Penfund’s fifth mid-market fund closes above hard cap, raising $724 mln
Penfund, one of Canada’s oldest private equity firms, has wrapped up its fifth mid-market fund, raising $724 million in committed capital with the help of an expanded investor base. Penfund Capital Fund V shot past its original goal of $525 million earlier this year. Last week it was closed above its hard-cap target of $700 million. The fund is the largest in Penfund’s 37-year history, exceeding by 57 percent the $460 million secured by its predecessor in 2012.
2 October 2016•3 mins read
