PENN Capital

PENN Capital is founded in 1987 it is Philadelphia-US, based Hedge fund manager, with a primary focus on capital structure investing through proprietary research. The firm has remained 100% employee-owned since its inception and employs a private approach to the public market. Penn Capital offers its investment strategies focuses on micro-to mid-cap equity securities, fixed income, and high yield securities, and bank loans through registered mutual funds, separately managed accounts, and private investment funds. Penn Capital equity strategies seek to gain an informational advantage on what the firm believes are under-followed companies with complex balance sheets to capitalize on market inefficiencies. High yield credit analysis specializes in leveraged capital structures. In relation to distressed securities, PENN Capital invests primarily in companies whose debt becomes impaired due to poor fundamentals, a negative event, or insufficient capital structure liquidity to fund operations. The firm also offers credit and absolute return strategies. The credit strategies seek to balance quality, duration, and relative value opportunities to provide high and durable income. While the total return strategies seek to harvest market inefficiencies by utilizing opportunistic and conservative allocations along with the capital structure.