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Spouting Rock Asset Management Acquires Majority Stake in Penn Capital

Penn Capital is pleased to announce that as of December 10, 2020, we are entering into a partnership with Spouting Rock Asset Management (“Spouting Rock”) whereby Spouting Rock will become the majority owner of Penn Capital. Spouting Rock, located in suburban Philadelphia, PA, is a multi-boutique platform providing alternative, traditional, and thematic investment solutions and services

We believe this partnership enables us to continue providing high quality products and services to our clients as we transition the firm to a new generation of owners.  This is extremely positive news and a strong reflection of the confidence we have in our long-standing investment process, our investment strategies, and our people.  Importantly, this merger will allow our investment team to remain intact and focus on what they do best – manage investments.  

Since our inception in 1987, our firm has specialized in the fundamental, bottom-up research of underfollowed, speculative grade companies.  We are incredibly excited about this news and believe Spouting Rock will be a valuable business partner as we grow.  Our focus will continue to remain on managing our investment strategies and seeking positive performance for our clients. 

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