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Penfund Announces Us$75 Million Investment In Mariner Wealth Advisors

Jan 06, 2022•over 3 years ago

Amount Raised

$75 Million

Toronto

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.

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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