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Pender Growth Fund Swings to 2025 Loss but Sees Emerging Liquidity Tailwinds

Story Highlights
  • Pender Growth Fund posted a 2025 net loss and lower equity per share, while sustaining buybacks and a balanced public-private portfolio mix.
  • The fund sees a key catalyst in General Fusion’s planned Nasdaq listing and is positioning for improving yet challenging private markets.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Pender Growth Fund Swings to 2025 Loss but Sees Emerging Liquidity Tailwinds

Meet Samuel – Your Personal Investing Prophet

Pender Growth Fund Inc. ( (TSE:PTF) ) has provided an update.

Pender Growth Fund Inc. reported a net loss of $4.9 million for 2025, reversing a strong profit in 2024, and saw shareholders’ equity per share decline to $16.65 amid negative investment performance. The firm continued buying back shares under its Normal Course Issuer Bid, trimmed its management expense ratio, and maintained a roughly even balance between public and private holdings while emphasizing disciplined portfolio construction.

Operationally, the fund highlighted a potential value catalyst in long-time private holding General Fusion Inc., which has agreed to a business combination expected to lead to a Nasdaq listing in mid-2026. Management noted early signs of improving liquidity and IPO activity in venture and private markets but cautioned that structural headwinds persist, underscoring the need for selective capital deployment and a focus on resilient, high-quality businesses.

More about Pender Growth Fund Inc.

Pender Growth Fund Inc. is a Vancouver-based investment company listed on the TSX Venture Exchange that pursues a long-term, value-oriented strategy across public and private markets. Its portfolio is split between publicly listed and private unlisted companies, with a focus on concentrated, high-conviction positions in businesses it believes offer strong fundamental value and long-term compounding potential.

YTD Price Performance: 1.54%

Average Trading Volume: 4,346

Learn more about PTF stock on TipRanks’ Stock Analysis page.

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