# Penfund: portfolio, investments and team > Penfund is a private credit based in Canada. 1 investment on record, latest Apr 2015. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/penfund (Millionrounds; every figure on the page links to its filing or article) Canada · [Investor](https://millionrounds.com/investors) # Penfund Filed with the SEC to raise a fund in Jul 2024, closing $54M. Last cheque observed Apr 2015. Quiet New fund $54M, Jul 2024 Private credit Debt Financial Services Cheques on record **0%** of best year **0** **cheques in 12 months**, 1 on record Since the last cheque **4219** days **00** hrs **00** min **00** sec Median round **$70M** Rounds led **0 of 1** Sole investor **1 rounds** Pitch Penfund ## Penfund highlights - 01 1 rounds on record - 02 Mostly Debt: 100% of its rounds - 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 first **1 appearances** - **2015** 1 round - **Apr** **[GoodLife Fitness](https://millionrounds.com/company/goodlife-fitness)** Debt · US **$70M** Sole 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 registration **10 named** AS **Adam Stephen Breslin** Managing Partner and Director of the General Partner i Filing they signed DJ **Denis James Allman** Vice President of the Investment Manager to the Issuers i Filing they signed FC **Francis Chan** Secretary i Form ADV GM **Guiseppe Mattina** Director i Form ADV JJ **Jeremy James Thompson** Managing Partner and Director of the General Partner i Filing they signed JB **John Bradlow** Managing Partner and Director of the General Partner i Filing they signed NJ **Nancy James Turnbull** Vice President of the Investment Manager to the Issuers i Filing they signed NA **Nicole A. Fich** Vice President of the Investment Manager to the Issuers i Filing they signed RB **Richard Barry Bradlow** Managing Partner and Director of the General Partner i Filing they signed TS **Tony Sheldon Howard** Chief Compliance Officer i Form 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 **$1.8B** gross assets of its funds, 2 advisers combined Oct 2026 **Exempt** reporting adviser venture 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 Centres](https://millionrounds.com/company/goodlife-fitness) 42North Dental service ABC Provider of Access Flower Trading Airsprint Allworth Registered investment Arrowhead Engineered Products Aveanna Healthcare Largest Bluewave Energy Independent BroadStreet Partners Insurance CBI Health Group CBI Health Group CHS Specialty distributor Caliber Collision Centers Canadian Home Income Composition Wealth Registered DOCS Dermatology Provider Del Monte Canada F12 Forefront Dermatology Provider Gastro Health PROVIDER Give & Go Highstreet Insurance brokerage Hopkins Manufacturing Supplier Imagefirst InTouchCX Provider of Ingenia Polymers Processor Integral Orthopedics Manufacturer Mariner REGISTERED INVESTMENT Mavis Discount Tire Mevotech Supplier of Mister Car Wash Mvpdesign MyEyeDr. Multi-site optometry Normerica Capital Manufacturer Park Lawn Provider Performance Fluid Experts Pet Supermarket Regional Plews & Edelmann RoadSafe Provider of Skyservice Investments Provider TCN provider of Timothy's Coffees of Unison Risk Advisors United Digestive Provider Wakefield 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. New fund on file **$54M** raised in Jul 2024 From its SEC filing, not a journalist: a firm that has just raised has money to deploy. ## The cheque Debt Median round joined **$70M** the round, not its cheque Alone, median **$70M** Led 0 of 1 rounds **0%** - **Sole investor:** 1 rounds - **Last cheque:** Apr 2015 Rounds by stage said on their site - Debt *1* **Pitching Penfund?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## 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. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=penfund) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=penfund)