# EDGAR Filing Document

**Accession Number:** 0002089126
**File Stem:** 0001193125-25-327245
**Filing Date:** 2025-12
**Character Count:** 10619
**Document Hash:** 2ba6a574d56c998c7ebcc3476b7dc125
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-327245.hdr.sgml**: 20251219

**ACCESSION NUMBER**: 0001193125-25-327245

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20251219

**DATE AS OF CHANGE**: 20251219

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PennantPark Private Income Fund
- **CENTRAL INDEX KEY:** 0002089126

**ORGANIZATION NAME:**
- **EIN:** 334777837
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-95397
- **FILM NUMBER:** 251589071

**BUSINESS ADDRESS:**
- **STREET 1:** 1691 MICHIGAN AVENUE
- **CITY:** MIAMI BEACH
- **STATE:** FL
- **ZIP:** 33139
- **BUSINESS PHONE:** 7862979500

**MAIL ADDRESS:**
- **STREET 1:** 1691 MICHIGAN AVENUE
- **CITY:** MIAMI BEACH
- **STATE:** FL
- **ZIP:** 33139
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PENN ARTHUR H
- **CENTRAL INDEX KEY:** 0001284937

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D

**MAIL ADDRESS:**
- **STREET 1:** 1691 MICHIGAN AVENUE
- **CITY:** MIAMI BEACH
- **STATE:** FL
- **ZIP:** 33139

### Attached PDF Documents

**Attachment 1:** `ck0000000000-ex99_1.pdf`

_No text found in this document._

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**PennantPark Private Income Fund**

*(Name of Issuer)*

**Common Shares, Par Value $0.001 Per Share**

*(Title of Class of Securities)*

**000000000**

*(CUSIP Number)*

**Thomas J. Friedmann**<br>One International Place, 40th Floor<br>100 Oliver Street<br>Boston MA 02110<br>(617) 728-7100

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**12/09/2025**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **000000000** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Arthur H. Penn** | Name of reporting person<br>**Arthur H. Penn** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**X1** | Citizenship or place of organization<br>**X1** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**1000000.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**1000000.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**1000000.00** | Aggregate amount beneficially owned by each reporting person<br>**1000000.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**55.0%** | Percent of class represented by amount in Row (11)<br>**55.0%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Comment for Reporting Person:** (1)	In regards to row 2 above, Mr. Penn indirectly beneficially owns the securities disclosed herein by virtue of his ownership of PennantPark Private Holdings, LP.

| **CUSIP No.** | **000000000** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**PennantPark Private Holdings, LP** | Name of reporting person<br>**PennantPark Private Holdings, LP** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**WC** | Source of funds (See Instructions)<br>**WC** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**X1** | Citizenship or place of organization<br>**X1** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**1000000.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**1000000.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**1000000.00** | Aggregate amount beneficially owned by each reporting person<br>**1000000.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**55.0%** | Percent of class represented by amount in Row (11)<br>**55.0%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

**Comment for Reporting Person:** (1)	In regards to row 2 above, Mr. Penn indirectly beneficially owns the securities disclosed herein by virtue of his ownership of PennantPark Private Holdings, LP.

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Common Shares, Par Value $0.001 Per Share

**(b) Name of Issuer:**
PennantPark Private Income Fund

**(c) Address of Issuer's Principal Executive Offices:**
1691 Michigan Avenue, Miami Beach, FL, 33139

**Item 4. Purpose of Transaction**

The information set forth in Item 2 is incorporated herein by reference.

The Reporting Persons have acquired the securities reported herein for investment purposes and in furtherance of the Issuer's ability to conduct, operate and carry on the business of a business development company within the meaning of the 1940 Act.

Mr. Penn has control of PennantPark Private Income Fund Advisers, LLC, the Issuer's investment adviser (the "Issuer Adviser"), and the Issuer Administrator, in his capacity as managing member of PPIA, which serves as the sole member of each of the Issuer Adviser and the Issuer Administrator.

Other than as described above, neither Reporting Person has any present plans or proposals which relate to or would result in any transaction, change or event specified in clauses (a) through (j) of Item 4 of Schedule 13D.

**Item 5. Interest in Securities of the Issuer**

**(a)**
Each of Mr. Penn and Private Holdings may be deemed to beneficially own 1,000,000 shares of Common Shares of the Issuer, which represents approximately 55.0% of the shares of Common Shares outstanding, based on 1,800,000 shares of Common Shares outstanding as of December 5, 2025, as reported by the Issuer on its Registration Statement on Form 10 filed with the Securities and Exchange Commission (the "SEC") on December 5, 2025 (the "Registration Statement"). The shares of Common Shares reported herein are directly held and beneficially owned by Private Holdings. Mr. Penn, who wholly owns Private Holdings, may be deemed the beneficial owner of the shares of Common Shares directly held by Private Holdings. Mr. Penn does not directly own any shares of the Issuer other than through his ownership of Private Holdings. Mr. Penn disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this Schedule 13D shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.

**(b)**
1,000,000

**(c)**
Other than as reported in this Schedule 13D or as otherwise reported by the Issuer in its Registration Statement, neither Reporting Person has effected any transaction in the class of securities reported in the past 60 days.

**Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.**

The information set forth in Items 2, 3 and 4 is incorporated herein by reference.

Private Holdings acquired the securities reported on this Schedule 13D pursuant to (i) a seed subscription agreement dated on or around June 30, 2025 (the "Seed Agreement"), pursuant to which Private Holdings made a $10,000 seed capital contribution to the Issuer and (ii) the Subscription Agreement, pursuant to which Private Holdings funded the balance of its capital contributions to the Issuer. Private Holdings has fully funded all amounts due under the Seed Agreement and the Subscription Agreement.

Except as described above, there are no contracts, arrangements, understandings, or relationships (legal or otherwise) between the Reporting Persons and between such persons and any other person with respect to any securities of the Issuer, including but not limited to transfer or voting of any of the securities, finder's fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or loss, or the giving or withholding of proxies.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Arthur H. Penn

**Signature:** /s/ Arthur H. Penn

**Name/Title:** Arthur H. Penn

**Date:** 12/19/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** PennantPark Private Holdings, LP

**Signature:** /s/ Arthur H. Penn

**Name/Title:** General Partner

**Date:** 12/19/2025