43.0% First Lien Secured Debt—9.8% AKW Holdings Limited Maturity 3/15/2027 Industry Healthcare, Education and Childcare Current Coupon 12.21% Basis Point Spread Above Index 3M L+7002023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Sales Benchmark Index LLC - Revolver Maturity 01/03/2025 Business Services2023-10-012024-03-310001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name K2 Pure Solutions NoCal, L.P. Maturity 12/20/2023 Industry Chemicals, Plastics and Rubber Current Coupon 13.42% Basis Point Spread Above Index SOFR+8002022-10-012023-09-300001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name Five Star Buyer, Inc. Maturity 02/23/2028 Industry Hotels, Motels, Inns and Gaming Current Coupon 12.46% Basis Point Spread Above Index SOFR+7002024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, Meadowlark Acquirer, LLC, Maturity 12/10/2027, Industry Business Services, Current Coupon 11.20%, Basis Point Spread Above Index 3M SOFR+5652023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Second Lien Secured Debt—12.7% QuantiTech LLC Maturity 02/04/2027 Aerospace and Defense Current Coupon 15.43% Basis Point Spread Above Index 3M SOFR+10102024-03-310001383414pnnt:SeniorSecuritiesMember2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% The Bluebird Group LLC Maturity 07/27/2026 Business Services Current Coupon 12.79% Basis Point Spread Above Index 3M SOFR+7402022-10-012023-09-300001383414Related Party PSLF Issuer Name Wildcat Buyerco, Inc. Maturity 2/27/2027 Industry Electronics Current Coupon 11.06% Basis Point Spread Above Index SOFR+5752024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% Gauge Schlesinger Coinvest, LLC Business Services2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Subordinated Debt/Corporate Notes—10.7% Express Wash Acquisition Company, LLC Maturity 01/15/2029 Auto Sector Current Coupon 15.15% Basis Point Spread Above Index 3M SOFR+9762022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% System Planning and Analysis, Inc. - (Revolver) (f/k/a Management Consulting & Research, LLC) Maturity 08/16/2027 Aerospace and Defense2023-09-300001383414pnnt:SubordinatedNotesInPSLFMemberpnnt:InvestmentsCostMember2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% LSF9 Atlantis Holdings, LLC Maturity 03/31/2029 Retail Current Coupon 12.64% Basis Point Spread Above Index 3M SOFR+7252023-09-300001383414pnnt:DistributionMember2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% CF512, Inc. Maturity 08/20/2026 Media Current Coupon 11.59% Basis Point Spread Above Index 3M SOFR+6002022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Sigma Defense Systems, LLC Maturity 12/18/2027 Telecommunications Current Coupon 12.46% Basis Point Spread Above Index 1M SOFR+7152023-10-012024-03-310001383414us-gaap:FairValueInputsLevel3Memberpnnt:ValuationTechniqueMarketComparableMemberpnnt:MeasurementInputMarketYieldMemberpnnt:SecondLienMembersrt:WeightedAverageMember2024-03-310001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name PL Acquisitionco, LLC Maturity 11/9/2027 Industry Retail Current Coupon 12.43% Basis Point Spread Above Index SOFR+7102024-03-310001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Holdco Sands Intermediate, LLC Maturity 11/23/2028 Industry Aerospace and Defense Current Coupon 11.32% Basis Point Spread Above Index SOFR+6002023-09-300001383414Investments in Controlled, Affiliated Portfolio Companies—64.7% Second Lien Secured Debt—0.0% of Net Assets2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% A1 Garage Merger Sub, LLC (Revolver) Maturity 12/22/2028 Personal, Food and Miscellaneous Services2022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—178.4% First Lien Secured Debt—113.1% Applied Technical Services, LLC Maturity 12/29/2026 Environmental Services Current Coupon 11.20% Basis Point Spread Above Index 3M SOFR+5852023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8%2024-03-310001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name Mars Acquisition Holdings Corp. Maturity 5/14/2026 Industry Media Current Coupon 10.96% Basis Point Spread Above Index SOFR+5652024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Common Equity/Partnership Interests/Warrants—24.7% SSC Dominion Holdings, LLC Class B (US Dominion, Inc.) Electronics2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Graffiti Buyer, Inc. Maturity 08/10/2023 Distribution2022-10-012023-09-300001383414Investment, Identifier [Axis]: Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Schlesinger Global, Inc. – Revolver Maturity 07/14/2025 Business Services Current Coupon 12.43% (PIK 5.6%) Basis Point Spread Above Index 3M SOFR+7152023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% LJ Avalon Holdings, LLC - Unfunded Term Loan Maturity 07/31/2024 Environmental Services2022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Anteriad, LLC (f/k/a MeritDirect, LLC) - Revolver Maturity 06/30/2026 Media2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Beta Plus Technologies, Inc. Maturity 07/01/2029 Business Services Current Coupon 11.14% Basis Point Spread Above Index 3M SOFR+5752023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% CF512, Inc. Maturity 08/20/2026 Media Current Coupon 11.59% Basis Point Spread Above Index 3M SOFR+6002023-09-3000013834142017-12-312017-12-310001383414us-gaap:FairValueInputsLevel3Member2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Rural Sourcing Holdings, Inc. - Unfunded Term Loan Maturity 06/15/2029 Business Services2023-09-300001383414 Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% of Net Assets2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Sales Benchmark Index LLC - Revolver Maturity 01/03/2025 Business Services2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Schlesinger Global, Inc. – Revolver Maturity 07/14/2025 Business Services2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, Graffiti Buyer, Inc. - Revolver, Maturity/Expiration 08/10/2027, Industry Distribution, Current Coupon 10.93%, Basis Point Spread Above Index 3M SOFR+5602023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Recteq, LLC (Revolver) Maturity 01/29/2026 Consumer Products2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% ORL Acquisition, Inc. Maturity 09/03/2027 Business Services Current Coupon 12.84% Basis Point Spread Above Index 3M SOFR+7252023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Infinity Home Services Holdco, Inc.- Unfunded Term Loan Maturity 12/28/2023 Personal, Food and Miscellaneous Services2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, FedHC InvestCo II LP, Industry Aerospace and Defense2024-03-310001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Cartessa Aesthetics, LLC Maturity 6/14/2028 Industry Distribution Current Coupon 11.39% Basis Point Spread Above Index SOFR+6002023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Spendmend Holdings LLC - (Revolver) Maturity 03/01/2028 Business Services2022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, MOREGroup Holdings, Inc. Maturity 01/16/2030, Industry Business Services, Current Coupon 11.08%, Basis Point Spread Above Index 3M SOFR+5902024-03-310001383414 Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% Five Star Parent Holdings, LLC Leisure, Amusement, Motion Pictures, Entertainment2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Rancho Health MSO, Inc. - Unfunded Term Loan Maturity 12/18/2025 Healthcare, Education and Childcare2022-10-012023-09-300001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name Recteq, LLC Maturity 1/29/2026 Industry Consumer Products Current Coupon 12.46% Basis Point Spread Above Index SOFR+7152024-03-310001383414Related Party PSLF Issuer Name Simplicity Financial Marketing Group Holdings, Inc Maturity 12/2/2026 Industry Banking, Finance, Insurance & Real Estate Current Coupon 11.70% Basis Point Spread Above Index SOFR+6402023-10-012024-03-310001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Apex Service Partners, LLC Term Loan C Maturity 7/31/2025 Industry Personal, Food and Miscellaneous Services Current Coupon 10.76% Basis Point Spread Above Index SOFR+5252022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% ACP Avenu Buyer, LLC - Revolver Maturity 10/02/2029 Business Services2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, Pink Lily Holdco, LLC, Industry Retail2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% Ocean Sound Discovery Equity, LP (Holdco Sands Intermediate, LLC) Aerospace and Defense2022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% IHS Parent Holdngs, L.P. Personal, Food and Miscellaneous Services2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% WCP Ivyrehab QP CF Feeder, LP Healthcare, Education and Childcare2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% North Haven Saints Equity Holdings, LP Business Services2022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Compex Legal Services, Inc. (Revolver) Maturity 02/07/2025 Business Services Current Coupon 10.87% Basis Point Spread Above Index 3M SOFR+5552023-10-012024-03-310001383414Cash and Cash Equivalents—7.7% of Net Assets2023-09-300001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name DRI Holding Inc. Maturity 12/21/2028 Industry Media Current Coupon 10.67% Basis Point Spread Above Index SOFR+5252023-09-300001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name Bioderm, Inc. Maturity 1/31/2028 Industry Healthcare, Education and Childcare Current Coupon 11.82% Basis Point Spread Above Index SOFR+6502023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Common Equity/Partnership Interests/Warrants—24.7% SP L2 Holdings, LLC Consumer Products2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Seaway Buyer, LLC Maturity 06/13/2029 Chemicals, Plastics and Rubber Current Coupon 11.46% Basis Point Spread Above Index 3M SOFR+6152024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Seaway Buyer, LLC (Revolver) Maturity 06/13/2029 Chemicals, Plastics and Rubber Current Coupon 11.54% Basis Point Spread Above Index 3M SOFR+6052023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% Meadowlark Title, LLC Business Services2023-09-300001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name MBS Holdings, Inc. Maturity 4/16/2027 Industry Telecommunications Current Coupon 11.22% Basis Point Spread Above Index SOFR+5752023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Second Lien Secured Debt—113.1% Wildcat Buyerco, Inc. LLC Maturity 02/27/2027 Electronics Current Coupon 11.06% Basis Point Spread Above Index 3M SOFR+5752024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Infinity Home Services Holdco, Inc. Maturity 12/28/2028 Personal, Food and Miscellaneous Services Current Coupon 12.24% Basis Point Spread Above Index 3M SOFR+6852023-09-300001383414Related Party PSLF Issuer Name TCG 3.0 Jogger Acquisitionco, Inc. Maturity 1/23/2029 Media Current Coupon 11.81% Basis Point Spread Above Index SOFR+6502023-10-012024-03-310001383414pnnt:InvestmentsCostMember2024-03-310001383414Non-controlled Investments2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% TAC LifePort Holdings, LLC Aerospace and Defense2022-10-012023-09-300001383414pnnt:InvestmentsFairValueMemberpnnt:FirstLienMember2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% The TransGo, LLC Revolver Maturity 12/29/2028 Machinery 2024-03-310001383414pnnt:ClassCMemberus-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberus-gaap:PrivatePlacementMemberpnnt:PennantParkCloViiMember2023-07-260001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% WCP Ivyrehab QP CF Feeder, LP Healthcare, Education and Childcare2022-10-012023-09-300001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Teneo Holdings LLC Maturity 7/18/2025 Industry Financial Services Current Coupon 10.67% Basis Point Spread Above Index SOFR+5252023-09-300001383414us-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:FairValueInputsLevel3Memberpnnt:ValuationTechniqueEnterpriseMarketValueMemberus-gaap:EquityMethodInvestmentsMember2024-03-310001383414us-gaap:InvestmentAffiliatedIssuerControlledMember2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Pequod Merger Sub, Inc. - Unfunded Term Loan Maturity 12/02/2026 Financial Services2023-09-300001383414Investments in Controlled, Affiliated Portfolio Companies—64.7% Common Equity—21.3% AKW Holdings Limited Healthcare, Education and Childcare2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% CF512, Inc. Maturity 08/20/2026 Media Current Coupon 11.52% Basis Point Spread Above Index 3M SOFR+6192023-10-012024-03-310001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name Inception Fertility Ventures, LLC Maturity 12/31/2024 Industry Healthcare, Education and Childcare Current Coupon 12.64% Basis Point Spread Above Index SOFR+7152024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% EDS Topco, LP Aerospace and Defense2022-10-012023-09-300001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Apex Service Partners, LLC Maturity 7/31/2025 Industry Personal, Food and Miscellaneous Services Current Coupon 10.52% Basis Point Spread Above Index SOFR+5252023-09-300001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Lightspeed Buyer Inc. Maturity 2/3/2026 Industry Healthcare, Education and Childcare Current Coupon 10.67% Basis Point Spread Above Index SOFR+5752023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Crane 1 Services, Inc. (Revolver) Maturity 08/16/2027 Personal, Food and Miscellaneous Services Current Coupon 10.81% Basis Point Spread Above Index 3M SOFR+5012023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, Hancock Roofing and Construction L.L.C., Maturity 12/31/2026, Industry Insurance, Current Coupon 10.93%, Basis Point Spread Above Index 1M SOFR+5602024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% ETE Intermediate II, LLC (Revolver) Maturity 05/25/2029 Personal, Food and Miscellaneous Services 