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Penfund Announces Strategic Minority Investment By Bonaccord Capital Partners

May 03, 2022about 3 years ago
Toronto

Description

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 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.

FundzWatch™ Score

82
Medium Activity

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