Conestoga Capital Advisors LLC Introduces the Discovery Fund

Conestoga Capital Advisors

WAYNE, PA — Conestoga Capital Advisors, LLC recently announced the rebranding of the Conestoga Micro Cap Fund to the Conestoga Discovery Fund. The Micro Cap Fund was launched in December 2021, when assets from a limited partnership vehicle (the Conestoga Micro Cap Fund, L.P. ) were transferred to the Institutional Class and Investors Class shares of the Fund. The new name better reflects the underlying investment approach of Conestoga’s strategy of “discovering” unfollowed and/or underappreciated high-quality micro-cap companies. The philosophy and fundamental, bottom-up investment discipline of the Fund have not changed, and the Fund’s net expense ratio remains the same.

Bob Mitchell, Co-Founder and Managing Partner stated, “Conestoga seeks to take advantage of the market’s inefficient discovery process of lesser-known companies, and we believe rebranding to the Conestoga Discovery Fund helps better define those investment principles.”

David Neiderer, Partner and Co-Portfolio Manager added, “As investors in small capitalization companies for over two decades, we have often found exciting opportunities in the smallest capitalization stocks. The Discovery Fund seeks long-term capital appreciation through a portfolio of 25 to 35 micro and small capitalization companies.”

Conestoga has experienced steady growth over the past decade, and the firm’s assets under management now surpass $7.1 billion. The firm’s flagship Conestoga Small Cap Growth strategy remains in a soft close and is only available to advisors and clients with existing investments in the strategy.

The firm’s new business development efforts are primarily focused on the Conestoga’s  Micro Cap Growth, SMid Cap Growth, and Mid Cap Growth strategies. All of the firm’s investment strategies are available via mutual fund and separate account vehicles. The Small Cap Growth and SMid Cap Growth strategies are also available to qualified retirement plans via collective investment trusts.

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