2024-03-310001383414us-gaap:DomesticCountryMember2023-10-012024-03-310001383414pnnt:NonControlledNonAffiliatedInvestmentsMember2024-01-012024-03-310001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Research Now Group, LLC and Dynata, LLC Maturity 12/20/2024 Industry Business Services Current Coupon 11.13% Basis Point Spread Above Index SOFR+5502022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, Lash OpCo, LLC, Maturity 02/18/2027, Industry Consumer Products, Current Coupon 13.23%, (PIK 5.1%) Basis Point Spread Above Index 1M SOFR+7002023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Blackhawk Industrial Distribution, Inc. Maturity 09/17/2026 Distribution Current Coupon 11.79% Basis Point Spread Above Index 3M SOFR+6402022-10-012023-09-300001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Exigo Intermediate II, LLC Maturity 3/15/2027 Industry Business Services Current Coupon 11.17% Basis Point Spread Above Index SOFR+5752022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Mars Acquisition Holdings Corp. Maturity 05/14/2026 Media Current Coupon 11.04% Basis Point Spread Above Index 3M SOFR+5652023-12-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% EDS Buyer, LLC - (Revolver) Maturity 12/22/2028 Aerospace and Defense2022-10-012023-09-300001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name Radius Aerospace, Inc. Maturity 3/31/2025 Industry Aerospace and Defense Current Coupon 11.20% Basis Point Spread Above Index SOFR+5752023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Common Equity/Partnership Interests/Warrants—24.7% ACP Big Top Holdings, L.P. - Common Equity Manufacturing/Basic Industry2024-03-310001383414pnnt:TwoThousandAndTwentySixNotesPayableMember2023-10-012023-12-3100013834142023-10-012023-12-310001383414 Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% of Net Assets, Omnia Exterior Solutions, LLC - Unfunded Term Loan Maturity 05/01/2024 Diversified Conglomerate Service2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, Consello Pacific Aggregator, LLC, Industry Business Services2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Preferred Equity/Partnership Interests—2.6% TWD Parent Holdings, LLC Business Services2022-10-012023-09-300001383414us-gaap:FairValueInputsLevel3Memberpnnt:ValuationTechniqueMarketComparableMemberpnnt:MeasurementInputMarketYieldMemberpnnt:TruistCreditFacilityMember2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, Municipal Emergency Services, Inc - Unfunded Term Loan B Maturity 12/16/2024 Distribution2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Rural Sourcing Holdings, Inc. – Revolver Maturity 06/15/2029 Business Services2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Preferred Equity/Partnership Interests—2.6% PL Acquisition co, LLC - Preferred Equity Business Services Retail2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Aeronix, Inc. - Revolver Maturity 12/12/2028 Aerospace and Defense Current Coupon 10.81% Basis Point Spread Above Index 3M SOFR+5502024-03-310001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Neptune Flood Incorporated Maturity 05/09/2029 Industry Financial Services, Current Coupon 11.97% Basis Point Spread Above Index SOFR+6602023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% of Net Assets, OSP Embedded Purchaser, LLC - Revolver Maturity 12/15/2029 Aerospace and Defense2023-10-012024-03-310001383414Investments in Controlled, Affiliated Portfolio Companies—64.7% of Net Assets2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, Municipal Emergency Services, Inc. - Revolver Maturity 09/28/2027 Distribution2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Subordinated Debt/Corporate Notes—9.8% Express Wash Acquisition Company, LLC Maturity 01/15/2029 Auto Sector Current Coupon 15.07% Basis Point Spread Above Index 3M SOFR+9762023-10-012024-03-310001383414us-gaap:FairValueMeasuredAtNetAssetValuePerShareMemberpnnt:TwoThousandAndTwentySixNotesMember2024-03-310001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name CF512, Inc. Maturity 8/20/2026 Industry Media Current Coupon 11.60% Basis Point Spread Above Index SOFR+6002023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Exigo Intermediate II, LLC (Revolver) Maturity 03/15/2027 Business Services2022-10-012023-09-300001383414srt:MaximumMemberpnnt:PennantParkSeniorLoanFundLLCMember2022-10-012023-03-310001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name MBS Holdings, Inc. Maturity 4/16/2027 Industry Telecommunications Current Coupon 11.26% Basis Point Spread Above Index SOFR+5852024-03-310001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Meadowlark Acquirer, LLC Maturity 12/10/2027 Industry Business Services Current Coupon 10.58% Basis Point Spread Above Index SOFR+5502022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% EDS Buyer, LLC Maturity 12/22/2028 Aerospace and Defense Current Coupon 11.56% Basis Point Spread Above Index 3M SOFR+6252024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% of Net Assets, Ox Two, LLC Maturity 05/18/2026 Building Materials Current Coupon 11.82% Basis Point Spread Above Index 1M SOFR+7512023-10-012024-03-310001383414srt:MaximumMemberus-gaap:FairValueInputsLevel3Memberpnnt:ValuationTechniqueMarketComparableMemberpnnt:MeasurementInputMarketYieldMemberpnnt:SecondLienMember2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Common Equity/Partnership Interests/Warrants—24.7% SBI Holdings Investments LLC (Sales Benchmark Index LLC) Business Services2024-03-310001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name AFC - Dell Holding Corp Maturity 04/09/2027 Industry Distribution Current Coupon 11.74% Basis Point Spread Above Index SOFR+6252023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Preferred Equity/Partnership Interests—2.6% Ad.net Holdings, Inc. Media2024-03-310001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Sales Benchmark Index LLC Maturity 1/3/2025 Industry Business Services Current Coupon 11.59% Basis Point Spread Above Index SOFR+6002022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% TWS Acquisition Corporation (Revolver) Maturity 06/16/2025 Education2023-09-300001383414Related Party PSLF Members Equity - 100%2024-03-310001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name DRI Holding Inc. Maturity 12/21/2028 Industry Media Current Coupon 10.68% Basis Point Spread Above Index SOFR+5252024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% of Net Assets, Municipal Emergency Services, Inc Maturity 09/28/2027 Distribution Current Coupon 10.48% Basis Point Spread Above Index 3M SOFR+5152023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, Lariat ecoserv Co-Invest Holdings, LLC, Industry Environmental Services2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, MOREGroup Holdings, Inc. Unfunded Revolver Maturity 01/16/2030, Industry Business Services2023-10-012024-03-310001383414srt:MaximumMemberus-gaap:InvestmentAffiliatedIssuerControlledMember2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Spendmend Holdings LLC Maturity 03/01/2025 Business Services2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Anteriad, LLC (f/k/a MeritDirect, LLC) Maturity 06/30/2026 Media Current Coupon 11.23% Basis Point Spread Above Index 3M SOFR+5752023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Infolinks Media Buyco, LLC Maturity 11/01/2023 Media2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Infolinks Media Buyco, LLC Maturity 11/01/2026 Media Current Coupon 11.17% Basis Point Spread Above Index 1M SOFR+5852022-10-012023-09-300001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name AFC - Dell Holding Corp Maturity 04/09/2027 Industry Distribution Current Coupon 11.74% Basis Point Spread Above Index SOFR+6252024-03-310001383414pnnt:TelecommunicationsMember2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Big Top Holdings, LLC - Unfunded Revolver Maturity 02/07/2030 Manufacturing Basic Industry Current Coupon 0.00%2024-03-310001383414Investments in Controlled, Affiliated Portfolio Companies—43.0% Subordinated Debt—20.4%2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, Delta InvestCo LP (Sigma Defense Systems, LLC), Industry Telecommunications2024-03-310001383414pnnt:SeniorSecuredRevolvingCreditFacilityMemberpnnt:PennantParkSeniorLoanFundLLCMembersrt:SubsidiariesMember2022-02-090001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Apex Service Partners, LLC Term Loan B Maturity 7/31/2025 Industry Personal, Food and Miscellaneous Services Current Coupon 11.11% Basis Point Spread Above Index SOFR+550 One2023-09-300001383414pnnt:TwoThousandTwentySixNotesPayableMember2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Spendmend Holdings LLC Maturity 03/01/2028 Business Services Current Coupon 11.04% Basis Point Spread Above Index 1M SOFR+5652023-09-300001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name Burgess Point Purchaser Corporation Maturity 09/26/2029 Industry Auto Sector Current Coupon 10.68% Basis Point Spread Above Index SOFR+5352024-03-310001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name MAG DS Corp. Maturity 4/1/2027 Industry Aerospace and Defense Current Coupon 10.95% Basis Point Spread Above Index SOFR+5502024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, MDI Aggregator, LP, Inc., Industry Chemicals, Plastics and Rubber2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Graffiti Buyer, Inc. Maturity 08/10/2023 Distribution2023-09-300001383414us-gaap:FairValueInputsLevel2Member2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, Mars Acquisition Holdings Corp., Maturity 05/14/2026, Industry Media, Current Coupon 10.96%, Basis Point Spread Above Index 3M SOFR+5652023-10-012024-03-310001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name EDS Buyer, LLC Maturity 1/10/2029 Industry Aerospace and Defense Current Coupon 11.56% Basis Point Spread Above Index SOFR+6252024-03-310001383414Related Party PSLF Liabilities in Excess of Other Assets — (741.3)%2023-09-300001383414pnnt:PennantParkSeniorLoanFundLLCMember2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Applied Technical Services, LLC (Revolver) Maturity 12/29/2026 Environmental Services2022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Carnegie Dartlet, LLC Maturity 02/07/2030 Education Current Coupon 10.83% Basis Point Spread Above Index 3M SOFR+5502023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% The Bluebird Group LLC Maturity 07/27/2026 Business Services Current Coupon 12.79% Basis Point Spread Above Index 3M SOFR+7402023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Aeronix, Inc. - Revolver Maturity 12/12/2028 Aerospace and Defense2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Rancho Health MSO, Inc. Maturity 12/18/2025 Healthcare, Education and Childcare Current Coupon 10.92% Basis Point Spread Above Index 3M SOFR+5852024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Integrity Marketing Acquisition, LLC Maturity 08/27/2026 Insurance Current Coupon 11.41% Basis Point Spread Above Index 3M SOFR+6152022-10-012023-09-300001383414pnnt:TwoThousandAndTwentySixNotesTwoMember2023-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Compex Legal Services, Inc. Maturity 02/09/2026 Business Services Current Coupon 10.92% Basis Point Spread Above Index 3M SOFR+5552023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Sigma Defense Systems, LLC Maturity 12/18/2025 Telecommunications Current Coupon 14.04% Basis Point Spread Above Index 3M SOFR+8652022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Arcfield Acquisition Corp. (Revolver) Maturity 08/04/2028 Aerospace and Defense2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% TCG 3.0 Jogger Acquisitionco, Inc. Maturity 1/26/2029 Media Current Coupon 11.83% Basis Point Spread Above Index 3M SOFR +6502023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% QuantiTech InvestCo LP Aerospace and Defense One2023-09-300001383414Investments in Non-Controlled, Affiliated Portfolio Companies—10.9% Common Equity/Partnership Interests/Warrants—2.4% Cascade Environmental Holdings, LLC Environmental Services2022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% Ocean Sound Discovery Equity, LP (Holdco Sands Intermediate, LLC) Aerospace and Defense2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Preferred Equity/Partnership Interests—2.6% Cartessa Aesthetics, LLC Distribution2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Common Equity/Partnership Interests/Warrants—24.7% Tower Arch Infolinks Media, LP Media 12023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% The Vertex Companies, LLC (Revolver) Maturity 08/30/2027 Business Services2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Infinity Home Services Holdco, Inc.