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Penfund Announces Launch of New Senior Debt Fund
Jun 27, 2024
Contract Type
partnership
Toronto
Description
Penfund announces the first close of its new senior debt fund, Penfund Prime ("Prime"), which will provide unitranche and senior term loans to middle market North American borrowers. The new strategy will complement Penfund’s existing junior capital platform by expanding the range of capital solutions available to borrowers. Penfund expresses gratitude for the support and partnership of both new and long-standing investors.
Company Information
Company
Penfund
Location
Toronto, Ontario, Canada
About
Penfund is the lead investor for a new US$90 million second lien credit facility and also invested US$10 million in equity, both of which supported the acquisition of Gastro Health by OMERS Private Equity (“OPE”). Penfund is a leading provider of junior capital to middle market companies throughout North America.