Penn Park Capital Management Limited
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
SK tes Announces Grand Opening of New Shannon Facility, Marking a Milestone for Sustainable Technology in Ireland22.12.2025 15:00:00 CET | Press release
SHANNON, IE / ACCESS Newswire / December 22, 2025 / SK tes, a global leader in secure technology lifecycle and IT asset disposition (ITAD) services, is delighted to announce the grand opening of its state-of-the-art facility in Shannon, County Clare. The opening event, to be held on Jan. 15, 2026, marks the culmination of a journey that began with the company's announcement in 2025 of its plans to establish a purpose-built facility in one of Ireland's fastest-growing technology regions. The grand opening will be hosted by Jin Mo Lee, SK tes Group CEO at SK tes and guest of honor, Minister Timmy Dooley will cut the ribbon to officially open the site. Minister Dooley, a Clare native, serves as Minister of State for Climate, Energy and the Environment. Minister Dooley's leadership in climate, energy, and environmental policy is especially relevant as Ireland continues to attract major global data center infrastructure and technology companies, while placing increased emphasis on sustainab
Saat & Saat Acquires Turkish Apparel Leader Aydinli Group, Expanding U.S. Polo Assn. Markets Across Turkey, the Middle East, Eastern Europe, and North Africa22.12.2025 13:00:00 CET | Press release
WEST PALM BEACH, FL AND ISTANBUL, TURKEY / ACCESS Newswire / December 22, 2025 / USPA Global is pleased to announce the acquisition of Aydinli Hazir Giyim San. Tic. A.S. (Aydinli Group) by HRK Holding A.S. (Saat & Saat). Both entities are licensing partners of U.S. Polo Assn., which is USPA Global's multi-billion-dollar sports brand and the official brand of the United States Polo Association (USPA). As one of the brand's largest partners, the acquisition of Aydinli provides access to more than 50 countries across Turkey, the Middle East, Eastern Europe, and North Africa. With this acquisition of Aydinli, Saat & Saat is expanding the company's regional portfolio alongside its very successful watch business by entering the global apparel industry. With more than nearly 450 U.S. Polo Assn. stores and multiple branded digital sites, U.S. Polo Assn. will continue its record growth. Aydinli is currently one of the leading retail powerhouses in the region, with significant growth potential a
Parallel Society Reveals Lineup for 2026 Lisbon Edition - A Cross-Genre Mashup of Cultural and Tech Pioneers22.12.2025 10:30:00 CET | Press release
Apparat (live) Kode9, Moses Boyd, Gilles Peterson and Clark head to Lisbon for new indie festival Parallel Society. LISBON, PT / ACCESS Newswire / December 22, 2025 / Parallel Society has revealed the first wave of artists for its 2026 edition in Lisbon, Portugal. The two-day event begins on 6th March, and the music starts on 7th March with a programme spanning the UK jazz revolution (Moses Boyd), experimental bass culture (Kode9, Calibre), avant-electronic (Apparat), and cultural ambassadors (Gilles Peterson), with many more acts still to be announced. A culture-first counterpoint to the corporate consolidation sweeping the global festival landscape, Parallel Society is independent, led by the community, and not for profit. With more than 60% of the lineup sourced from Lisbon's active and diverse homegrown talent pool, the event actively supports the city's underground music scenes. Ahead of Parallel Society's music and cultural programme on Day 2, Day 1, the "[un]conference", invites
Rainer Maria Morita Named "Transformational Leader of the Year 2025" at UK House of Lords22.12.2025 10:25:00 CET | Press release
Recognized for redefining executive career transition and human value creation in the AI era with his globally renowned Morita Method(R) LONDON, GB / ACCESS Newswire / December 22, 2025 / Global executive advisor and bestselling author, Rainer Maria Morita, has been awarded "Transformational Leader of the Year 2025 in the category of Global Hidden Job Market Advisory at the prestigious Global Leadership Conclave 2025, held at the iconic UK House of Lords, Parliament of the United Kingdom. The award recognizes Rainer's pioneering work in redefining leadership, employment, and human value creation in the age of artificial intelligence. With more than two decades of experience across executive search, executive career transition advisory and leadership consulting, Rainer has become a globally respected authority on the Hidden Job Market - the unadvertised ecosystem where over 90% of executive opportunities are created. As the creator of The Morita Method®, Rainer has guided thousands of s
Air T, Inc. Announces Closing of Regional Express Acquisition18.12.2025 23:10:00 CET | Press release
MINNEAPOLIS, MN / ACCESS Newswire / December 18, 2025 / Air T, Inc. (NASDAQ:AIRT) is pleased to announce the successful closing of its acquisition of Regional Express Holdings Limited (Rex), Australia's leading regional airline. Air T now owns 100% of Rex and looks forward to beginning a new chapter for Rex and the regional communities it serves across Australia. The transaction includes a comprehensive financing structure designed to support Rex's operations and future growth: Air T is providing a $50 million AUD credit facility that is funded by one of our investor partners. We anticipate that Rex will use this facility to bring its fleet fully back into service, from approximately 31 flyers currently to 45 flyers within the next two years. The Commonwealth of Australia will continue to be a secured creditor of Rex. Rex will have access to an additional undrawn $60 million AUD loan from the Commonwealth of Australia to support the overhaul of its current fleet of Saab 340s and genera
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