Smaller Company

Inception Date: 12/31/2011

INVESTMENT PHILOSOPHY

Penn Capital’s Complete Capital Structure Analysis® of smaller capitalization companies with complex balance sheets seeks to capture inefficiencies that traditional equity analysts frequently avoid. Our private equity approach to public markets targets companies that are undervalued and improving their capital structure.

Differentiated return profile characteristics include:

  • High active share, low peer holdings overlap/correlation, high M&A premiums, private equity return catalysts
  • Top-ranked market capture versus majority of peers exhibiting defensive return profile
  • Focus on full market cycle; seek long-term performance in line with private equity market
  • Invests at least 50% of the assets in companies with market capitalizations in the smallest 75% of the Bloomberg 2000

    Credit 

    Equity