Penn Capital’s Complete Capital Structure Analysis® of smaller capitalization companies with complex balance sheets captures inefficiencies that traditional equity analysts, with little bond/covenant exposure, frequently avoid. Our private equity approach to public markets targets undervalued companies moving towards their optimal capital structure, resulting in a unique return profile with a greater M&A experience than the Russell 2000 Growth Index.
Differentiated return profile characteristics:
- 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; long-term performance in line with private equity market