We conduct a fully integrated credit and equity research process with a focus on understanding the entire capital structure of a company.
Penn Capital is an independent, employee-owned, SEC registered investment management firm. We manage multiple investment styles that leverage our coverage of publicly traded companies in the micro- to mid-capitalization range, as well as companies that issue non-investment grade debt.
Our Story
Founded in 1987, we are independently owned with over 60 employees, 29 partners, and a 24-member investment team.
Our Community
Penn Capital is committed to supporting where we live and work by partnering our corporate resources with the needs of our surrounding community.
The Penn Capital Philanthropy Committee is comprised of employees throughout the firm who volunteer their time and talents and are responsible for creating and implementing the firm's philanthropic initiatives and volunteer opportunities.
Strategies in Focus
Defensive Short Duration High Yield bonds combine the downside preservation of investment grade bonds with the upside return potential of high yield bonds while minimizing interest rate risk. This overlooked and underutilized asset class can be a distinguishing diversifier within an optimal portfolio.
Credit
Penn Capital credit strategies employ a private approach to the public market with a Complete Capital Structure Analysis®. The credit strategies seek to balance quality, duration, and relative value opportunities to provide high and durable income. Equity analysis is uniquely incorporated as part of a comprehensive mosaic constructed by an integrated team of capital structure specialists.
Equity
Penn Capital equity strategies employ a private approach to the public market with a Complete Capital Structure Analysis. The equity strategies seek to gain an informational advantage on what we believe are underfollowed companies with complex balance sheets to capitalize on market inefficiencies. High yield credit analysis specializes in leveraged capital structures, which uniquely identifies debt catalysts.
