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PennantPark Senior Credit Fund II Unlevered Rated Note Feeder, LP

Feeder Fund2026 vintage506(b), 3(c)
Latest signalNew Form D filerForm D · 2026-10-152 events: 1 new form d filer, 1 large raiseLast filing 2026-10-15

Raised

$112M

Investors

2

Min Invest

None stated

AltStreet Analysis

·

Generated from EDGAR primary sources

PennantPark Senior Credit Fund II Unlevered Rated Note Feeder, LP is a Delaware feeder fund structured as a pooled investment vehicle, filed by PennantPark Investment Advisers, LLC under Rule 506(b) and Section 3(c) exemptions. The filing reports $112.0 million raised from 2 investors, with minimum investment and first sale date not disclosed on the form. No parent platform or sibling entities were identified in available records.

This entity sits in the institutional private credit feeder fund segment of alternative investments, using the common 506(b)/3(c) exemption pairing typical of pooled investment vehicles targeting accredited and qualified purchasers. The $112.0 million raise concentrated among only 2 investors suggests an institutional co-investment or feeder structure rather than a retail-distributed offering, though minimum investment terms are not disclosed on the public filing.

Data Flags

Total Investors$112.0M raised from only 2 investors implies an average commitment of roughly $56M per investor, consistent with an institutional anchor/co-investment structure rather than a broadly distributed fund.
ExemptionFiling claims both 506(b) and 3(c) exemptions simultaneously, a standard dual-exemption pattern for pooled investment funds combining Securities Act and Investment Company Act relief.
First Sale DateFirst sale date is not disclosed; given the raise exceeds $100M, this is consistent with standard institutional filing practice rather than an anomaly.

EDGAR Filing Data

Form D — Primary Source

View on SEC.gov
CIK Number0002156937
Entity NamePennantPark Senior Credit Fund II Unlevered Rated Note Feeder, LP
ExemptionRule 506(b), Section 3(c), Section 3(c)(7)
What the exemption meansRule 506(b) of Regulation D: securities may be sold to an unlimited number of accredited investors and up to 35 non-accredited investors who meet the rule's sophistication standard, without general solicitation or advertising. Section 3(c) of the Investment Company Act of 1940: the issuer is a pooled investment vehicle relying on an exclusion from registration as an investment company. Section 3(c)(7) of the Investment Company Act: the fund is excluded from investment-company registration because every investor is a qualified purchaser, generally an individual with at least $5 million in investments or an institution with at least $25 million.
Entity TypeLimited Partnership
Jurisdiction of OrganizationDelaware
Year Organized2026
Issuer AddressC/O Pennantpark Investment Advisers, LLC, 1691 Michigan Ave., Suite 500, Miami Beach, FL 33139
Phone(212) 905-1000
Industry / Fund TypePooled Investment Fund · Other Investment Fund
Investment Company ActExcluded under Section 3(c)(7) (qualified purchasers only)
Securities TypePooled Investment Fund
First Sale Date—
Filing DateOctober 15, 2026
Accession Number0002156937-26-000001
Total Offering AmountIndefinite
Total Amount Sold$112,000,000
Total Investors2
Non-Accredited InvestorsNone
Minimum Investment$0 (no stated minimum)
Offering DurationOne year or less
Sales Commissions$0
Finders' Fees$0
Proceeds to Related Persons$0
Net Asset Value RangeDecline to Disclose
State (Issuer Address)FL
Amendment CountOriginal filing only
Signed ByArthur H. Penn, Chief Executive Officer of the General Partner

Filings on Record

Every filing AltStreet's ledger holds for this CIK, newest first. Each opens the SEC archive folder.

DOctober 15, 2026

In the Terminal

Filing events

2

latest Oct 15, 2026

Critical / warning

0 / 0

2 watch · 0 info

Statements extracted

0

none on file

NAV prints

0

none on file

Offering chains

1

raising

Latest event New filer · Oct 15, 2026

SEC.gov
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Investor

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  • 1 offering timeline: velocity, share raised, first-sale lag, stalled flags

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Related Persons (Form D)

Executive officers, directors, and promoters listed on the SEC Form D filing. Source: SEC.gov.

n/a PennantPark Senior Credit Fund II GP, LLC

Promoter · Miami Beach, FL

n/a PennantPark Investment Advisers, LLC

Promoter · Miami Beach, FL

Arthur Penn

Executive Officer · Miami Beach, FL

Richard Allorto, Jr.

Executive Officer · Miami Beach, FL

Questions About PennantPark Senior Credit Fund II Unlevered Rated Note Feeder, LP

Each answer is built from the values on the SEC filing and the AltStreet ledger, not from the issuer's marketing.

What is PennantPark Senior Credit Fund II Unlevered Rated Note Feeder, LP?

