Penfund Capital Fund VI passes $1B mark in fundraising

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By Ted Liu

Penfund has quietly raised over $1 billion in capital commitment for its sixth fund, Penfund Capital Fund VI.

Penfund is actively investing Fund VI, and has yet to make the closing announcement about the new fund.

Fund VI is managed by general partners (GPs), John Bradlow, Richard Bradlow, Adam Breslin and Jeremy Thompson.

Penfund Capital Fund V closed in October 2016 with $724 million in committed capital.

Founded in 1979, Toronto based Penfund is a leading provider of junior capital to middle market companies throughout North America. It offers a comprehensive range of junior capital products to mid-market companies across North America, in both equity and debt.

photo credit: mrscday21 via pixabay