(Revolver) Maturity 12/28/2028 Personal, Food and Miscellaneous Services2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Sigma Defense Systems, LLC (Revolver) Maturity 12/18/2025 Telecommunications2023-09-300001383414pnnt:PennantParkSeniorLoanFundLLCMember2023-09-300001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Lash OpCo, LLC Maturity 2/18/2027 Industry Consumer Products Current Coupon 12.13% Basis Point Spread Above Index SOFR+7002022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Recteq, LLC - Unfunded Revolver Maturity 01/29/2026 Consumer Products Current Coupon 11.80% Basis Point Spread Above Index 3M SOFR+5852024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% Delta InvestCo LP (Sigma Defense Systems, LLC) Telecommunications2022-10-012023-09-300001383414Investments in Controlled, Affiliated Portfolio Companies—43.0% Common Equity—12.8% MSpark, LLC Printing and Publishing2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, Infogroup Parent Holdings, Inc. (Data Axle, Inc.), Industry Other Media2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, Loving Tan Intermediate II, Inc. - Revolver One, Maturity 05/31/2028, Industry Consumer Products2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Loving Tan Intermediate II, Inc. (Revolver) Maturity 05/31/2028 Consumer Products Current Coupon 12.39% Basis Point Spread Above Index 3M SOFR+7002023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Five Star Buyer, Inc. Maturity 02/23/2028 Leisure, Amusement, Motion Pictures, Entertainment Current Coupon 12.43 Basis Point Spread Above Index 3M SOFR+7102024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Solutionreach, Inc. - Revolver Maturity 07/17/2025 Communications2023-10-012024-03-310001383414Related Party PSLF Issuer Name System Planning and Analysis, Inc. (f/k/a Management Consulting & Research, LLC) Maturity 8/16/2027 Aerospace and Defense Current Coupon 11.08% Basis Point Spread Above Index SOFR+5752024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Zips Car Wash, LLC Maturity 03/01/2024 Auto Sector Current Coupon 12.67% Basis Point Spread Above Index 1M SOFR+7352022-10-012023-09-300001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Five Star Buyer, Inc. Maturity 2/23/2028 Industry Hotels, Motels, Inns and Gaming Current Coupon 12.43% Basis Point Spread Above Index SOFR+7002022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Preferred Equity/Partnership Interests—2.6% PL Acquisition co, LLC - Preferred Equity Business Services Retail2024-03-310001383414us-gaap:FairValueMeasuredAtNetAssetValuePerShareMemberpnnt:TwoThousandAndTwentySixNotesTwoMember2024-03-310001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name Omnia Exterior Solutions, LLC Maturity 12/29/2029 Industry Diversified Conglomerate Service Current Coupon 10.80% Basis Point Spread Above Index SOFR+5502023-10-012024-03-3100013834142023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Questex, LLC (Revolver) Maturity 09/09/2024 Media2023-09-300001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name Owl Acquisition, LLC Maturity 2/4/2028 Industry Education Current Coupon 10.68% Basis Point Spread Above Index SOFR+5352024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, HV Watterson Holdings, LLC, Industry Business Services2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% Icon Partners V C, L.P. Business Services One2022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Shiftkey, LLC Maturity 06/21/2027 Business Services Current Coupon 11.40% Basis Point Spread Above Index 3M SOFR+6012023-09-300001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name ETE Intermediate II, LLC Maturity 5/29/2029 Industry Personal, Food and Miscellaneous Services Current Coupon 11.89% Basis Point Spread Above Index SOFR+6502022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Holdco Sands Intermediate, LLC(Revolver) Maturity 11/23/2027 Aerospace and Defense2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Recteq, LLC - Unfunded Revolver Maturity 01/29/2026 Consumer Products Current Coupon 11.80% Basis Point Spread Above Index 3M SOFR+5852023-10-012024-03-310001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Solutionreach, Inc. Maturity 7/17/2025 Industry Communication Current Coupon 12.37% Basis Point Spread Above Index SOFR+7002022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% A1 Garage Merger Sub, LLC - Unfunded Term Loan Maturity 12/21/2024 Personal, Food and Miscellaneous Services2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, Municipal Emergency Services, Inc. - Revolver Maturity 09/28/2027 Distribution2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% HW Holdco, LLC(Revolver) Maturity 12/10/2024 Media2022-10-012023-09-300001383414Investments in Non-Controlled, Affiliated Portfolio Companies—7.4% First Lien Secured Debt—2.0% of Net Assets2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Blackhawk Industrial Distribution, Inc. Maturity 09/17/2026 Distribution Current Coupon 11.79% Basis Point Spread Above Index 3M SOFR+6402023-09-300001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name Infinity Home Services Holdco, Inc. Maturity 12/28/2028 Industry Personal, Food and Miscellaneous Services Current Coupon 12.16% Basis Point Spread Above Index SOFR+6852024-03-310001383414pnnt:TwoThousandTwentySixNotesPayableMember2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, Hancock Claims Consultants Investors, LLC, Industry Insurance2023-10-012024-03-310001383414us-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberpnnt:ClassDMemberus-gaap:PrivatePlacementMemberpnnt:PennantParkCloViiMember2023-07-260001383414Investments in Non-Controlled, Affiliated Portfolio Companies—7.4% Preferred Equity/Partnership Interests—5.4% Cascade Environmental Holdings, LLC - Series B Environmental Services2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Seaway Buyer, LLC - Revolver Maturity 06/13/2029 Chemicals, Plastics and Rubber Current Coupon 11.49% Basis Point Spread Above Index 3M SOFR+6152023-10-012024-03-310001383414srt:MaximumMemberus-gaap:FairValueInputsLevel3Memberpnnt:ValuationTechniqueMarketComparableMemberpnnt:SubordinatedDebtOrCorporateNotesMemberpnnt:MeasurementInputMarketYieldMember2024-03-310001383414pnnt:InvestmentAdministratorMember2023-01-012023-03-310001383414us-gaap:EquityFundsMemberus-gaap:FairValueInputsLevel3Member2023-03-310001383414Investments in Non-Controlled, Affiliated Portfolio Companies—10.9% Common Equity/Partnership Interests/Warrants—2.4% of Net Assets2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Second Lien Secured Debt—12.7% Halo Buyer, Inc. Maturity 07/06/2026 Consumer Products Current Coupon 13.68% Basis Point Spread Above Index 1M SOFR+8352023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% of Net Assets, Pacific Purchaser, LLC - Unfunded Term Loan Maturity 09/30/2028 Business Services2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% of Net Assets, NORA Acquisition, LLC Maturity 08/31/2029 Healthcare, Education and Childcare Current Coupon 11.68% Basis Point Spread Above Index 3M SOFR+6352024-03-310001383414us-gaap:FairValueInputsLevel3Memberpnnt:ValuationTechniqueMarketComparableMemberpnnt:MeasurementInputMarketYieldMemberpnnt:SecondLienMember2023-09-300001383414 Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% Atlas Investment Aggregator, LLC Telecommunications2022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Confluent Health, LLC Maturity 11/30/2028 Healthcare, Education and Childcare Current Coupon 12.83% Basis Point Spread Above Index 3M SOFR+7502024-03-310001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Blackhawk Industrial Distribution, Inc. Maturity 9/17/2024 Industry Distribution Current Coupon 11.79% Basis Point Spread Above Index SOFR+6252023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Five Star Buyer, Inc. Maturity 02/23/2028 Leisure, Amusement, Motion Pictures, Entertainment Current Coupon 12.42% Basis Point Spread Above Index 3M SOFR+7102022-10-012023-09-300001383414Investments in Non-Controlled, Affiliated Portfolio Companies—7.4%2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Second Lien Secured Debt—16.0% Best Practice Associates LLC Maturity 06/29/2027 Aerospace and Defense Current Coupon 14.54% Basis Point Spread Above Index 3M SOFR+9152022-10-012023-09-300001383414pnnt:SeniorSecuritiesMember2019-02-052019-02-050001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% The Vertex Companies, LLC (Revolver) Maturity 08/30/2027 Business Services Current Coupon 11.43% Basis Point Spread Above Index 3M SOFR +6102024-03-310001383414pnnt:PennantParkSeniorLoanFundLLCMember2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Preferred Equity/Partnership Interests—2.6% NXOF Holdings, Inc. (Tyto Athene, LLC) Aerospace and Defense2023-10-012024-03-310001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name Global Holdings InterCo LLC Maturity 03/16/2026 Industry Banking, Finance, Insurance & Real Estate Current Coupon 11.45% Basis Point Spread Above Index SOFR+6102023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% EDS Buyer, LLC - (Revolver) Maturity 12/22/2028 Aerospace and Defense2023-09-300001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name Connatix Buyer, Inc. Maturity 7/13/2027 Industry Media Current Coupon 11.09% Basis Point Spread Above Index SOFR+5762024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Rancho Health MSO, Inc. (Revolver) Maturity 12/18/2025 Healthcare, Education and Childcare2022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% UniVista Insurance Business Services2022-10-012023-09-300001383414Related Party PSLF Issuer Name TPC US Parent, LLC Maturity 11/24/2025 Industry Food Current Coupon 10.98% Basis Point Spread Above Index SOFR+5502024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Carnegie Dartlet, LLC Funded Revolver Maturity 02/07/2030 Education Current Coupon 10.80% Basis Point Spread Above Index 3M SOFR+5502023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Subordinated Debt/Corporate Notes—10.7% of Net Assets2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, Hancock Roofing and Construction L.L.C. - Revolver, Maturity/Expiration 12/31/2026, Industry Insurance2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% QuantiTech InvestCo II LP Aerospace and Defense2022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Sigma Defense Systems, LLC (Revolver) Maturity 12/18/2025 Telecommunications Current Coupon 14.04% Basis Point Spread Above Index 3M SOFR+8652023-09-300001383414us-gaap:PrivatePlacementMemberpnnt:PennantParkCloViiMemberpnnt:ClassA2Member2023-07-260001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, Mars Acquisition Holdings Corp., Maturity 05/14/2026, Industry Media, Current Coupon 10.96%, Basis Point Spread Above Index 3M SOFR+5652024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Second Lien Secured Debt—16.0% ENC Parent Corporation Maturity 08/19/2029 Business Services Current Coupon 13.15% Basis Point Spread Above Index 3M SOFR+7762023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Blackhawk Industrial Distribution, Inc. - Revolver Maturity 09/17/2026 Distribution2023-10-012024-03-310001383414nvestments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% Kentucky Racing Holdco, LLC (Warrants) Hotels, Motels, Inns and Gaming2022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Preferred Equity/Partnership Interests—2.6% Anteriad Holdings, LP (f/k/a Merit Direct Holdings, LP) Media2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Urology Management Holdings, Inc Maturity 06/15/2026 Healthcare , Education and Childcare Current Coupon 11.91% Basis Point Spread Above Index 3M SOFR +6652024-03-310001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Seaway Buyer, LLC Maturity 6/13/2029 Industry Chemicals, Plastics and Rubber Current Coupon 11.54% Basis Point Spread Above Index SOFR+6052023-09-300001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Graffiti Buyer, Inc. Maturity 8/10/2027 Industry Distribution Current Coupon 10.99% Basis Point Spread Above Index SOFR+5752022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Preferred Equity/Partnership Interests—2.6% Ad.net Holdings, Inc. Media2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Graffiti Buyer, Inc. Maturity 08/10/2023 Distribution Current Coupon 10.98% Basis Point Spread Above Index 3M SOFR+5602022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% U.S. Government Securities—19.9% U.S. Treasury Bill Maturity 10/19/2023 Short-Term U.S. Government Securities Current Coupon 5.31%2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% HV Watterson Holdings, LLC - (Revolver) Maturity 12/17/2026 Business Services Current Coupon 11.79% Basis Point Spread Above Index 3M L+6252022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% Ad.net Holdings, Inc. Media2023-09-300001383414Related Party PSLF Issuer Name Skopima Consilio Parent, LLC Maturity 5/17/2028 Industry Business Services Current Coupon 9.94% Basis Point Spread Above Index SOFR+4502024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Exigo Intermediate II, LLC Maturity 03/15/2027 Business Services Current Coupon 11.17% Basis Point Spread Above Index 3M SOFR+5852022-10-012023-09-300001383414Related Party PSLF Issuer Name S101 Holdings Inc. Maturity 12/29/2026 Industry Electronics Current Coupon 11.48% Basis Point Spread Above Index SOFR+6152024-03-310001383414pnnt:USGovernmentSecuritiesMember2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Carnegie Dartlet, LLC Unfunded Revolver Maturity 02/07/2030 Education2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—145.6% First Lien Secured Debt—93.2% Integrity Marketing Acquisition, LLC(Revolver) Maturity 08/31/2025 Insurance2022-10-012023-09-300001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Tyto Athene, LLC Maturity 4/3/2028 Industry Aerospace and Defense Current Coupon 10.90% Basis Point Spread Above Index SOFR+5502023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Preferred Equity/Partnership Interests—2.6% TPC Holding Company, LP Food2022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Integrated Data Services - Term Loan Maturity 08/01/2029 Business Services Current Coupon 11.87% Basis Point Spread Above Index 3M SOFR+6502022-10-012023-09-300001383414pnnt:TelecommunicationsMember2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, Infinity Home Services Holdco, Inc. - Revolver, Maturity 12/28/2028, Industry Personal, Food and Miscellaneous Services2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% HW Holdco, LLC(Revolver) Maturity 12/10/2024 Media2023-09-300001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name Fairbanks Morse Defense Maturity 6/17/2028 Industry Aerospace and Defense Current Coupon 10.32% Basis Point Spread Above Index SOFR+4752023-10-012024-03-310001383414nvestments in Non-Controlled, Affiliated Portfolio Companies—10.9% of Net Assets2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% MDI Aggregator, LP Chemicals, Plastics and Rubber2022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% HV Watterson Holdings, LLC Maturity 12/17/2026 Business Services2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, HPA SPQ Aggregator LP- Common Equity, Industry Business Services2024-03-310001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Ad.net