Success in business does not mean anything if a person does not have the right relationships with God and his fellowmen. It seems that Penn is fortunate because he has found the right balance between business and service to his fellowmen.
Arthur Penn is a successful businessman as well as a very religious man. He is at the helm of several business firms. Penn is currently the Chairman and Chief Executive Officer of Pennant Park Investment Corp., the Chief Executive Officer of Pennant Park Floating Rate Capital Ltd., a Managing Member of Pennant Park Investment Administration LLC, the founder and Managing Partner of Pennant Park Investment Advisers LLC, and the Chief Executive Officer of MCG Capital Corporation.
His previous business affiliation was with the Apollo Investment Corporation as its President and Chief Operating Officer. Aside from serving in this position, he also served as Apollo’s Managing Partner in the company’s investment management LP company, as well as its value investment fund LP entity. Penn was also connected with BT Securities Corporation as its Fixed Income Capital Markets Head.
In all of his business affiliations and experiences, Penn is also very devoted to his religion. He is currently the Chairman of the Board of Park Avenue Synagogue at number 50 East 87th Street, Upper East Side of Manhattan, New York City. He has been serving this synagogue in this capacity for several years.
Penn has more than 30 years of business experience in private equity business, distressed debt, leveraged financing and mezzanine lending. In the companies that he served as a key officer, he has involved himself in various types of business transactions that included investments monitoring and management, consummating, negotiating, structuring and initiating. Before he established Pennant Park Investment Corp., Penn co-founded an investment company in 2004 and worked with a number of business entities.
One of these companies was Apollo Investment Management. Penn served as its Managing Partner up to the time he left the company in 2006.
He held the position of President and Chief Operating Officer at this company at the time of his departure. From 2003 to 2006, Arthur Penn Pennant Park also served as a Managing Partner at Apollo Value Fund LP which is formerly known as Apollo Distressed Investment Fund LP. Apart from Apollo, Penn also worked with another company, UBS Warburg LLC, which is currently known as UBS International Bank. He served as the bank’s Leveraged Finance Global Head. His tenure in this position was from 1999 to 2001. But before working with UBS, Penn was connected with BT Alex and BT Securities and Brown Incorporated from 2003 to 2006. He also worked with the Lehman Brothers from 1992 to 1994 as their High-Yield Capital Markets Head.
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