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May 2007

Broader basket better market fit: Penfund Capital III spans entire capital structure

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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 Penfund 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 deployed more than C$3.7 billion in 69 investments since 2000. Assets under management are approximately C$3.7 billion.

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