Acquisition, LLC Maturity 5/7/2026 Industry Media Current Coupon 11.65% Basis Point Spread Above Index SOFR+6002023-09-300001383414us-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberpnnt:ClassA1AMemberus-gaap:PrivatePlacementMemberpnnt:PennantParkCloViiMember2023-07-2600013834142022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—176.2% of Net Assets, First Lien Secured Debt—113.2% of Net Assets, Inception Fertility Ventures, LLC, Maturity/Expiration 12/07/2024, Industry Healthcare, Education and Childcare, Current Coupon 12.64%, Basis Point Spread Above Index 3M SOFR+7252023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Dr. Squatch, LLC (Revolver) Maturity 08/31/2027 Personal and Non-Durable Consumer Products2022-10-012023-09-300001383414us-gaap:EquityFundsMemberus-gaap:FairValueInputsLevel3Member2022-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% of Net Assets, NORA Acquisition, LLC - Revolver Maturity 08/31/2029 Healthcare, Education and Childcare2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Holdco Sands Intermediate, LLC Maturity 11/23/2028 Aerospace and Defense Coupon 11.32% Basis Point Spread Above Index 6M L+5852022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% AG Investco LP Business Services2022-10-012023-09-300001383414pnnt:ConsumerProductsMember2023-09-300001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name Mars Acquisition Holdings Corp. Maturity 5/14/2026 Industry Media Current Coupon 10.96% Basis Point Spread Above Index SOFR+5652023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, Infogroup Parent Holdings, Inc. (Data Axle, Inc.), Industry Other Media2023-10-012024-03-310001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name Imagine Acquisitionco, LLC Maturity 11/15/2027 Industry Business Services Current Coupon 10.43% Basis Point Spread Above Index SOFR+5102024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, MDI Buyer, Inc., Maturity 07/25/2028, Industry Chemicals, Plastics and Rubber, Current Coupon 10.82%, Basis Point Spread Above Index 3M SOFR+6252023-10-012024-03-310001383414pnnt:USGovernmentSecuritiesMemberpnnt:InvestmentsCostMember2024-03-310001383414Investments—219.4%2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, Consello Pacific Aggregator, LLC, Industry Business Services2023-10-012024-03-310001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name HW Holdco, LLC Maturity 5/10/2026 Industry Media Current Coupon 11.70% Basis Point Spread Above Index SOFR+6502024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Applied Technical Services, LLC (Revolver) Maturity 12/29/2026 Environmental Services Current Coupon 13.25% Basis Point Spread Above Index 3M SOFR+4752022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Riverpoint Medical, LLC - Revolver Maturity 06/20/2025 Healthcare , Education and Childcare2023-10-012024-03-310001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name TWS Acquisition Corporation Maturity 6/06/2025 Industry Education Current Coupon 11.80% Basis Point Spread Above Index SOFR+6252023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Anteriad, LLC (f/k/a MeritDirect, LLC) - Funded Revolver Maturity 06/30/2026 Media Current Coupon 11.18% Basis Point Spread Above Index 3M SOFR+5602023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% Gauge ETE Blocker, LLC - Common Equity Personal, Food and Miscellaneous Services2022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, Burgess Point Holdings, LP, Industry Auto Sector2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Anteriad, LLC (f/k/a MeritDirect, LLC) - Funded Revolver Maturity 06/30/2026 Media Current Coupon 11.18% Basis Point Spread Above Index 3M SOFR+5602024-03-310001383414us-gaap:FairValueInputsLevel3Memberpnnt:ValuationTechniqueMarketComparableMemberpnnt:MeasurementInputBrokerOrDealerBidsOrQuotesMemberpnnt:FirstLienMember2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, Mars Intermidiate Holdings II, Inc., Industry Media2023-10-012024-03-310001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name LJ Avalon Holdings, LLC Maturity 1/31/2030 Industry Environmental Services Current Coupon 11.67% Basis Point Spread Above Index SOFR+6652023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, Inventus Power, Inc. - Revolver, Maturity 06/30/2025, Industry Electronics2024-03-3100013834142024-01-012024-03-310001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name Global Holdings InterCo LLC Maturity 03/16/2026 Industry Banking, Finance, Insurance & Real Estate Current Coupon 11.45% Basis Point Spread Above Index SOFR+6102024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Any Hour Services Maturity 07/21/2027 Personal, Food and Miscellaneous Services Current Coupon 11.22% Basis Point Spread Above Index 3M SOFR+5852023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Common Equity/Partnership Interests/Warrants—24.7% WCP Ivyrehab Coinvestment, LP Healthcare, Education and Childcare 2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Sargent & Greenleaf Inc. - Revolver Maturity 12/20/2024 Electronics2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Ad.net Acquisition, LLC - Revolver Maturity 05/07/2026 Media2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% Lariat ecoserv Co-Invest Holdings, LLC Environmental Services2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% of Net Assets2024-03-310001383414pnnt:SBADebenturesMemberpnnt:SBICMember2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% Tower Arch Infolinks Media, LP Media One2022-10-012023-09-300001383414pnnt:TwoThousandAndTwentySixNotesTwoMember2021-11-012021-11-010001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Dr. Squatch, LLC (Revolver) Maturity 08/31/2027 Personal and Non-Durable Consumer Products 2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Crane 1 Services, Inc. (Revolver) Maturity 08/16/2027 Personal, Food and Miscellaneous Services 2023-10-012024-03-310001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name System Planning and Analysis, Inc. (f/k/a Management Consulting & Research, LLC) Maturity 8/16/2027 Aerospace and Defense Current Coupon 11.49% Basis Point Spread Above Index SOFR+6002023-09-300001383414Investments in Non-Controlled, Affiliated Portfolio Companies—10.9% Common Equity/Partnership Interests/Warrants—2.4% Cascade Environmental Holdings, LLC Environmental Services2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% ACP Falcon Buyer, Inc -Revolver Maturity 08/01/2029 Business Services2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% K2 Pure Solutions NoCal, L.P. (Revolver) Maturity 12/20/2023 Chemicals, Plastics and Rubber2023-09-300001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name STV Group Incorporated Maturity 12/11/2026 Industry Transportation Current Coupon 10.67% Basis Point Spread Above Index SOFR+5252022-10-012023-09-300001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name IG Investments Holdings, LLC Maturity 9/22/2028 Industry Business Services Current Coupon 11.43% Basis Point Spread Above Index SOFR+6002024-03-310001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name MBS Holdings, Inc. Maturity 4/16/2027 Industry Telecommunications Current Coupon 11.22% Basis Point Spread Above Index SOFR+5752022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% QuantiTech InvestCo LP Aerospace and Defense2022-10-012023-09-300001383414pnnt:DebtInvestmentsMemberus-gaap:FairValueInputsLevel3Member2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% LJ Avalon, LP Environmental Services2022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% A1 Garage Merger Sub, LLC Maturity 12/22/2028 Personal, Food and Miscellaneous Services Current Coupon 11.99% Basis Point Spread Above Index 3M SOFR+6602023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Pragmatic Institute, LLC Unfunded Term Loan Maturity 07/06/2028 Business Services2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, Kentucky Racing Holdco, LLC (Warrants), Industry Hotels, Motels, Inns and Gaming2024-03-310001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Riverpoint Medical, LLC Maturity 6/20/2025 Industry Healthcare, Education and Childcare Current Coupon 10.54% Basis Point Spread Above Index SOFR+5752023-09-300001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Signature Systems Holding Company Maturity 5/3/2024 Industry Chemicals, Plastics and Rubber Current Coupon 12.04% Basis Point Spread Above Index SOFR+6502022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, Meadowlark Title, LLC, Industry Business Services2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Research Now Group, Inc. and Dynata, LLC Maturity 12/20/2024 Business Services Current Coupon 11.13% Basis Point Spread Above Index 3M SOFR+5762023-09-300001383414Investments in Non-Controlled, Affiliated Portfolio Companies—10.9% Preferred Equity/Partnership Interests—6.4% of Net Assets2023-09-300001383414us-gaap:FairValueMeasuredAtNetAssetValuePerShareMemberus-gaap:EquityFundsMember2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Questex , LLC - Revolver Maturity 09/9/2024 Media2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% A1 Garage Equity, LLC Personal, Food and Miscellaneous Services2022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% Infogroup Parent Holdings, Inc. (Data Axle, Inc.) Other Media2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, HW Holdco, LLC - Revolver Maturity 05/10/2026, Industry Media2023-10-012024-03-310001383414pnnt:InvestmentsCostMemberpnnt:FirstLienMember2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, Gauge Schlesinger Coinvest, LLC (TVC Enterprises, LLC), Industry Business Services2023-10-012024-03-310001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name MAG DS Corp. Maturity 4/1/2027 Industry Aerospace and Defense Current Coupon 10.99% Basis Point Spread Above Index SOFR+5502023-09-3000013834142022-12-312022-12-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% MDI Buyer, Inc. (Revolver) Maturity 07/25/2028 Chemicals, Plastics and Rubber2022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% of Net Assets, Pacific Purchaser, LLC - Revolver Maturity 09/30/2028 Business Services2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, Gauge Loving Tan, LP - Common Equity, Industry Consumer Products2023-10-012024-03-310001383414us-gaap:FairValueInputsLevel3Memberpnnt:DebtInvestmentsMember2023-03-310001383414Minimum Qualifying Assets2024-03-310001383414pnnt:SubordinatedNotesInPSLFMemberpnnt:InvestmentsCostMember2023-09-300001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Infolinks Media Buyco, LLC Maturity 11/1/2026 Industry Media Current Coupon 11.17% Basis Point Spread Above Index SOFR+5752022-10-012023-09-300001383414Related Party PSLF Cash and Cash Equivalents - 53.0% Issuer Name BlackRock Federal FD Institutional 302024-03-310001383414pnnt:InvestmentsCostMemberus-gaap:EquityMember2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, IG Investments Holdings, LLC - Revolver, Maturity 09/22/2027, Industry Business Services2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% LSF9 Atlantis Holdings, LLC Maturity 03/31/2029 Retail Current Coupon 12.64% Basis Point Spread Above Index 3M SOFR+7252022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Rural Sourcing Holdings, Inc. - Unfunded Term Loan Maturity 06/15/2029 Business Services2022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% HV Watterson Holdings, LLC Maturity 12/17/2026 Business Services2022-10-012023-09-300001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name Research Now Group, LLC and Dynata, LLC Maturity 12/20/2024 Industry Business Services Current Coupon 11.07% Basis Point Spread Above Index SOFR+5762023-10-012024-03-310001383414pnnt:USGovernmentSecuritiesMemberus-gaap:FairValueInputsLevel3Member2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, LJ Avalon, LP, Industry Environmental Services2023-10-012024-03-310001383414pnnt:DebtInvestmentsMember2023-09-300001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Summit Behavioral Healthcare, LLC Maturity 11/24/2028 Industry Healthcare, Education and Childcare Current Coupon 10.43% Basis Point Spread Above Index SOFR+4752023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, ORL Holdco, Inc., Industry Business Services2024-03-310001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Research Now Group, LLC and Dynata, LLC Maturity 12/20/2024 Industry Business Services Current Coupon 11.13% Basis Point Spread Above Index SOFR+5502023-09-300001383414Non-controlled Investments2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Graffiti Buyer, Inc. (Revolver) Maturity 08/10/2027 Distribution2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Five Star Buyer, Inc. - Unfunded Revolver Maturity 02/23/2028 Leisure, Amusement, Motion Pictures, Entertainment2022-10-012023-09-300001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Ox Two, LLC (New Issue) Maturity 5/18/2026 Industry Distribution Current Coupon 12.90% Basis Point Spread Above Index SOFR+7252023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, Lightspeed Buyer Inc. - Revolver, Maturity 02/03/2026, Industry Healthcare, Education and Childcare2024-03-310001383414pnnt:AutoSectorMember2023-09-300001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Sargent & Greenleaf Inc. Maturity 12/20/2024 Industry Electronics Current Coupon 12.92% Basis Point Spread Above Index SOFR+7502022-10-012023-09-300001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name Research Now Group, LLC and Dynata, LLC Maturity 12/20/2024 Industry Business Services Current Coupon 11.07% Basis Point Spread Above Index SOFR+5762024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Second Lien Secured Debt—12.7% ENC Parent Corporation Maturity 08/19/2029 Business Services Current Coupon 13.06% Basis Point Spread Above Index 3M SOFR+7762023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Common Equity/Partnership Interests/Warrants—24.7% Tower