Penfund

About

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$1.8 billion.

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

Source: Penfund

Strategy

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

Source: Penfund