Pender
Pender Global Small/Mid Cap Equity Fund
Jul 2026 → Jul 2026
Our archive holds 1 letter from this strategy, behind 1 investment thesis and positions in 13 companies. Every quote below is copied verbatim from the letter it came from.
1 letter in a year — follow all of Pender for every strategy.
What it bought and sold
- ExitedKneat.com Inc.Jul 2026
Kneat.com Inc. (KSI) Sold Sold following takeout by Thoma Bravo.
We initiated a position in Auto Trader, a UK vertical marketplace with what we believe to be a monopoly-like customer mindshare (an estimated 85%+), dealer-side mission criticality, and 70% EBITDA margins.
Also held
- CTS Eventim AG & Co KGaA
- Kinaxis Inc.
- Maplebear Inc.
- Tantalus Systems Holding Inc.
- Addus Homecare Corp.
- Generac Holdings Inc.