Penfund
VC Fund
Toronto, Canada
Penfund is a leading Canadian private equity firm specializing in providing junior capital to middle market companies throughout North America. Penfund provides second lien, high yield and mezzanine debt, control and minority equity, as well as bridge facilities, standby lines, underwritten facilities and financial guarantees. The firm is owned byits management team and is currently investing its most recently established fund, Penfund Capital Fund IV which has $460 million of committed capital. Penfund manages institutional funds sourced from Canadian pension funds, insurance companies, family offices and banks and has invested more than $2.5 billion in over 220 companies since its establishment in 1979.
- Total investments:
- 50
- Last investment:
- Lead investor:
- 82%
- Last fund:
Last updated:
For AI agents: llms.txt
Industries Penfund invests in
Stages Penfund invests in
Countries Penfund invests in
Round sizes
Contacts
| Name | Phone | Socials | |
|---|---|---|---|
Round size
- Debt Financing
- $15M–$160M
- Private Equity
- $10M–$47M
Investment Focus
Industry
- Manufacturing 9 (18%)
- Automotive 8 (16%)
- Health Care 8 (16%)
- Medical 4 (8%)
- Hospital 4 (8%)
Stage
- Debt Financing 21 (42%)
- Private Equity 10 (20%)
Country
- United States 16 (32%)
- Canada 11 (22%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
Jeremy Thompson
Partner
|
Partner | Total investments: 12 | Find email | |
|
Joe Mattinaas
Partner and Head of Originations
|
Partner and Head of Originations | Total investments: 0 | Find email | |
Tony Howard
Chief Operating Officer & CCO
|
Chief Operating Officer & CCO | Total investments: 0 | Find email |
Investments
| Company | Description | Round | Links |
|---|---|---|---|
| Headquartered in Dayton, Ohio, Dermatologists of Central States, LLC is a dermatology practice management company serving dermatology clinics throughout Ohio and its neighboring states. DOCS provides its partner practices with centralized non-clinical resources and services that enable clinicians to focus exclusively on providing best-in-classdermatological care to patients. For over 40 years, DOCS’ partner practices have established a reputation for providing excellent clinical care and an elevated patient experience within the communities they serve. | Debt Financing / Mar 10, 2026 | ||
| CBI Health Group has challenged the status quo and believed that there was a more effective way of solving and managing the complex problems they face in patient health.From its beginnings as patient education seminars - to what it is today - a national interdisciplinary network of health care and support professionals almost 10,000 strong - CBIHealth Group has innovated for impact: improved patient access and empowerment, better health care outcomes, integrated best practices-driven models of care and community relevance. | $52.3M / Debt Financing / Dec 15, 2023 | ||
| Recochem is a leading Canadian company with a global reputation for quality products and outstanding customer service. For more than 60 years, the Company has been known for innovation, agility, and socially responsible business practices. Recochem operates consumer and industrial divisions, with operations in the Americas, Australia, Europe, andthe Asia-Pacific region. The company’s reputation has earned it vendor appreciation awards and long-standing relationships with its suppliers around the world | Debt Financing / Nov 07, 2023 | ||
| Arrowhead Engineered Products is a supplier of non-discretionary, mission-critical, aftermarket replacement parts for a wide variety of motorized vehicles. | Debt Financing / Mar 29, 2022 | ||
| Mariner Wealth Advisors is a financial services company specializing in risk management and consultancy services. we provide holistic, innovative and client-focused solutions. We bring together talented resources, innovative offerings and proactive advice with a single purpose in mind – to deliver confidence to our clients so they can focus onwhat’s most important. | $75M / Debt Financing / Jan 06, 2022 | ||
| 24-7 Intouch culture is inherent, which is reflected in the company’s 14 global campuses that are home to their like-minded Fortune 500 partners. As an award-winning leader and disruptor in the contact center industry, 24-7 Intouch delivers innovative, value-driven omni-channel solutions, such as voice, social media management, live chat, email,fraud, and back office administration to global brands across all industries. Using the most advanced technology, 24-7 Intouch allows their partners to utilize business insights to deliver lifetime consumer loyalty and increase incremental revenue. | Debt Financing / Oct 01, 2021 | ||
| Arrowhead Engineered Products is a supplier of non-discretionary, mission-critical, aftermarket replacement parts for a wide variety of motorized vehicles. | Debt Financing / Aug 01, 2021 | ||
| Gastro Health is a medical group made up of the finest physicians and allied health professionals in South Florida specializing in the treatment of gastrointestinal disorders, nutrition and digestive health. Gastro Health is a Florida's largest medical group of board certified physician specializing in digestive and colon health. They employsome of the nation’s premier gastroenterologists, pediatric gastroenterologists, colorectal surgeons and allied health professionals as well as own and operate accredited and licensed ambulatory surgical centers. Currently, Gastro Health employs over 500 individuals, including 100 providers who offer a wide range of services including: anesthesia, infusion, imaging, pathology, specialty pharmacy, in-office RX dispensing, and endoscopy surgery centers. Their mission is to provide outstanding medical care and an exceptional healthcare experience. They take pride in improving patients’ care while treating every patient as a valued member of their immediate family. | $90M / Debt Financing / Jul 01, 2021 | ||
| Gastro Health is a medical group made up of the finest physicians and allied health professionals in South Florida specializing in the treatment of gastrointestinal disorders, nutrition and digestive health. Gastro Health is a Florida's largest medical group of board certified physician specializing in digestive and colon health. They employsome of the nation’s premier gastroenterologists, pediatric gastroenterologists, colorectal surgeons and allied health professionals as well as own and operate accredited and licensed ambulatory surgical centers. Currently, Gastro Health employs over 500 individuals, including 100 providers who offer a wide range of services including: anesthesia, infusion, imaging, pathology, specialty pharmacy, in-office RX dispensing, and endoscopy surgery centers. Their mission is to provide outstanding medical care and an exceptional healthcare experience. They take pride in improving patients’ care while treating every patient as a valued member of their immediate family. | $10M / Private Equity / Jul 01, 2021 | ||
| Canadian Hospital Specialties is a national specialty distributor of medical and surgical products focused on strategic partnerships to enhance the experience of our customers, while focusing on improving patient outcomes. Specialtiy manufacturing and kitting is done onsite in Oakville. | Debt Financing / Apr 01, 2021 | ||
| See all 50 investments → | |||
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FAQ
What does Penfund invest in?
Penfund invests primarily in Manufacturing, Automotive and Health Care startups, most often at Debt Financing and Private Equity stage. Most of the 50 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.
What is Penfund's check size?
Penfund typically joins rounds of $15M–$160M at Debt Financing and $10M–$47M at Private Equity. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Penfund participates in.
How do I contact Penfund?
Public channels for Penfund include LinkedIn and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.
Who are the partners at Penfund?
The team at Penfund includes Jeremy Thompson (Partner), Joe Mattinaas (Partner and Head of Originations) and Tony Howard (Chief Operating Officer & CCO). The Team section lists each member with their title, investment count and links.
Is Shizune's investor data accurate?
Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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