Penfund Announces Strategic Minority Investment By Bonaccord Capital Partners
05/03/22, 4:55 PM
Location
Penfund Management Limited (“Penfund”), a leading provider of junior capital to middle market companies throughout North America, announced today that Bonaccord Capital Partners (“Bonaccord”) has acquired a minority interest in Penfund. Bonaccord is a private equity firm focused on acquiring non-control equity interests in leading mid-market private markets sponsors. Terms of the investment were not disclosed.
Company Info
Location
toronto, ontario, canada
Additional Info
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.