Arch Infolinks Media, LP Media2023-10-012024-03-310001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name The Bluebird Group LLC Maturity 7/27/2026 Industry Business Services Current Coupon 12.79% Basis Point Spread Above Index SOFR+7252022-10-012023-09-300001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Infolinks Media Buyco, LLC Maturity 11/1/2026 Industry Media Current Coupon 11.17% Basis Point Spread Above Index SOFR+5752023-09-300001383414us-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:FairValueInputsLevel3Memberpnnt:ValuationTechniqueEnterpriseMarketValueMemberus-gaap:EquityMethodInvestmentsMember2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Second Lien Secured Debt—16.0% Atlas Purchaser, Inc Maturity 05/07/2029 Telecommunications Current Coupon 14.66% Basis Point Spread Above Index 3M SOFR+9002022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, Lightspeed Buyer Inc., Maturity/Expiration 02/03/2026, Industry Healthcare, Education and Childcare, Current Coupon 10.68%, Basis Point Spread Above Index 1M SOFR+5352023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, HV Watterson Holdings, LLC - Revolver, Maturit 12/17/2026, Industry Business Services, Current Coupon 11.46%, Basis Point Spread Above Index 3M SOFR+6152023-10-012024-03-310001383414Liabilities in Excess of Other Assets—(127.1%) of Net Assets2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% BioDerm, Inc. (Revolver) Maturity 01/31/2028 Healthcare, Education and Childcare2022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% A1 Garage Merger Sub, LLC Maturity 12/22/2028 Personal, Food and Miscellaneous Services Current Coupon 11.99% Basis Point Spread Above Index 3M SOFR+6602022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Beta Plus Technologies, Inc. Maturity 07/01/2029 Business Services Current Coupon 11.10% Basis Point Spread Above Index 3M SOFR+5752023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Schlesinger Global, Inc. (Revolver) Maturity 07/14/2025 Business Services2022-10-012023-09-300001383414Related Party PSLF Issuer Name The Vertex Companies, LLC Maturity 8/31/2027 Industry Business Services Current Coupon 11.46% Basis Point Spread Above Index SOFR+6352024-03-310001383414pnnt:EquityInterestsInPSLFMember2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Rancho Health MSO, Inc. - Unfunded Term Loan Maturity 12/18/2025 Healthcare, Education and Childcare2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Preferred Equity/Partnership Interests—2.6% Anteriad Holdings, LP (f/k/a MeritDirect Holdings, LP) Media2023-09-300001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name Five Star Buyer, Inc. Maturity 02/23/2028 Industry Hotels, Motels, Inns and Gaming Current Coupon 12.46% Basis Point Spread Above Index SOFR+7002023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% The Bluebird Group LLC Maturity 7/27/2026 Business Services Current Coupon 11.96% Basis Point Spread Above Index 3M SOFR +6652023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, Integrity Marketing Acquisition, LLC - Unfunded Term Loan, Maturity 08/31/2025, Industry Insurance2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Subordinated Debt/Corporate Notes—9.8% Flock Financial, LLC Maturity 05/26/2024 Financial Services2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% Urology Partners Co., L.P. Healthcare, Education and Childcare2022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Gauge ETE Blocker, LLC - Promissory Note Maturity 05/19/2029 Personal, Food and Miscellaneous Services Current Coupon 12.56%2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% CF512, Inc. (Revolver) Maturity 08/20/2026 Media2022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Loving Tan Intermediate II, Inc. (Revolver) Maturity 05/31/2028 Consumer Products2022-10-012023-09-300001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Recteq, LLC Maturity 1/29/2026 Industry Consumer Products Current Coupon 12.54% Basis Point Spread Above Index SOFR+7002023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Municipal Emergency Services, Inc. (Revolver) Maturity 09/28/2027 Distribution Current Coupon 11.04% Basis Point Spread Above Index 3M SOFR+5652023-09-300001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Teneo Holdings LLC Maturity 7/18/2025 Industry Financial Services Current Coupon 10.67% Basis Point Spread Above Index SOFR+5252022-10-012023-09-300001383414Investments in Non-Controlled, Affiliated Portfolio Companies—7.4% Common Equity/Partnership Interests/Warrants—0.0%2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, Atlas Investment Aggregator, LLC, Industry Telecommunications2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Imagine Acquisitionco, LLC Maturity 11/15/2027 Business Services2022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% HW Holdco, LLC(Revolver) Maturity 12/10/2024 Media Current Coupon 11.82% Basis Point Spread Above Index 3M L+6402023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Rancho Health MSO, Inc. - Revolver Maturity 12/18/2025 Healthcare, Education and Childcare2023-10-012024-03-310001383414Cash and Cash Equivalents—7.7% BlackRock Federal FD Institutional 302023-09-300001383414Related Party PSLF Issuer Name Transgo, LLC Maturity 2/29/2028 Industry Auto Sector Current Coupon 11.33% Basis Point Spread Above Index SOFR+6002024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% ITI Holdings, Inc. Maturity 03/03/2028 Business Services Current Coupon 11.06% Basis Point Spread Above Index 3M SOFR+6152022-10-012023-09-300001383414us-gaap:FairValueInputsLevel3Memberpnnt:ValuationTechniqueMarketComparableMemberpnnt:MeasurementInputMarketYieldMembersrt:MinimumMemberpnnt:SecondLienMember2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Preferred Equity/Partnership Interests—2.6% TWD Parent Holdings, LLC Business Services2023-09-300001383414Related Party PSLF Issuer Name The Bluebird Group LLC Maturity 7/27/2026 Industry Business Services Current Coupon 11.96% Basis Point Spread Above Index SOFR+6652024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Wildcat Buyerco, Inc Unfunded Term Loan Maturity 02/27/2027 Electronics2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Municipal Emergency Services, Inc. (Revolver) Maturity 09/28/2027 Distribution2022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% HV Watterson Holdings, LLC Business Services2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Kinetic Purchaser, LLC (Revolver) Maturity 11/10/2026 Consumer Products2022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% NORA Parent Holdings, LLC Healthcare, Education and Childcare2022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Preferred Equity/Partnership Interests—2.6% Imagine Topco, LP Business Services Current Coupon 8.00%2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, Infinity Home Services Holdco, Inc. One, Maturity/Expiration 12/28/2028, Industry Personal, Food and Miscellaneous Services, Current Coupon 11.31%, Basis Point Spread Above Index 3M SOFR+6002023-10-012024-03-310001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name BlueHalo Financing Holdings, LLC Maturity 10/31/2025 Industry Aerospace and Defense Current Coupon 10.42% Basis Point Spread Above Index SOFR+4752023-10-012024-03-310001383414pnnt:PersonalFoodAndMiscellaneousServicesMember2024-03-310001383414pnnt:USGovernmentSecuritiesMember2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% Athletico Holdings, LLC Healthcare, Education and Childcare2023-09-300001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name PL Acquisitionco, LLC Maturity 11/9/2027 Industry Retail Current Coupon 12.42% Basis Point Spread Above Index SOFR+7002022-10-012023-09-300001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name Blackhawk Industrial Distribution, Inc. Maturity 9/17/2026 Industry Distribution Current Coupon 11.63% Basis Point Spread Above Index SOFR+6402023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Second Lien Secured Debt—16.0% Ascensus Holdings, Inc. Maturity 08/02/2028 Financial Services Current Coupon 12.03% Basis Point Spread Above Index 3M SOFR+6762022-10-012023-09-300001383414us-gaap:InvestmentAffiliatedIssuerControlledMemberpnnt:JfIntermediateLlcMember2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% ACP Avenu Buyer, LLC - Unfunded Term Loan Maturity 04/02/2025 Business Services2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Dr. Squatch, LLC Maturity 08/31/2027 Personal and Non-Durable Consumer Products Current Coupon 11.23% Basis Point Spread Above Index 3M SOFR+5852022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Pragmatic Institute, LL (Revolver) Maturity 07/06/2028 Business Services Current Coupon 11.17% Basis Point Spread Above Index 3M SOFR+5752023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, Infolinks Media Buyco, LLC, Maturity 11/01/2026, Industry Media, Current Coupon 11.18%, Basis Point Spread Above Index 3M SOFR+5852023-10-012024-03-310001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name Reception Purchaser, LLC Maturity 4/28/2028 Industry Transportation Current Coupon 11.45% Basis Point Spread Above Index SOFR+6152023-10-012024-03-310001383414Investments in Controlled, Affiliated Portfolio Companies—64.7% First Lien Secured Debt—20.3% MidOcean JF Holdings Corp. Maturity 07/31/2026 Distribution Current Coupon 11.36% Basis Point Spread Above Index 3M SOFR+6052024-03-310001383414Investments in Non-Controlled, Affiliated Portfolio Companies—10.9% Common Equity/Partnership Interests/Warrants—2.4%2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% EDS Buyer, LLC (Revolver) Loan Maturity 12/22/2028 Aerospace and Defense 2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Infinity Home Services Holdco, Inc.- Unfunded Term Loan Maturity 12/28/2023 Personal, Food and Miscellaneous Services2022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% EDS Buyer, LLC Maturity 12/22/2028 Aerospace and Defense Current Coupon 11.56% Basis Point Spread Above Index 3M SOFR+6252023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Anteriad, LLC (f/k/a MeritDirect, LLC) Maturity 06/30/2026 Media Current Coupon 11.23% Basis Point Spread Above Index 3M SOFR+5752024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% Gauge TVC Coinvest, LLC (TVC Enterprises, LLC) Transportation2022-10-012023-09-300001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name Lash OpCo, LLC Maturity 2/18/2027 Industry Consumer Products Current Coupon 13.23% Basis Point Spread Above Index SOFR+7102024-03-310001383414pnnt:SBADebenturesMember2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% HV Watterson Holdings, LLC - (Revolver) Maturity 12/17/2026 Business Services2023-09-300001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name ACP Falcon Buyer, Inc. Maturity 08/01/2029 Industry Business Services Current Coupon 11.83% Basis Point Spread Above Index SOFR+6252024-03-310001383414Investments in Controlled, Affiliated Portfolio Companies—43.0% Common Equity—12.8% PennantPark Senior Loan Fund, LLC Financial Services2022-10-012023-09-300001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name HW Holdco, LLC Maturity 12/10/2024 Industry Media Current Coupon 11.70% Basis Point Spread Above Index SOFR+6252022-10-012023-09-300001383414pnnt:TwoThousandAndTwentySixNotesTwoMember2021-10-012021-10-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Radius Aerospace, Inc. (Revolver) Maturity 03/31/2025 Aerospace and Defense Current Coupon 11.24% Basis Point Spread Above Index 3M SOFR+5752023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% BioDerm, Inc. (Revolver) Maturity 01/31/2028 Healthcare, Education and Childcare Current Coupon 11.82% Basis Point Spread Above Index 3M SOFR+6502023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Shiftkey, LLC Maturity 06/21/2027 Business Services Current Coupon 11.40% Basis Point Spread Above Index 3M SOFR+6012022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, Kinetic Purchaser, LLC, Maturity 11/10/2027, Industry Consumer Products, Current Coupon 11.46%, Basis Point Spread Above Index 3M SOFR+6152023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Preferred Equity/Partnership Interests—2.6% Gauge Schlesinger Coinvest, LLC - Class A-2 Preferred Equity Business Services2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1%, TPC US Parent, LLC Maturity 11/22/2025 Food Current Coupon 10.93% Basis Point Spread Above Index 3M SOFR +5602023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Spendmend Holdings LLC Maturity 03/01/2025 Business Services2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, Infinity Home Services Holdco, Inc. - Revolver, Maturity 12/28/2028, Industry Personal, Food and Miscellaneous Services2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Lightspeed Buyer Inc. Maturity 02/03/2026 Healthcare, Education and Childcare Current Coupon 10.67% Basis Point Spread Above Index 1M SOFR+5352022-10-012023-09-300001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Kinetic Purchaser, LLC Maturity 11/10/2027 Industry Consumer Products, Current Coupon 11.54% Basis Point Spread Above Index SOFR+6152022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% PL Acquisitionco, LLC - Revolver Maturity 11/09/2027 Retail2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, Connatix Parent, LLC, Industry Media2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Wildcat Buyerco, Inc (Revolver) Maturity 02/27/2027 Electronics2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, Loving Tan Intermediate II, Inc. - Revolver, Maturity 05/31/2028, Industry Consumer Products, Current Coupon 12.31%, Basis Point Spread Above Index 3M SOFR+7002023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% HV Watterson Holdings, LLC Business Services2022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% StellPen Holdings, LLC (CF512, Inc.) Media2022-10-012023-09-300001383414us-gaap:FairValueInputsLevel3Memberpnnt:ValuationTechniqueMarketComparableMemberpnnt:MeasurementInputBrokerOrDealerBidsOrQuotesMemberpnnt:SecondLienMember2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, OceanSound Discovery Equity, LP (Holdco Sands Intermediate, LLC), Industry Aerospace and Defense2024-03-310001383414Related Party PSLF Issuer Name Seaway Buyer, LLC Maturity 6/13/2029 Industry Chemicals, Plastics and Rubber Current Coupon 11.46% Basis Point Spread Above Index SOFR+6152023-10-012024-03-310001383414us-gaap:FairValueInputsLevel3Memberpnnt:DebtInvestmentsMember2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% The Vertex Companies, LLC Maturity 08/30/2027 Business Services Current Coupon 11.68% Basis Point Spread Above Index 1M SOFR +6352023-10-012024-03-310001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Applied Technical Services, LLC Maturity 12/29/2026 Industry Environmental Services Current Coupon 11.51% Basis Point Spread Above Index SOFR+5752023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Preferred Equity/Partnership Interests—2.6% TPC Holding Company, LP Food2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, Ledge Lounger, Inc. - Revolver, Maturity 11/09/2026, Industry Consumer Products, Current Coupon 11.96%, Basis Point Spread Above Index 3M SOFR+6652024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% EDS Topco, LP Aerospace and Defense2023-09-300001383414pnnt:TwoThousandAndTwentySixNotesMemberus-gaap:FairValueInputsLevel2Member2023-09-300001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Rancho Health MSO, Inc. Maturity 12/18/2025 Industry Healthcare, Education and Childcare Current Coupon 11.22% Basis Point Spread Above Index SOFR+5502023-09-300001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name The Vertex Companies, LLC Maturity 8/31/2027 Industry Business Services Current Coupon 11.70% Basis Point Spread Above Index SOFR+6352023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, HV Watterson Holdings, LLC - Revolver One, Maturity 12/17/2026, Industry Business Services2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, HW Holdco, LLC, Maturity 05/10/2026, Industry Media, Current Coupon 11.54%, Basis Point Spread Above Index 3M SOFR+6402023-10-012024-03-310001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name Cartessa Aesthetics, LLC Maturity 6/14/2028 Industry Distribution Current Coupon 11.06% Basis Point Spread Above Index SOFR+5752023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Watchtower Intermediate, LLC. - Unfunded Term Loan Maturity 12/01/2025 Electronics2023-10-012024-03-310001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name Arcfield Acquisition Corp Maturity 08/03/2029 Industry Aerospace and Defense Current Coupon 11.54% Basis Point Spread Above Index SOFR+6352023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Carnegie Dartlet, LLC Funded Revolver Maturity 02/07/2030 Education Current Coupon 10.80% Basis Point Spread Above Index 3M SOFR+5502024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% OHCP V BC COI, L.P. Distribution One2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, Five Star Parent Holdings, LLC, Industry Leisure, Amusement, Motion Pictures, Entertainment2024-03-310001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Pequod Merger Sub, Inc. Maturity 12/2/2026 Industry Banking, Finance, Insurance & Real Estate Current Coupon 11.79% Basis Point Spread Above Index SOFR+6402023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Gauge ETE Blocker, LLC - Promissory Note Maturity 05/19/2029 Personal, Food and Miscellaneous Services Current Coupon 12.56%2022-10-012023-09-300001383414 Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% of Net Assets, Omnia Exterior Solutions, LLC - Unfunded Term Loan Maturity 05/01/2024 Diversified Conglomerate Service2023-10-012024-03-310001383414Related Party PSLF Liabilities in Excess of Other Assets — 716.9%2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% The Aegis Technologies Group, LLC Maturity 10/31/2025 Aerospace and Defense Current Coupon 11.66% Basis Point Spread Above Index 3M SOFR+6652022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% of Net Assets, NORA Acquisition, LLC Maturity 08/31/2029 Healthcare, Education and Childcare Current Coupon 11.68% Basis Point Spread Above Index 3M SOFR+6352023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% U.S. Government Securities—19.9%2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% RFMG Parent, LP (Rancho Health MSO, Inc.) Healthcare, Education and Childcare2022-10-012023-09-300001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name Medina Health, LLC Maturity 10/20/2028 Industry Healthcare, Education and Childcare Current Coupon 11.56% Basis Point Spread Above Index SOFR+6252023-10-012024-03-310001383414Related Party PSLF Investments and Cash Equivalents - 841.3%2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Municipal Emergency Services, Inc. - Unfunded Term Loan A Maturity 06/16/2023 Distribution2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Municipal Emergency Services, Inc. - Unfunded Term Loan B Maturity 12/16/2024 Distribution2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Tyto Athene, LLC (Revolver) Maturity 04/01/2026 Aerospace and Defense2023-10-012024-03-310001383414us-gaap:FairValueInputsLevel1Memberpnnt:DebtInvestmentsMember2024-03-310001383414pnnt:ManufacturingBasicIndustryMember2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% Infogroup Parent Holdings, Inc. (Data Axle, Inc.) Other Media2022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% PennantPark-TSO Senior Loan Fund II, LP Financial Services2022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Ad.net Acquisition, LLC (Revolver) Maturity 05/07/2026 Media2022-10-012023-09-300001383414pnnt:ManufacturingBasicIndustryMember2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Recteq, LLC (Revolver) Maturity 01/29/2026 Consumer Products2022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Second Lien Secured Debt—16.0% Ascensus Holdings, Inc. Maturity 08/02/2028 Financial Services Current Coupon 12.03% Basis Point Spread Above Index 3M SOFR+6762023-09-300001383414us-gaap:FinancingReceivables30To59DaysPastDueMember2022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% LAV Gear Holdings, Inc. Maturity 10/31/2024 Leisure, Amusement, Motion Pictures, Entertainment Current Coupon 11.79% (PIK 5.50%) Basis Point Spread Above Index 1M SOFR+6402022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Compex Legal Services, Inc. (Revolver) Maturity 02/07/2025 Business Services Current Coupon 10.87% Basis Point Spread Above Index 3M SOFR+5552024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Preferred Equity/Partnership Interests—2.6% TWD Parent Holdings, LLC Preferred Business Services2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Spendmend Holdings LLC - Unfunded Revolver Maturity 03/01/2028 Business Services2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% A1 Garage Merger Sub, LLC - Revolver Maturity 12/22/2028 Personal, Food and Miscellaneous Services2023-10-012024-03-310001383414pnnt:LongTermCreditFacilityMember2023-03-310001383414us-gaap:InvestmentAffiliatedIssuerControlledMemberpnnt:MailsouthIncMember2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% Delta InvestCo LP (Sigma Defense Systems, LLC) Telecommunications One2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% GCOM InvestCo LP Business Services2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Wildcat Buyerco, Inc. Maturity 02/27/2026 Electronics Current Coupon 10.57% Basis Point Spread Above Index 3M SOFR+5152023-09-300001383414Related Party PSLF Issuer Name Summit Behavioral Healthcare, LLC Maturity 11/24/2028 Industry Healthcare, Education and Childcare Current Coupon 10.35% Basis Point Spread Above Index SOFR+4752024-03-310001383414pnnt:HomeAndOfficeFurnishingsMember2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Solutionreach, Inc. - Revolver Maturity 07/17/2025 Communications2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, Hancock Roofing and Construction L.L.C. - Revolver, Maturity/Expiration 12/31/2026, Industry Insurance2024-03-310001383414pnnt:TruistCreditFacilityMember2022-10-012023-03-310001383414pnnt:PersonalAndNonDurableConsumerProductsMember2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% AMCSI Crash Co-Invest, LP Auto Sector2023-09-300001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name MAG DS Corp. Maturity 4/1/2027 Industry Aerospace and Defense Current Coupon 10.99% Basis Point Spread Above Index SOFR+5502022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Common Equity/Partnership Interests/Warrants—24.7% WCP Ivyrehab QP CF Feeder, LP Healthcare, Education and Childcare 2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, Integrity Marketing Acquisition, LLC, Maturity 08/27/2026, Industry Insurance, Current Coupon 11.49%, Basis Point Spread Above Index 3M SOFR+6152024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% CF512, Inc.(Revolver) Maturity 08/20/2026 Media 2024-03-310001383414us-gaap:InvestmentAffiliatedIssuerNoncontrolledMember2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Shiftkey, LLC Maturity 06/21/2027 Business Services Current Coupon 11.31% Basis Point Spread Above Index 3M SOFR+6012023-10-012024-03-310001383414pnnt:DebtInvestmentsMember2024-03-310001383414Related Party PSLF Liabilities in Excess of Other Assets — (741.3)%2022-10-012023-09-300001383414pnnt:InvestmentsFairValueMemberus-gaap:EquityMember2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Pequod Merger Sub, Inc. - Unfunded Term Loan Maturity 12/02/2026 Financial Services2022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% FedHC InvestCo LP Aerospace and Defense2022-10-012023-09-300001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Cartessa Aesthetics, LLC Maturity 6/14/2028 Industry Distribution Current Coupon 11.39% Basis Point Spread Above Index SOFR+6002022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Smartronix, LLC Maturity 11/23/2028 Aerospace and Defense Current Coupon 11.58% Basis Point Spread Above Index 3M SOFR+6002024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Apex Service Partners, LLC Maturity 07/31/2025 Personal, Food and Miscellaneous Services Current Coupon 10.77% Basis Point Spread Above Index 3M SOFR+5252022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Applied Technical Services, LLC Maturity 12/29/2026 Environmental Services Current Coupon 11.54% Basis Point Spread Above Index 3M SOFR+6152023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Common Equity/Partnership Interests/Warrants—24.7% Aftermarket Drivetrain Products Holdings, LLC Machinery2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Any Hour Services - Revolver Maturity 07/21/2027 Personal, Food and Miscellaneous Services2024-03-310001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name One Stop Mailing, LLC Maturity 5/7/2027 Industry Transportation Current Coupon 11.68% Basis Point Spread Above Index SOFR+6252023-09-300001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name Radius Aerospace, Inc. Maturity 3/31/2025 Industry Aerospace and Defense Current Coupon 11.20% Basis Point Spread Above Index SOFR+5752024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Reception Purchaser, LLC Maturity 02/28/2028 Transportation Current Coupon 11.45% Basis Point Spread Above Index 3M SOFR+6152024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Second Lien Secured Debt—12.7% ENC Parent Corporation Maturity 08/19/2029 Business Services Current Coupon 13.06% Basis Point Spread Above Index 3M SOFR+7762024-03-310001383414Investments in Controlled, Affiliated Portfolio Companies—64.7% Subordinated Debt—23.1% PennantPark Senior Loan Fund, LLC Maturity 07/31/2027 Financial Services Current Coupon 13.31% Basis Point Spread Above Index 3M SOFR+8002023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Ad.net Acquisition, LLC (Revolver) Maturity 05/07/2026 Media Current Coupon 11.65% Basis Point Spread Above Index 3M SOFR+6262023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% ITI Holdings, Inc. Maturity 03/03/2028 Business Services Current Coupon 11.06% Basis Point Spread Above Index 3M SOFR+6152023-09-300001383414pnnt:PennantParkSeniorLoanFundLLCMember2024-01-012024-03-310001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name ACP Avenu Buyer, LLC Maturity 10/02/2029 Industry Business Services Current Coupon 11.58% Basis Point Spread Above Index SOFR+6252024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% of Net Assets2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, Carisk Parent, L.P. - Common Equity, Healthcare, Education and Childcare2024-03-310001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name HW Holdco, LLC Maturity 12/10/2024 Industry Media Current Coupon 11.70% Basis Point Spread Above Index SOFR+6252023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% Quad (U.S.) Co-Invest, L.P. Business Services2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Ox Two, LLC Maturity 05/18/2026 Building Materials Current Coupon 12.90% Basis Point Spread Above Index 1M SOFR+7252023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, PCS Parent, LP, Industry Financial Services2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, IG Investments Holdings, LLC - Revolver, Maturity 09/22/2027, Industry Business Services2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, IHS Parent Holdngs, L.P., Industry Personal, Food and Miscellaneous Services2023-10-012024-03-310001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Duraco Specialty Tapes LLC Maturity 6/30/2024 Industry Manufacturing / Basic Industries Current Coupon 11.93% Basis Point Spread Above Index SOFR+6502022-10-012023-09-300001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name Arcfield Acquisition Corp Maturity 08/03/2029 Industry Aerospace and Defense Current Coupon 11.54% Basis Point Spread Above Index SOFR+6352024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% LJ Avalon Holdings, LLC - Unfunded Term Loan Maturity 07/31/2024 Environmental Services2023-09-300001383414pnnt:InvestmentsFairValueMemberpnnt:SecondLienMember2024-03-310001383414pnnt:ClassCMemberus-gaap:PrivatePlacementMemberpnnt:PennantParkCloViiMember2023-07-260001383414 Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% Five Star Parent Holdings, LLC Leisure, Amusement, Motion Pictures, Entertainment2022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Applied Technical Services, LLC - Revolver Maturity 12/29/2026 Environmental Services Current Coupon 13.25% Basis Point Spread Above Index 3M SOFR+4752024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% of Net Assets, Omnia Exterior Solutions, LLC - Unfunded Term Loan 2 Maturity 12/29/2025 Diversified Conglomerate Service2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Preferred Equity/Partnership Interests—2.6% Gauge Lash Coinvest, LLC - Preferred Equity Consumer Products2023-09-300001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name DRS Holdings III, Inc. Maturity 11/3/2025 Industry Consumer Products Current Coupon 11.71% Basis Point Spread Above Index SOFR+6402023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% HW Holdco, LLC(Revolver) Maturity 12/10/2024 Media Current Coupon 11.82% Basis Point Spread Above Index 3M L+6402022-10-012023-09-300001383414us-gaap:FairValueInputsLevel3Memberpnnt:LongTermCreditFacilityMember2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% Imagine Topco, LP Business Services2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Preferred Equity/Partnership Interests—2.6% ORL Holdco, Inc. Business Services2024-03-310001383414us-gaap:FairValueInputsLevel3Memberpnnt:LongTermCreditFacilityMember2023-03-310001383414pnnt:NonControlledAffiliatedInvestmentsMember2023-09-300001383414us-gaap:FairValueInputsLevel3Memberpnnt:SubordinatedDebtOrCorporateNotesMemberpnnt:ValuationTechniqueMarketComparableMemberpnnt:MeasurementInputMarketYieldMember2024-03-310001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Imagine Acquisitionco, LLC Maturity 11/15/2027 Industry Business Services Current Coupon 10.72% Basis Point Spread Above Index SOFR+5502022-10-012023-09-300001383414pnnt:LongTermCreditFacilityMember2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Kinetic Purchaser, LLC Maturity 11/10/2027 Consumer Products Current Coupon 11.54% Basis Point Spread Above Index 3M SOFR+6152022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% of Net Assets, Ox Two, LLC - Revolver Maturity 05/18/2026 Building Materials2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Sigma Defense Systems, LLC – Revolver Maturity 12/18/2027 Telecommunications2023-10-012024-03-310001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Sargent & Greenleaf Inc. Maturity 12/20/2024 Industry Electronics Current Coupon 12.92% Basis Point Spread Above Index SOFR+7502023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, NBH Group LLC - Revolver Maturity 08/19/2026 Healthcare, Education and Childcare2024-03-310001383414pnnt:SBADebenturesMember2023-09-300001383414Related Party PSLF Issuer Name Infolinks Media Buyco, LLC Maturity 11/1/2026 Industry Media Current Coupon 11.18% Basis Point Spread Above Index SOFR+5852023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% Altamira Intermediate Company II, Inc. Aerospace and Defense2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% TWS Acquisition Corporation Maturity 06/16/2025 Education Current Coupon 11.73% Basis Point Spread Above Index 3M SOFR +6402024-03-310001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Electro Rent Corporation Maturity 1/17/2024 Industry Electronics Current Coupon 10.93% Basis Point Spread Above Index SOFR+5502022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Sales Benchmark Index LLC (Revolver) Maturity 01/03/2025 Business Services2022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% of Net Assets, Omnia Exterior Solutions, LLC - Unfunded Term Loan 2 Maturity 12/29/2025 Diversified Conglomerate Service2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Subordinated Debt/Corporate Notes—9.8% Flock Financial, LLC Maturity 05/26/2024 Financial Services2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, Integrity Marketing Acquisition, LLC - Unfunded Term Loan, Maturity 08/31/2025, Industry Insurance2024-03-310001383414pnnt:DebtInvestmentsMemberus-gaap:FairValueInputsLevel3Member2022-09-300001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name Burgess Point Purchaser Corporation Maturity 09/26/2029 Industry Auto Sector Current Coupon 10.68% Basis Point Spread Above Index SOFR+5352023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, Municipal Emergency Services, Inc., Industry Distribution2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, Lash OpCo, LLC - Revolver One, Maturity 08/16/2026, Industry Consumer Products2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% of Net Assets, Ox Two, LLC Maturity 05/18/2026 Building Materials Current Coupon 11.82% Basis Point Spread Above Index 1M SOFR+7512024-03-310001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Reception Purchaser, LLC Maturity 4/28/2028 Industry Transportation Current Coupon 11.54% Basis Point Spread Above Index SOFR+6002023-09-300001383414srt:OtherCurrencyMember2024-03-310001383414us-gaap:FairValueInputsLevel3Memberpnnt:ValuationTechniqueMarketComparableMemberpnnt:MeasurementInputMarketYieldMemberpnnt:FirstLienMembersrt:WeightedAverageMember2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% of Net Assets, Municipal Emergency Services, Inc Maturity 09/28/2027 Distribution Current Coupon 10.48% Basis Point Spread Above Index 3M SOFR+5152024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Research Now Group, Inc. and Dynata, LLC Maturity 12/20/2024 Business Services Current Coupon 11.07% Basis Point Spread Above Index 3M SOFR+5762024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% ITI Holdings, Inc. (Revolver) Maturity 03/03/2028 Business Services Current Coupon 10.70% Basis Point Spread Above Index 1M SOFR+5602022-10-012023-09-300001383414Investments in Controlled, Affiliated Portfolio Companies—64.7% Subordinated Debt—23.1%2024-03-310001383414us-gaap:FairValueInputsLevel1Memberpnnt:USGovernmentSecuritiesMember2024-03-310001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name System Planning and Analysis, Inc. (f/k/a Management Consulting & Research, LLC) Maturity 8/16/2027 Aerospace and Defense Current Coupon 11.49% Basis Point Spread Above Index SOFR+6002022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, Carnegie Holdco, LLC - Common Equity, Education2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, Lightspeed Investment Holdco LLC, Industry Healthcare, Education and Childcare2023-10-012024-03-310001383414pnnt:NonControlledAffiliatedInvestmentsMember2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% Gauge Schlesinger Coinvest, LLC Business Services2022-10-012023-09-300001383414pnnt:SBICIIMemberpnnt:SBADebenturesMember2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Neptune Flood Incorporated (Revolver) Maturity 05/09/2029 Insurance2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% MBS Holdings, Inc. (Revolver) Maturity 04/16/2027 Telecommunications Current Coupon 11.17% Basis Point Spread Above Index 1M SOFR+5852022-10-012023-09-300001383414pnnt:IncentiveFeePaymentConditionOneMember2023-10-012024-03-310001383414Related Party PSLF Total Investments and Cash Equivalents - 841.3%2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Applied Technical Services, LLC - Revolver Maturity 12/29/2026 Environmental Services2023-10-012024-03-310001383414us-gaap:InvestmentAffiliatedIssuerNoncontrolledMembersrt:MinimumMember2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Common Equity/Partnership Interests/Warrants—24.7% TAC LifePort Holdings, LLC Aerospace and Defense2024-03-310001383414pnnt:MediaMember2024-03-310001383414Investments in Non-Controlled, Affiliated Portfolio Companies—7.4% Common Equity/Partnership Interests/Warrants—0.0% Cascade Environmental Holdings, LLC Environmental Services2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Watchtower Intermediate, LLC Maturity 12/01/2029 Electronics Current Coupon 11.31% Basis Point Spread Above Index 3M SOFR +6002024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Preferred Equity/Partnership Interests—2.6% TPC Holding Company, LP Food2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Crane 1 Services, Inc. (Revolver) Maturity 08/16/2027 Personal, Food and Miscellaneous Services Current Coupon 10.81% Basis Point Spread Above Index 3M SOFR+5012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Schlesinger Global, Inc. Maturity 07/14/2025 Business Services Current Coupon 13.06% (PIK 5.6%) Basis Point Spread Above Index 3M SOFR+7152024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, AMCSI Crash Co-Invest, LP One, Industry Auto Sector2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Common Equity/Partnership Interests/Warrants—24.7% Tower Arch Infolinks Media, LP Media 12024-03-3100013834142022-10-012023-03-310001383414us-gaap:FairValueMeasuredAtNetAssetValuePerShareMemberpnnt:DebtInvestmentsMember2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Common Equity/Partnership Interests/Warrants—24.7% WCP Ivyrehab QP CF Feeder, LP - Unfunded Healthcare, Education and Childcare 2023-10-012024-03-310001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Zips Car Wash, LLC Maturity 3/1/2024 Industry Business Services Current Coupon 12.67% Basis Point Spread Above Index SOFR+7252023-09-300001383414Investments in Controlled, Affiliated Portfolio Companies—43.0% Common Equity—12.8% AKW Holdings Limited Healthcare, Education and Childcare2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Sigma Defense Systems, LLC Maturity 12/18/2025 Telecommunications Current Coupon 14.04% Basis Point Spread Above Index 3M SOFR+8652023-09-300001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name Crane 1 Services, Inc. Maturity 08/16/2027 Industry Personal, Food and Miscellaneous Services Current Coupon 10.81% Basis Point Spread Above Index SOFR+5512024-03-310001383414pnnt:HealthcareEducationAndChildcareMember2023-09-300001383414Investments and Cash Equivalents—254% of Net Assets2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% KL Stockton Co-Invest LP (Any Hour Services) Personal, Food and Miscellaneous Services2022-10-012023-09-300001383414Investments—219.4% of Net Assets2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Spendmend Holdings LLC - Revolver Maturity 03/01/2028 Business Services Current Coupon 10.95% Basis Point Spread Above Index 3M SOFR +5652023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% System Planning and Analysis, Inc. - Unfunded Revolver Maturity 08/16/2027 Aerospace and Defense2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Compex Legal Services, Inc. (Revolver) Maturity 02/07/2025 Business Services2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Applied Technical Services, LLC - Unfunded Term Loan Maturity 07/17/2025 Environmental Services2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Kinetic Purchaser, LLC Maturity 11/10/2027 Consumer Products Current Coupon 11.54% Basis Point Spread Above Index 3M SOFR+6152023-09-300001383414Qualifying Assets2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Pragmatic Institute, LL (Revolver) Maturity 07/06/2028 Business Services Current Coupon 11.17% Basis Point Spread Above Index 3M SOFR+5752022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, Loving Tan Intermediate II, Inc., Maturity 05/31/2028, Industry Consumer Products, Current Coupon 12.31%, Basis Point Spread Above Index 3M SOFR+7002024-03-310001383414Investments in Non-Controlled, Affiliated Portfolio Companies—10.9% Common Equity/Partnership Interests/Warrants—2.4% Walker Edison Furniture Home and Office Furnishings2022-10-012023-09-300001383414srt:MaximumMemberus-gaap:FairValueInputsLevel3Memberpnnt:ValuationTechniqueMarketComparableMemberpnnt:MeasurementInputMarketYieldMemberpnnt:FirstLienMember2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, LEP Pequod Holdings, LP, Industry Financial Services2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Subordinated Debt/Corporate Notes—9.82024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Dr. Squatch, LLC Funded Revolver Maturity 08/31/2027 Personal and Miscellaneous Services Current Coupon 11.16 Basis Point Spread Above Index 3M SOFR+5852024-03-310001383414pnnt:TruistCreditFacilityMember2023-01-012023-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, Delta InvestCo LP One (Sigma Defense Systems, LLC), Industry Telecommunications2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, Crane 1 Acquisition Parent Holdings, L.P., Industry Personal, Food and Miscellaneous Services2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, ITI Holdings, Inc. - Revolver, Maturity 03/03/2028, Industry Business Services, Current Coupon 13.00%, Basis Point Spread Above Index 3M SOFR+4502023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Second Lien Secured Debt—12.7% QuantiTech LLC Maturity 02/04/2027 Aerospace and Defense Current Coupon 15.43% Basis Point Spread Above Index 3M SOFR+10102023-10-012024-03-310001383414Minimum Qualifying Assets2023-09-300001383414pnnt:USGovernmentSecuritiesMemberpnnt:InvestmentsFairValueMember2024-03-310001383414us-gaap:RevolvingCreditFacilityMember2023-10-012024-03-310001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Fairbanks Morse Defense Maturity 6/17/2028 Industry Aerospace and Defense Current Coupon 10.40% Basis Point Spread Above Index SOFR+4752022-10-012023-09-300001383414pnnt:GroupOfSBICMemberpnnt:SBADebenturesMember2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Preferred Equity/Partnership Interests—2.6% Magnolia Topco LP - Class B Preferred Equity Auto Sector2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% AMCSI Crash Co-Invest, LP Auto