Penn Park Capital Temporarily Closes Digital Growth Fund to New Investors

Penn Park Capital Management Limited has announced a temporary closure of the Penn Park Digital Growth Fund to new investors. This decision follows a surge in demand and record-breaking performance in the first half of 2024.

Based in London and Luxembourg, Penn Park Capital experienced extraordinary interest in the digital asset sector, spurred by recent ETF approvals. The fund's last quarter was among its most successful, highlighting strategic prowess and investor trust in digital assets.

To maintain high performance and address liquidity issues associated with digital assets, the fund will be capped at $500 million. This status will be reviewed regularly based on liquidity improvements or withdrawals by current investors.

Daniel King, Senior Analyst at Penn Park Capital, emphasized the focus on maintaining fund integrity and performance. The firm aims to manage the fund effectively while exploring opportunities in the digital asset space.

Penn Park Capital remains committed to exceptional investment solutions and will update the market on the fund's status and potential future opportunities for new investors.