About Penfund

Experienced professionals, supportive relationships.

Founded in 1979, Penfund is a leading provider of junior capital to middle market companies throughout North America. The firm was acquired by its current management team in 2000 and is investing its most recently established fund, Penfund Capital Fund VI. Assets and capital under management currently exceed C$1.6 billion.

We provide a broad range of financing alternatives

We are a relationship-oriented, hold-to-maturity lender capable of holding up to C$150 million per transaction (or USD equivalent). We can also provide larger facilities through co-investments from our institutional limited partners. We offer flexibility, dependability, confidentiality, closing speed and certainty and our broad product range gives us the ability to offer highly customized, flexible financing alternatives.

  • Second lien debt
  • Private high yield debt
  • Secured and unsecured mezzanine debt
  • Delayed draw facilities
  • Equity co-investments

Our investment criteria

Investee companies will typically generate annual EBITDA of at least $20 million. We invest in companies that meet the following criteria:

  • Clearly defined, focused business strategies
  • Below average cyclicality
  • Entrenched market positions
  • Operating in stable markets
  • Generating superior returns on capital
  • Producing high and stable free cash flow
  • Capable management teams in-place

Industry sectors

We invest in a wide range of industries, but have particular expertise and experience in the following sectors:

Consumer

Pet products and services
Auto aftermarket
Food processing

Business Services

Industrial distribution
Environmental services

Healthcare

Outpatient providers
Distributors
Home care and hospice

We are proud to have partnered with top companies and sponsors

Our Portfolio