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PDFluent
For developers →Download
Public beta · macOS 13+ · Windows 10+

Your PDFs.
Private by default.

A native desktop editor. Everything runs locally. Free for personal use.

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Q4 2025 — Investor Letter

Meridian Partners LP

FISCAL YEAR 2025 · PAGE 3 OF 12
Performance Overview

Net asset value increased 18.4% in the fourth quarter, bringing full-year returns to 31.2% versus the benchmark's 14.7%.

Strong performance in technology and infrastructure positions drove the outperformance. The fund maintained its defensive tilt throughout the period.

Portfolio Highlights

Holdings in renewable infrastructure contributed 7.4% to absolute returns. The fund maintained its 22% allocation to European mid-caps throughout Q4.

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Probably the safest PDF editor in the world.

Built in pure Rust. The entire class of memory-safety bugs is gone by construction — not patched, not mitigated. Gone.

~0%
of severe security bugs are memory-safety flaws
Microsoft Security Response Center · Google Chrome Security

No C. No C++. No third-party PDF engine. Pure Rust, from scratch.

0bytes

uploaded. Ever. To anyone.

No cloud
Everything stays on your machine.
No account
Download and use. Nothing to sign up for.
No telemetry
We literally cannot see your data.
Runs on your device. 0 bytes uploaded.
Features

One desktop app.
Everything you actually do with a PDF.

01 — Read

Instant. Even your heaviest files.

Full-text search. ⌘K command palette. Page thumbnails. All local.

02 — Edit

Change text directly in your PDF.

Edit fonts, sizes, colors. Add shapes. No round-trip to a cloud.

03 — Redact

GDPR-proof redaction. Actually deleted.

Permanently erase SSNs, IBANs, names. Strip hidden metadata in one click.

04 — Sign

PAdES digital signatures. Cryptographically tamper-evident.

Not just an image. Certificate-based. Seals the document permanently.

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3/12100%
Q4 2025 — Investor Letter
Meridian Partners LP
Meridian Partners LP
FISCAL YEAR 2025 · PAGE 3 OF 12

Net asset value increased 18.4% in the fourth quarter, bringing full-year returns to 31.2% versus the benchmark's 14.7%.

Name: M. van Houten
IBAN: NL91 ABNA 0417 1643 00
Signature
Signed · PAdES-LTA
PDF Forms

Fill standard PDF forms.

AcroForm PDFs — government forms, bank documents, contracts — fully supported. Every field type, locally, no account needed.

betaXFA forms also supported — experimental, improving with every release.
Pricing

Free (forever) for you.
Honest for everyone else.

What PDFluent costs — Editor
Freepersonal
Business: €49 / yr per user
Account requiredNo
File storage100% local
PlatformsmacOS · Windows
AcroForm supportFull
Install size~12 MB (macOS)
Adobe Acrobat Pro — for comparison
~€240/yr
Teams: ~€288 / yr per user
Account requiredYes
File storageCloud sync
PlatformsmacOS · Windows
AcroForm supportFull
Install sizeUp to 4.5 GB
Buy a business license — €49/yrFree forever for personal, non-commercial use. No credit card needed.
For developers

Building software? The same Rust engine is available as a developer SDK — Rust, WASM, Node.js, Python, .NET, Java.

Explore the SDK

Download.
Free.
No account.

macOS 13+ · Windows 10+

Free for personal, non-commercial use. Business license €49/yr.