Penfund recruits Michael Binnington as VP of origination
Canadian junior capital provider Penfund has hired Michael Binnington as a vice president of origination. Binnington joins Penfund after six years spent at Bank of America Merrill Lynch, most recently as a vice president in the leveraged finance investment banking group in London. Before then, he served an investment analyst at Manulife. In December, Toronto-based Penfund closed its sixth mid-market fund, Penfund Capital Fund VI, raising $1.15 billion.