Sector2022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, GMP Hills, LP - Common Equity, Industry Distribution2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Rancho Health MSO, Inc. Maturity 12/18/2025 Healthcare, Education and Childcare Current Coupon 11.22% Basis Point Spread Above Index 3M SOFR+5752023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Rancho Health MSO, Inc. - Revolver Maturity 12/18/2025 Healthcare, Education and Childcare Current Coupon 10.95% Basis Point Spread Above Index 3M SOFR+5852023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Rural Sourcing Holdings, Inc. – Unfunded Term Loan Maturity 06/15/2029 Business Services2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Wildcat Buyerco, Inc Unfunded Term Loan Maturity 02/27/2027 Electronics2024-03-310001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name Any Hour Services Maturity 07/21/2027 Industry Personal, Food and Miscellaneous Services Current Coupon 11.00% Basis Point Spread Above Index SOFR+5752024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, Medina Health, LLC - Revolver, Maturity 10/20/2028, Industry Healthcare, Education and Childcare, Current Coupon 11.56%, Basis Point Spread Above Index 3M SOFR+6252024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Integrated Data Services - Unfunded Revolver Maturity 08/01/2029 Business Services2022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Rural Sourcing Holdings, Inc. (Revolver) Maturity 06/15/2029 Business Services2022-10-012023-09-300001383414Investments in Controlled, Affiliated Portfolio Companies—43.0% Second Lien Secured Debt—0%2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, Loving Tan Intermediate II, Inc. - Revolver One, Maturity 05/31/2028, Industry Consumer Products2023-10-012024-03-310001383414Investments in Controlled, Affiliated Portfolio Companies—64.7%2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Watchtower Intermediate, LLC. - Revolver Maturity 12/01/2029 Electronics Current Coupon 11.31% Basis Point Spread Above Index 3M SOFR +6002023-10-012024-03-310001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name Beta Plus Technologies, Inc. Maturity 07/01/2029 Industry Business Services Current Coupon 11.10% Basis Point Spread Above Index SOFR+5752023-10-012024-03-310001383414pnnt:TwoThousandAndTwentySixNotesTwoMemberus-gaap:FairValueInputsLevel2Member2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% SSC Dominion Holdings, LLC Class B (US Dominion, Inc.) Electronics2022-10-012023-09-300001383414pnnt:NonControlledNonAffiliatedInvestmentsMember2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Schlesinger Global, Inc. Maturity 07/14/2025 Business Services Current Coupon 13.15% Basis Point Spread Above Index 3M SOFR+7752023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% MBS Holdings, Inc. (Revolver) Maturity 04/16/2027 Telecommunications2022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% Burgess Point Holdings, LP Auto Sector2022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, Altamira Intermediate Company II, Inc., Industry Aerospace and Defense2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, MOREGroup Holdings, Inc. Unfunded Revolver Maturity 01/16/2030, Industry Business Services2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Apex Service Partners, LLC (Revolver) Maturity 07/31/2025 Personal, Food and Miscellaneous Services2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% The TransGo, LLC Maturity 12/29/2028 Machinery Current Coupon 11.33% Basis Point Spread Above Index 3M SOFR +6002024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Hancock Roofing and Construction L.L.C.(Revolver) Maturity 12/31/2026 Insurance2023-09-300001383414Investments in NonInvestments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, Integrity Marketing Acquisition, LLC - Revolver, Maturity 08/31/2025, Industry Insurance-Controlled, Non-Affiliated Portfolio Companies—176.2% of Net Assets, First Lien Secured Debt—113.2% of Net Assets, Integrity Marketing Acquisition, LLC - Revolver, Maturity/Expiration 08/31/2025, Industry Insurance2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Common Equity/Partnership Interests/Warrants—24.7% TCG 3.0 Jogger Co-Invest, LP - Common Equity Media2024-03-310001383414pnnt:LongTermCreditFacilityMember2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, Municipal Emergency Services, Inc., Industry Distribution2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Apex Service Partners, LLC (Revolver) Maturity 07/31/2025 Personal, Food and Miscellaneous Services Current Coupon 10.79% Basis Point Spread Above Index 3M SOFR+5252022-10-012023-09-300001383414Investments in Controlled, Affiliated Portfolio Companies—64.7% First Lien Secured Debt—20.3% AKW Holdings Limited Maturity 03/15/2027 Healthcare, Education and Childcare Current Coupon 12.31% (PIK 6.8%)Basis Point Spread Above Index 3M SOFR+7002023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, MDI Aggregator, LP, Inc., Industry Chemicals, Plastics and Rubber2023-10-012024-03-310001383414us-gaap:MeasurementInputEbitdaMultipleMembersrt:MaximumMemberus-gaap:FairValueInputsLevel3Memberpnnt:ValuationTechniqueEnterpriseMarketValueMemberus-gaap:EquityMethodInvestmentsMember2023-09-300001383414us-gaap:InvestmentAffiliatedIssuerControlledMemberpnnt:PennantParkSeniorLoanFundLLCMember2023-09-300001383414pnnt:IncentiveFeePaymentConditionThreeMember2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Blackhawk Industrial Distribution, Inc. Maturity 09/17/2026 Distribution Current Coupon 11.75% Basis Point Spread Above Index 3M SOFR+6402024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Preferred Equity/Partnership Interests—2.6% Imagine Topco, LP Preferred Business Services Current Coupon 8.00% 2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, Magnolia Topco LP - Class B Industry Auto Sector2023-10-012024-03-310001383414us-gaap:InvestmentAffiliatedIssuerControlledMember2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Common Equity/Partnership Interests/Warrants—24.7% Quad (U.S.) Co-Invest, L.P. Business Services2024-03-310001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Lash OpCo, LLC Maturity 2/18/2027 Industry Consumer Products Current Coupon 12.13% Basis Point Spread Above Index SOFR+7002023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% Pink Lily Holdco, LLC Retail2022-10-012023-09-300001383414pnnt:EnvironmentalServicesMember2023-09-3000013834142023-01-012023-03-310001383414pnnt:TwoThousandAndTwentySixNotesMember2021-04-012021-04-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, Medina Health, LLC - Revolver, Maturity 10/20/2028, Industry Healthcare, Education and Childcare, Current Coupon 11.56%, Basis Point Spread Above Index 3M SOFR+6252023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% DRS Holdings III, Inc. (Revolver) Maturity 11/03/2025 Consumer Products2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% of Net Assets, PCS MIDCO INC - Funded Revolver Maturity 03/01/2030 Financial Services Current Coupon 11.08% Basis Point Spread Above Index 1M SOFR+5752024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Anteriad, LLC (f/k/a MeritDirect, LLC) (Revolver) Maturity 05/23/2024 Media2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Loving Tan Intermediate II, Inc. (Revolver) Maturity 05/31/2028 Consumer Products2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, Common Equity/Partnership Interests/Warrants—24.7% of Net Assets, Imagine Topco, LP, Industry Business Services2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—145.6% First Lien Secured Debt—93.2% LAV Gear Holdings, Inc. Maturity 10/31/2024 Leisure, Amusement, Motion Pictures, Entertainment Current Coupon 11.79% (PIK 5.50%) Basis Point Spread Above Index 1M SOFR+6402023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Common Equity/Partnership Interests/Warrants—24.7% SBI Holdings Investments LLC (Sales Benchmark Index LLC) Business Services2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Sargent & Greenleaf Inc. (Revolver) Maturity 12/20/2024 Electronics Current Coupon 12.92% Basis Point Spread Above Index 1M SOFR+6502023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Cartessa Aesthetics, LLC - (Revolver) Maturity 06/14/2028 Distribution Current Coupon 11.06% Basis Point Spread Above Index 3M SOFR+5752023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Subordinated Debt/Corporate Notes—10.7%2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% SSC Dominion Holdings, LLC Class B (US Dominion, Inc.) Electronics2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% A1 Garage Merger Sub, LLC - Unfunded Term Loan Maturity 12/21/2024 Personal, Food and Miscellaneous Services2024-03-310001383414Investments in Controlled, Affiliated Portfolio Companies—43.0% Subordinated Debt—20.4% PennantPark Senior Loan Fund, LLC Maturity 07/31/2027 Financial Services Current Coupon 13.37% Basis Point Spread Above Index 3M L+8002022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Ad.net Acquisition, LLC (Revolver) Maturity 05/07/2026 Media Current Coupon 11.65% Basis Point Spread Above Index 3M SOFR+6262022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% Lorient Peregrine Investments, LP Business Services2023-09-300001383414us-gaap:FairValueInputsLevel3Member2022-09-300001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Infinity Home Services Holdco, Inc. Maturity 12/28/2028 Industry Personal, Food and Miscellaneous Services Current Coupon 12.24% Basis Point Spread Above Index SOFR+6852023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% of Net Assets, NORA Acquisition, LLC - Revolver Maturity 08/31/2029 Healthcare, Education and Childcare2024-03-310001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name Solutionreach, Inc. Maturity 7/17/2025 Industry Communication Current Coupon 12.37% Basis Point Spread Above Index SOFR+7002023-09-300001383414Investments and Cash Equivalents—254%2024-03-310001383414Related Party PSLF First Lien Secured Debt - 770.3% Related Party PSLF Issuer Name NBH Group LLC Maturity 8/19/2026 Industry Healthcare, Education and Childcare Current Coupon 11.17% Basis Point Spread Above Index SOFR+5752024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% NEPRT Parent Holdings, LLC (Recteq, LLC) Consumer Products2022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Wildcat Buyerco, Inc. (Revolver) Maturity 02/27/2026 Electronics Current Coupon 10.17% Basis Point Spread Above Index 3M SOFR+5852023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, HV Watterson Holdings, LLC, Maturity 12/17/2026, Industry Business Services, Current Coupon 11.46%, Basis Point Spread Above Index 1M SOFR+615 2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% Hancock Claims Consultants Investors, LLC Insurance2023-09-300001383414pnnt:TruistCreditFacilityMember2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% A1 Garage Merger Sub, LLC - Unfunded Term Loan Maturity 12/21/2024 Personal, Food and Miscellaneous Services2022-10-012023-09-300001383414Related Party PSLF First Lien Secured Debt - 783.7% Issuer Name One Stop Mailing, LLC Maturity 5/7/2027 Industry Transportation Current Coupon 11.68% Basis Point Spread Above Index SOFR+6252022-10-012023-09-300001383414Investments—246.9% of Net Assets2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% QuantiTech InvestCo LP Aerospace and Defense One2022-10-012023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Sigma Defense Systems, LLC – Revolver Maturity 12/18/2027 Telecommunications Current Coupon 12.46% Basis Point Spread Above Index 1M SOFR+7152023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Quantic Electronics, LLC Maturity 11/19/2026 Aerospace and Defense Current Coupon 11.74% Basis Point Spread Above Index 3M SOFR+6352023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Common Equity/Partnership Interests/Warrants—24.7% RFMG Parent, LP (Rancho Health MSO, Inc.) Healthcare, Education and Childcare2023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Common Equity/Partnership Interests/Warrants—24.7% TWD Parent Holdings, LLC (The Vertex Companies, LLC) Business Services2024-03-310001383414pnnt:USGovernmentSecuritiesMember2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% A1 Garage Merger Sub, LLC - Revolver Maturity 12/22/2028 Personal, Food and Miscellaneous Services2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% Common Equity/Partnership Interests/Warrants—23.0% Magnolia Topco LP - Class B Common Equity Auto Sector2023-09-300001383414pnnt:ClassA1BMemberus-gaap:PrivatePlacementMemberpnnt:PennantParkCloViiMember2023-07-262023-07-260001383414Related Party PSLF First Lien Secured Debt - 770.3% Issuer Name Exigo Intermediate II, LLC Maturity 3/15/2027 Industry Business Services Current Coupon 11.43% Basis Point Spread Above Index SOFR+5752023-10-012024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% of Net Assets, First Lien Secured Debt—113.1% of Net Assets, Infinity Home Services Holdco, Inc., Maturity/Expiration 12/28/2028, Industry Personal, Food and Miscellaneous Services, Current Coupon 12.18%, Basis Point Spread Above Index 3M SOFR+6852024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—165.4% First Lien Secured Debt—93.2% Arcfield Acquisition Corp. (Revolver) Maturity 08/04/2028 Aerospace and Defense2023-09-300001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% First Lien Secured Debt—113.1% Carnegie Dartlet, LLC Unfunded Term Loan Maturity 02/07/2030 Education2024-03-310001383414Investments in Non-Controlled, Non-Affiliated Portfolio Companies—174.8% Common Equity/Partnership Interests/Warrants—24.7% SV Aero Holdings, LLC Aerospace and Defense2024-03-310001383414pnnt:USGovernmentSecuritiesMemberpnnt:InvestmentsFairValueMember2023-09-300001383414srt:MaximumMemberus-gaap:FairValueInputsLevel3Memberpnnt:ValuationTechniqueMarketComparableMemberpnnt:MeasurementInputMarketYieldMemberpnnt:FirstLienMember2023-09-300001383414