• Pender Credit Opportunities Fund

    An opportunity emerges in stressed and distressed credit.

We are launching the Pender Credit Opportunities Fund, a limited partnership fund designed to capitalize on a broad and growing opportunity set in financially stressed and distressed companies. The Fund will employ an established investment process and build upon the robust track record of investing in these types of companies within the award-winning Pender Corporate Bond Fund.

White Paper

The transition in monetary policy has had broad implications on the global economy and created hurdles in raising capital through the credit markets. Higher interest rates have directly impacted the cost of capital for businesses, which more than doubled for high yield borrowers in 2022. We have begun to see these higher borrowing costs and less accessible credit markets translate into rising distressed exchanges and default rates…

Meet the Managers

Parul Garg

Over 10 years of experience

Deploying the strategy since 2015

Stressed/distressed credit specialist

Experience in defaulted securities re-org and recapitalizations

Geoff Castle

Over 20 years of experience

Deploying the strategy since 2015

Lipper award winning manager, 2018, 2019

Multiple successful defaulted bond investments



Bottom of the Iceberg

May 8, 2023

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A Dragon in the Basement

May 1, 2020

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The Spigot is Open

April 24, 2023

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  • PCOF Exec Summary

    Executive Summary

    Pender Credit Opportunities Fund

    November 2, 2023
  • PenderFund 12 Days of Investing - Growing Capital


    Distressed Debt: Which Sectors Offer Value?

    June 28, 2023
  • Article

    Stressed and Distressed Credit: Risk and Reward

    June 21, 2023
  • Article

    Opportunity, Set, Match: The art and science of distressed credit investing

    June 20, 2023
  • Webinar

    Capturing Opportunities in Stressed and Distressed Credit

    June 15, 2023
  • Article

    Why distressed debt is an ‘all-weather’ investment strategy

    June 11, 2023

    Client Service Team

    Sarah Wildman

    Director of Institutional & Family Office Wealth Services

    Tom Sawchuk

    Associate, Institutional Sales & Service


    The Pender Credit Opportunities Fund (PCOF) is a separate and distinct fund from the Pender Corporate Bond Fund (PCBF) and results of the PCBF are not indicative of the performance of the PCOF. The Pender Credit Opportunities Fund is a private, limited partnership fund and only available to Accredited Investors who meet certain criteria.