Institutions & Corporations


Mitchel Penn, CFA

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Managing Director

Mitchel Penn is a Managing Director covering business development companies (BDCs) in Janney’s Equity and Fixed Income Research Groups.

Mr. Penn came to Janney with over 25 years of experience. Prior to joining the Firm, he was an Equity Portfolio Manager/Financial Analyst at Legg Mason Capital Management from 2001 to 2012, where he specialized in financial companies. From 1996 to 2001 he managed a $400 million fixed income portfolio at Legg Mason Capital Management. Prior to joining Legg Mason, Mr. Penn managed a $20 billion fixed income portfolio at Aetna. He also worked for Price Waterhouse from 1981 to 1985.

Mr. Penn received his Chartered Financial Analyst designation in 1995 and is a member of the Baltimore CFA Society. He was President of the Baltimore Society (2001-2002) and served on the Board of Directors.

He received his B.S. in Accounting from Villanova University, Magna Cum Laude, Phi Kappa Phi, Beta Gamma Sigma in 1981 and his M.B.A. in Finance/Marketing from the University of Chicago in 1987.

Companies Under Coverage
Alcentra Capital Corporation (ABDC)
Ares Capital Corporation (ARCC)
Capital Southwest Corporation (CSWC)
Capitala Finance Corp. (CPTA)
Compass Diversified (CODI)
Fidus Investment Corporation (FDUS)
FS Investment (FSIC)
Garrison Capital, Inc. (GARS)
Gladstone Capital Corp. (GLAD)
Gladstone Investment Corp. (GAIN)
Golub Capital BDC, Inc. (GBDC)
Great Elm Capital Corp. (GECC)
Harvest Capital Credit Corporation (HCAP)
Hercules Technology Growth Capital, Inc. (HTGC)
Main Street Capital Corp. (MAIN)
Medley Capital Corp. (MCC)
Monroe Capital Corporation (MRCC)
New Mountain Finance Corporation (NMFC)
OFS Capital Corporation (OFS)
PennantPark Floating Rate Capital LTD (PFLT)
PennantPark Investment Corporation (PNNT)
Saratoga Investment Corp. (SAR)
Stellus Capital Investment Corp. (SCM)
THL Credit, Inc. (TCRD)
TPG Specialty Lending (TSLX)
Triangle Capital Corp. (TCAP)
TriplePoint Venture Growth BDC Corp (TPVG)