TORONTO, June 26, 2024 (GLOBE NEWSWIRE) -- Penfund is pleased to announce the
first close of its new senior debt fund, Penfund Prime ("Prime"). Prime will
provide unitranche and senior term loans to middle market North American
borrowers. Penfund will leverage 25+ years of experience investing in best-in-
class businesses within the automotive aftermarket, financial services,
healthcare, distribution and consumer staple sectors. The new strategy will
complement Penfund's existing junior capital platform by expanding the range of
capital solutions available to borrowers.
Penfund is grateful for the support and partnership of both new and long-
standing investors. "We are excited to launch our senior debt platform which
marks a significant step forward in our mission to provide innovative and
reliable capital solutions to meet the evolving needs of both borrowers and
investors," stated Richard Bradlow, a Partner at Penfund.
Joe Mattina, a Partner at Penfund, added, "This marks a significant development
for Penfund. Our ability to provide borrowers with both senior and junior
capital solutions meaningfully enhances our value proposition to sponsor
partners going forward."
About Penfund
Penfund is a leading provider of capital to middle market companies throughout
North America. The firm is actively investing both senior and junior capital
through Prime and Penfund Capital Fund VII. Penfund manages funds sourced from
pension funds, insurance companies, banks, family offices and high-net-worth
individuals located in Canada, the United States, the Middle East, and Europe.
Penfund has invested more than C$3.0 billion in over 225 companies since its
establishment. Assets under management are approximately C$3.0 billion.
For further information, please contact:
Richard Bradlow
Partner
(416) 645-3794
richard@penfund.com (mailto:richard@penfund.com)
Adam Breslin
Partner
(416) 645-3796
abreslin@penfund.com (mailto:abreslin@penfund.com)
Joe Mattina
Partner
(905) 531-8725
jmattina@penfund.com (mailto:jmattina@penfund.com)
Jeremy Thompson
Partner
(416) 645-3790
jthompson@penfund.com (mailto:jthompson@penfund.com)
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