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 V, which is a C$724 million capital pool. Assets under management exceed C$1 billion.
We provide a broad range of financing alternatives
We are a relationship-oriented, hold-to-maturity lender capable of holding up to C$145 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
We invest in a wide range of industries, but have particular expertise and experience in the following sectors:
Pet products and services
Home care and hospice