Canada · Investor

Penfund

Filed with the SEC to raise a fund in Jul 2024, closing $54M. Last cheque observed Apr 2015.

QuietNew fund $54M, Jul 2024Private credit

DebtFinancial Services

Cheques on record
0%of best year0cheques in 12 months, 1 on record
Since the last cheque4219days00hrs00min00sec
Median round$70MRounds led0 of 1Sole investor1 rounds
Pitch Penfund

Penfund highlights

  1. 01

    1 rounds on record

  2. 02

    Mostly Debt: 100% of its rounds

  3. 03

    Sole investor in 1 rounds, median $70M

What they do

Penfund has a 30-year history of lending to the middle market.From their own website
Type
Private credit
Cheque size
Not stated
Sectors
Financial Services
Based in
Toronto, Canada
Cold pitches
Not stated

The record

Every round we can evidence, newest first1 appearances

  1. 2015

    1 round

  2. Apr
    GoodLife FitnessDebt · US$70MSole investor

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

The team

Named by the firm itself, on a filing, its Form ADV or its company registration10 named

ASAdam Stephen BreslinManaging Partner and Director of the General PartneriFiling they signed
DJDenis James AllmanVice President of the Investment Manager to the IssuersiFiling they signed
FCFrancis ChanSecretaryiForm ADV
GMGuiseppe MattinaDirectoriForm ADV
JJJeremy James ThompsonManaging Partner and Director of the General PartneriFiling they signed
JBJohn BradlowManaging Partner and Director of the General PartneriFiling they signed
NJNancy James TurnbullVice President of the Investment Manager to the IssuersiFiling they signed
NANicole A. FichVice President of the Investment Manager to the IssuersiFiling they signed
RBRichard Barry BradlowManaging Partner and Director of the General PartneriFiling they signed
TSTony Sheldon HowardChief Compliance OfficeriForm ADV

We also hold 35 people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

What the register says

From the firm's own filings with the SEC, which it must file accurately by law

$1.8Bgross assets of its funds, 2 advisers combinedOct 2026
Exemptreporting adviserventure or small private funds
Legal name
Penfund Management Limited
SEC number
CRD 333096

What they claim to have backed

From their own portfolio page (on their website)

1 of 46 we have independently watched raise

GoodLife Fitness Centres42North Dental serviceABC Provider ofAccess Flower TradingAirsprintAllworth Registered investmentArrowhead Engineered ProductsAveanna Healthcare LargestBluewave Energy IndependentBroadStreet Partners InsuranceCBI Health GroupCBI Health GroupCHS Specialty distributorCaliber Collision CentersCanadian Home IncomeComposition Wealth RegisteredDOCS Dermatology ProviderDel Monte CanadaF12Forefront Dermatology ProviderGastro Health PROVIDERGive & GoHighstreet Insurance brokerageHopkins Manufacturing SupplierImagefirstInTouchCX Provider ofIngenia Polymers ProcessorIntegral Orthopedics ManufacturerMariner REGISTERED INVESTMENTMavis Discount TireMevotech Supplier ofMister Car WashMvpdesignMyEyeDr. Multi-site optometryNormerica Capital ManufacturerPark Lawn ProviderPerformance Fluid ExpertsPet Supermarket RegionalPlews & EdelmannRoadSafe Provider ofSkyservice Investments ProviderTCN provider ofTimothy's Coffees ofUnison Risk AdvisorsUnited Digestive ProviderWakefield Canada Exclusive

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

Quick answers about Penfund

What does Penfund invest in?

Penfund invests most often at Debt (100% of the rounds on record), in sectors such as Financial Services.

How active is Penfund?

1 investments on record, 0 of them in the last 12 months. The most recent was in Apr 2015.

How big are Penfund's cheques?

The median round it joins is $70M.

Is Penfund investing now?

No investments in the last 12 months; the latest was in Apr 2015.

What kind of investor is Penfund?

Penfund is a private credit firm based in Toronto, Canada.

How much does Penfund manage?

About $1.8B, as gross assets of its private funds, 2 advisers added together (Oct 2026).

Has Penfund raised a new fund?

Its latest fund filing with the SEC was in Jul 2024, reporting $54M raised.

When was Penfund founded?

Penfund was founded in 1979.

Raising now?

Find the investors who back rounds like yours, and keep every conversation on one fundraising board.

Built from the rounds we watched, its filings and its own website, refreshed every night. How we count · Report a correction · Is this your firm? Claim it