Fundz

Penfund Announces Us$75 Million Investment In Mariner Wealth Advisors

PRIVATEJan 06, 2022

Amount Raised

$75 Million

Round Type

Venture

TorontoFood and BeverageFinancial Services

Description

Penfund, an independent provider of junior capital to North American middle market companies, announced today the completion of a US$75 million second-lien and delayed-draw debt investment in Mariner Wealth Advisors (“Mariner” or the “Company”), a portfolio company of Leonard Green & Partners, L.P. (“Leonard Green”). Proceeds from the transaction will be used to fund Mariner’s acquisition pipeline and for general corporate purposes.

Quick answer

Mariner raised $75 Million in a funding round, dated January 6, 2022. Mariner is based in Toronto, Ontario, Canada.

How much did Mariner raise?
Mariner raised $75 Million in a funding round on January 6, 2022.
What does Mariner do?
The firm partners with experienced management teams and often with founders to invest in market-leading companies.
Where is Mariner based and how big is it?
Mariner is based in Toronto, Ontario, Canada.

Source: Fundz verified event record.

Who else raised in Food and Beverage and Financial Services around the same time

Companies in the same sectors as Mariner that raised within 45 days of this round, from Fundz verified event records.

  • Jack in the Box raised $1.1B (Funding Round) on February 3, 2022.
  • Anchorage Digital raised $350M (Funding Round) on December 15, 2021.
  • Anchorage Digital raised $350M (Series D) on December 15, 2021.
  • The Kraft Heinz raised an undisclosed amount (Debt Financing) on December 3, 2021.
  • Squeeze raised $4.1M (Seed) on February 18, 2022.
  • Amergent Hospitality Group Inc. raised an undisclosed amount on February 18, 2022.

Who to call at Mariner, and when

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Company Information

Company

Mariner

Location

Toronto, Ontario, Canada

About

The firm partners with experienced management teams and often with founders to invest in market-leading companies. The firm primarily focuses on companies providing services, including consumer, healthcare, and business services, as well as retail, distribution, and industrials. The firm is currently investing its most recently established fund, Penfund Capital Fund VII. Mariner provides a holistic wealth management offering which encompasses financial planning, investment management, tax preparation, estate planning, and other services to individuals and corporate clients. Mariner is a Registered Investment Advisor (“RIA”) founded in 2006 and headquartered in Overland Park, Kansas with operations in 61 locations across 30 states. We believe Mariner is a top-tier RIA and we are happy to be partnering with Mariner and Leonard Green in making our first investment in the sector.”

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.