PennantPark Floating Rate Capital Ltd is a non-diversified closed-end management investment company invests in small market-cap and public middle market companies located in the U.S. and to a limited extent non-US companies. The fund invests in equity securities such as preferred stock, common stock, warrants or options received in connection with debt investments or through direct investments with investment size of $2 to $20 million. It also invests between $10 million and $50 million in senior secured loans such as first lien secured debt, second lien secured debt, subordinated debt and mezzanine debt. It also makes secondary direct investments. The company was founded in 2007 and is headquartered in New York, NY.