Penn Park Capital Management Limited
15.7.2024 13:34:58 CEST | ACCESS Newswire | Press release
Penn Park Capital Management Announces Temporary Closure of the Penn Park Digital Growth Fund to New Investors Following Unprecedented Demand and Record-Breaking Performance in the First Half of 2024.
LONDON, UK / ACCESSWIRE / July 12, 2024 / Penn Park Capital Management Limited, a leading European fund manager with offices in London and Luxembourg, is pleased to announce a significant milestone for the Penn Park Digital Growth Fund. The fund has experienced extraordinary demand over the past 12 months, driven by massive interest in the digital asset landscape following ETF approvals in the sector.
Over the last three months, the Penn Park Digital Growth Fund has achieved record-breaking returns, marking one of its most successful quarters to date. This remarkable performance underscores the fund's strategic approach and the growing confidence in digital assets among investors.
In light of this exceptional demand and the fund's impressive performance, Penn Park Capital Management has made the strategic decision to temporarily close the Penn Park Digital Growth Fund to new investors. This measure is taken to ensure the fund continues to deliver high levels of performance and to manage the liquidity challenges associated with digital assets, which tend to have lower liquidity compared to traditional asset classes.
The fund will be capped at $500 million until further notice. This decision will be reviewed periodically, considering improvements in liquidity or withdrawals by existing investors. At such time, Penn Park Capital Management will evaluate the potential to reopen the fund to new investors.
"We are thrilled with the performance of the Penn Park Digital Growth Fund and the overwhelming interest from the investment community," said Daniel King, Senior Analyst at Penn Park Capital Management Limited. "Our primary goal is to maintain the integrity and performance of the fund for our current investors. By capping the fund, we can ensure that we continue to manage it effectively and capitalize on the exciting opportunities within the digital asset space."
Penn Park Capital Management remains committed to delivering exceptional investment solutions and will continue to monitor market conditions closely. The firm looks forward to providing updates on the status of the Penn Park Digital Growth Fund and potential opportunities for new investors in the future.
About Penn Park Capital Management: Penn Park Capital Management is a leading investment firm specializing in fund management, dedicated to delivering long-term returns for its clients. Concentrating on disruptive industry sectors and robust risk management, Penn Park Capital Management employs a disciplined approach to investment. By leveraging extensive market expertise and rigorous research, the firm identifies compelling opportunities across global markets.
For media enquiries, please contact:
Mrs. Esme Mcalley-Burnside (Public Relations Officer)
Penn Park Capital Management Ltd
Email: esme.burnside@pennparkcapital.com
Web: www.pennparkcapital.com
Tel: +44(0)20 3468 0662
Address: 8 St James's Square, London, SW1Y 4JU, England
SOURCE: Penn Park Capital Management
View the original press release on accesswire.com
To view this piece of content from www.accesswire.com, please give your consent at the top of this page.
