PennantPark Investment Corporation (NYSE:PNNT) is seeking acquisitions. During the company?s first quarter 2024 earnings conference call, Mr. Arthur Penn, Chairman and Chief Executive Officer said that ?Yes. Look, it's -- a lot of what we do is start off with companies as a platform in a particular sector where the private equity sponsor says, hey, this is our platform company.

We're going to go execute a strategy of doing add-on acquisitions. And we finance them either with delayed draws or just add-ons and incrementals. And it's part of our normal flow.

Again, this is where our equity co-invest can be helpful where we're helping them grow the platform, and we can participate in the upside. So, nothing really dramatic. It just we were active in that calendar fourth quarter, and that activity included existing portfolio of companies?.