Penfund Announces Launch of New Senior Debt Fund
2024年6月27日 - 5:15AM
Penfund Announces Launch of New Senior Debt Fund
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 BradlowPartner(416) 645-3794richard@penfund.com
Adam BreslinPartner(416) 645-3796abreslin@penfund.com
Joe MattinaPartner(905) 531-8725jmattina@penfund.com
Jeremy ThompsonPartner(416) 645-3790jthompson@penfund.com