About Pennington Capital
Pennington Capital Management, LLC is a Minneapolis based investment firm founded in 2010 by Robert J. Evans, who is the largest investor in the fund. The fund provides investors with exposure to a diverse portfolio of small and mid-cap equities.
Pennington Capital’s objective is to produce consistent, double-digit annual returns, while focusing on capital preservation and minimizing downside risk. When first considering an investment, we start with analyzing downside risk before looking at upside potential.
We look for growth-oriented companies with an attractive valuation compared to their peer group or the broader market, that are undergoing changes that could be a catalyst for growth. Conversely, we look for negative catalysts of change that present short opportunities.
Pennington Capital typically maintains 30%-50% net long exposure, with gross exposure between 80%-130%. Our portfolio is typically constructed of 40-50 long positions and 15-25 short positions.
Pennington Capital’s Competitive Advantage
Extensive Information Network
Pennington Capital’s proprietary network consists of various management teams, research analysts, industry contacts, sales people, board members, and portfolio managers.
This extensive network provides hundreds of one-on-one meetings, conference calls, and quick update conversations annually, so we stay on top of our current portfolio companies, as well as potential new ideas.
Unique Investment Opportunities
Pennington Capital participates in IPO’s, PIPE’s, overnight deals, and secondary offerings from more than a dozen firms, providing investment opportunities that many investors cannot access.
Managing a smaller asset size allows Pennington Capital to be nimble and react quickly to new information, taking advantage of long or short stock opportunities.