Penfund Acquires Minority Stake in Wakefield

Toronto's Penfund, a provider of junior capital to North American mid-market companies, has completed an undisclosed minority equity investment in Wakefield Canada Holdings ULC. This is Penfund's second investment in the Toronto-based company, a distributor of Castrol-branded motor oils in Canada. The firm also backed Wakefield in 2005. In 2012, Penfund closed its fourth partnership, Penfund Capital Fund IV, raising $460 million.

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