PennantPark Senior Credit Fund II Unlevered Rated Note Feeder, LP is a Delaware limited partnership organized in 2026 that filed a Form D with the SEC on October 15, 2026 as a other investment fund. The filing claims Rule 506(b), Section 3(c), Section 3(c)(7) for an offering of pooled investment fund interests.

Is PennantPark Senior Credit Fund II Unlevered Rated Note Feeder, LP legit?

AltStreet does not rate legitimacy; it reports the public record. PennantPark Senior Credit Fund II Unlevered Rated Note Feeder, LP filed a Form D with the SEC on October 15, 2026 claiming Rule 506(b), Section 3(c), Section 3(c)(7). A Form D is a notice of an exempt offering, not a review or approval of it. The newest notice reports $112,000,000 sold to 2 investors. AltStreet's enforcement record (SEC, FINRA and state actions) shows no action naming the issuer as of today. Before investing, confirm the filing on EDGAR, check the seller's registration on FINRA BrokerCheck, and read the offering documents, which a Form D does not include.

Is PennantPark Senior Credit Fund II Unlevered Rated Note Feeder, LP registered with or approved by the SEC?

No. A Form D is a notice that an issuer is selling securities under an exemption from registration, and the SEC does not review, approve, or pass on the merits of the offering. The filing shows that PennantPark Senior Credit Fund II Unlevered Rated Note Feeder, LP claimed Rule 506(b), Section 3(c), Section 3(c)(7) and disclosed the items the form requires, such as the amount sold, the minimum investment, related persons, and anyone paid to sell the securities. It does not verify the issuer's claims or its business.

How much has PennantPark Senior Credit Fund II Unlevered Rated Note Feeder, LP raised?

PennantPark Senior Credit Fund II Unlevered Rated Note Feeder, LP reported $112,000,000 sold from 2 investors in an offering of indefinite size as of the Form D filed October 15, 2026.

Who can invest in PennantPark Senior Credit Fund II Unlevered Rated Note Feeder, LP?

The offering relies on Rule 506(b), which permits sales to accredited investors and to no more than 35 non-accredited investors who meet a sophistication standard, and prohibits general solicitation. Because the fund also relies on Section 3(c)(7), each investor must be a qualified purchaser, generally an individual with at least $5 million in investments. The filing reports no non-accredited investors. The filing lists the minimum investment as $0, meaning no minimum was stated.

What is the minimum investment in PennantPark Senior Credit Fund II Unlevered Rated Note Feeder, LP?

The Form D lists the minimum investment as $0, which means the issuer did not state a minimum on the form. The offering documents, not the Form D, set the actual subscription terms.

Who is selling PennantPark Senior Credit Fund II Unlevered Rated Note Feeder, LP and how are they paid?

The Form D names no recipient of sales compensation, which usually means the issuer or its affiliates are placing the securities directly. Sales commissions are reported as $0 and finders' fees as $0. Form D allows these to be estimates.

Who is behind PennantPark Senior Credit Fund II Unlevered Rated Note Feeder, LP?

The Form D lists 4 related persons: PennantPark Senior Credit Fund II GP, LLC, promoter (General Partner of the Issuer); PennantPark Investment Advisers, LLC, promoter (Investment Manager of the Issuer); Arthur H. Penn, executive officer (Chief Executive Officer of the General Partner); Richard T. Allorto, Jr., executive officer (Chief Financial Officer of the General Partner). Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.

Where is PennantPark Senior Credit Fund II Unlevered Rated Note Feeder, LP located?

The issuer's address on its SEC filings is C/O Pennantpark Investment Advisers, LLC, 1691 Michigan Ave., Suite 500, Miami Beach, FL 33139. Its phone number of record is 212-905-1000. It is organized under the laws of Delaware.

How long is the PennantPark Senior Credit Fund II Unlevered Rated Note Feeder, LP offering open?

The issuer indicated that the offering is not intended to last more than one year. An issuer must amend its Form D annually while a continuing offering stays open, and no amendment is on record yet.

How large is PennantPark Senior Credit Fund II Unlevered Rated Note Feeder, LP?

The issuer declined to disclose its net asset value range on the Form D, which the form permits.

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Data Methodology

Capital raise figures, investor counts, and filing dates are sourced directly from SEC EDGAR Form D primary documents via the SEC EDGAR submissions API and full-text search index. EDGAR entity profiles and deal-level data are reviewed by AltStreet analysts with backgrounds in corporate finance and securities law — cross-referenced against offering circulars, audited financial statements, and primary regulatory filings before publication. Platform-provided information, where present, is clearly labeled and does not affect EDGAR data or AltStreet editorial coverage. Platforms may request factual corrections for demonstrable inaccuracies by contacting [email protected]. This page does not constitute investment advice.