About ACCESS Newswire
Subscribe to releases from ACCESS Newswire
Subscribe to all the latest releases from ACCESS Newswire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from ACCESS Newswire
Surmodics Launches MetalPro(TM) Direct-to-Metal Hydrophilic Coatings for Medical Devices30.10.2026 14:37:00 CET | Press release
HORSHAM, PA / ACCESS Newswire / October 30, 2026 / Surmodics Inc., a leading provider of surface technologies and performance coatings for the medical device industry, today announced at the opening of the Transcatheter Cardiovascular Therapeutics (TCT) conference in San Diego the launch of MetalPro™ direct-to-metal UV cure hydrophilic coatings engineered to bond directly to metal surfaces without primers or tie-layers. By eliminating additional tie-layers, MetalPro simplifies coating applications, reduces process complexity and has the potential to lower overall coating costs. The direct-to-metal approach also provides manufacturers with greater design flexibility, particularly for complex catheter systems where coating thickness and mechanical performance are important considerations. "Medical device engineers are continually challenged to improve device performance while simplifying manufacturing and managing costs," said Bob Hergenrother, PhD, Vice President of R&D and Innovation a
Chervon Launches Advanced Momentum Program (AMP) to Hire & Develop the Next Generation of Leaders30.10.2026 14:00:00 CET | Press release
NAPERVILLE, IL / ACCESS Newswire / October 30, 2026 / Chervon launches Advanced Momentum Program (AMP), reporting to Matt DeFeo, Senior Vice President, Sales, Training, and Recruiting. Chervon will be hiring hundreds of college graduates in the months and years ahead to deliver the company's aggressive growth strategy. The new AMP initiative was developed to catalyze Chervon's recruiting, training, development, promoting, and mentoring of the very best high-potential college grads. AMP will develop the next generation of Chervon leaders. The program features a comprehensive product, skills, and career development training system. AMP will recruit, develop and promote high-potential new hires into a broad range of positions including store coverage, end-user marketing, sales, product management, e-commerce/digital marketing, channel management, commercialization, service, engineering, supply chain, operations, and finance. Ultimately AMP will produce a stream of outstanding senior execu
Aehr Test Systems Appoints Former Meta Infrastructure Executive Vijay Rao to Board of Directors29.10.2026 12:30:00 CET | Press release
FREMONT, CA / ACCESS Newswire / October 29, 2026 / Aehr Test Systems (NASDAQ:AEHR), a leading provider of test and burn-in solutions for semiconductor devices used in artificial intelligence (AI), silicon photonics, data center, automotive, and industrial applications, today announced the appointment of Vijay Rao to its Board of Directors, effective October 28, 2026. Rao brings 30 years of technology industry experience, including more than 13 years at Meta, where he most recently served as Vice President of Infrastructure. His experience spans infrastructure strategy, AI computing, and semiconductor technologies in hyperscale, enterprise, and startup environments. "Vijay brings deep expertise in infrastructure requirements of hyperscale data centers, including the integration of AI accelerators, high-performance memory, and optical networking," said Gayn Erickson, President and Chief Executive Officer of Aehr Test Systems. "He understands firsthand how semiconductor quality and reliab
U.S. Polo Assn. Executes Early on Europe's Digital Product Passport Mandate29.10.2026 12:00:00 CET | Press release
WEST PALM BEACH, FL / ACCESS Newswire / October 29, 2026 / U.S. Polo Assn.®, the official sports brand of the United States Polo Association (USPA), with a multi-billion-dollar global footprint and distribution in more than 190 countries through some 1,200 U.S. Polo Assn. mono-brand retail stores, numerous branded websites and thousands of other points of distribution worldwide, today announced the brand's early activation of Digital Product Passports (DPPs) across product categories sold into the European Union (EU). As Europe prepares to launch the Digital Product Passport Registry, U.S. Polo Assn. has taken a proactive approach by preparing to deploy DPPs across all products sold into the EU well ahead of the mandatory compliance deadline expected in 2028 or 2029. The global sports brand has already mapped product information for millions of products, creating a scalable framework that will enhance product transparency and support compliance readiness throughout its European operati
LiberNovo Previews Treat Yourself Halloween Flash Sale Across Europe29.10.2026 08:40:00 CET | Press release
HONG KONG, HK / ACCESS Newswire / October 29, 2026 / LiberNovo is bringing Halloween treats to the desk with its Treat Yourself Halloween Flash Sale, opening October 29 across the European Union and United Kingdom. The event pairs savings of up to 40% on selected Maxis and LiberNovo Omni Pro configurations with limited seasonal gifts for qualifying early shoppers. Spooky extras for your desk Limited Halloween-themed gift packs are available to the first 300 eligible customers in the European Union and the first 100 in the United Kingdom, on a first-come, first-served basis while supplies last. Gift contents, qualifying purchases and availability follow the terms on each regional campaign page. More room for Big and Tall users Maxis is designed around larger frames, with a wider seat and 52 cm seat depth for greater thigh support and room to shift naturally. Maxis Manual provides adjustment by hand. Maxis Electric adds motorised lumbar adjustment and OmniStretch guided back stretching.
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom