Penfund

Q: When was Penfund last fund created?

Penfund last fund was created/launched in 2019-01-09.

General contacts

Investor type

Founded

1979

AUM

$3 500 M

Location

Toronto, Ontario, Canada

Investment Ticket

$100+ m

Investment Stage

Series B Late Stage (Series C+)

Region of investment

North America

Investor profile last updated: 16 August, 2026

Profile

Penfund is a private equity firm based in North America, established in 1979. It was acquired by its current management in 2000. The team is composed of experienced professionals with a focus on building strong relationships with middle market companies. They are known for their reliable and flexible financing solutions, offering a wide range of capital products to meet diverse business needs.

The firm invests in sectors such as consumer, business services, healthcare, and financial services. Penfund typically supports companies with an annual EBITDA of at least $20 million, with financing capabilities up to C$300 million per transaction. They manage funds including Penfund Prime and Penfund Capital Fund VII, with total assets over C$3.5 billion.

Notable investments by Penfund include companies in the food processing, pet products and services, healthcare IT, and financial services sectors. Their approach emphasizes maintaining strong, supportive relationships with the businesses they invest in and providing highly customized financial solutions aligned with client needs.

Industry

Financial Services Consumer Products Business Services (B2B) Healthcare Services Transportation HealthTech Food and Beverage Foodtech Marketing and Advertising

Penfund Funds

Name	Type	Industry	Stage	Region	Size	AUM	Launch date
Penfund Capital Fund V (US) LP	Private Equity (PE)	Food and Beverage Foodtech Healthcare Services Marketing and Advertising Transportation HealthTech	Series B Late Stage (Series C+)	North America Europe	$5-10 m	$528 M	October 2018
Penfund Capital Fund VI	Private Equity (PE)	Food and Beverage Foodtech Healthcare Services Marketing and Advertising Transportation HealthTech	Series B Late Stage (Series C+)	North America Europe	$5-10 m	$876 M	January 2019
Penfund Prime Fund	Private Equity (PE)	Financial Services Consumer Products Business Services (B2B) Healthcare Services Transportation HealthTech	Series B Late Stage (Series C+)	North America	$50-100 m	$1800 M	January 2025

Contacts

Name

Title

Social Networks

Tim Melis Vice President

Vice President

t•••@•••

Emily Milazzo Vice President

Vice President

e•••@•••

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[email protected]

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Investment-team contacts for Penfund — including verified work emails and LinkedIn profiles — are available to Private Equity List subscribers.
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Contacts sourced from the firm's website and LinkedIn, re-verified on a rolling cycle. Spot a stale contact, or none at all? Report it — we re-run that firm within 48h and get back to you.

FAQs about Penfund

Is Penfund a venture capital or private equity firm?

Penfund is a private equity firm. It backs companies at Series B and Late Stage (Series C+), writing tickets of $100+ m.

Where is Penfund located?

Penfund is located in Toronto, Ontario, Canada.

When was Penfund founded?

Penfund was founded in 1979.

What sectors and industries does Penfund invest in?

Penfund invests in companies and startups in Financial Services, Consumer Products, Business Services (B2B), Healthcare Services, Transportation, HealthTech, Food and Beverage, Foodtech, Marketing and Advertising.

What is Penfund geographical focus of investments?

Penfund invests in companies and startups in North America.

At what stages of companies and startups does Penfund typically invest in?

Penfund invests in companies and startups at Series B, Late Stage (Series C+).

What is the usual amount of Penfund investment?

Penfund usually invests $100+ m on average.

What is the amount of assets of under management (AUM) for Penfund?

Penfund has around $3 500m assets under management.

When was Penfund last fund created?

Penfund last fund was created/launched in 2019-01-09

What are the contacts of Penfund?

Penfund can be reached through its website penfund.com and its LinkedIn page. Its general enquiries address is [email protected]. Cold-mailing a general inbox rarely reaches a partner, so Private Equity List also lists the investment-team contacts for Penfund — names, roles, verified work emails and LinkedIn profiles — available on a Pro plan from $129/month (see pricing). Contacts are sourced from the firm's website and LinkedIn and re-verified on a rolling cycle. Spot a stale contact, or none at all? Report it — we re-run that firm within 48h and get back to you.

Can I access Penfund data via API or MCP?

Yes. Every field on this page — profile, funds, investment criteria, portfolio and investment-team contacts — is available programmatically through the Private Equity List REST API and MCP server, so AI assistants such as Claude and ChatGPT can query Penfund directly instead of scraping this page. One subscription covers both the web app and machine access — see API & MCP.

When was the Penfund profile last updated?

Private Equity List re-verifies investor profiles on a rolling cycle, pulling from the firm's own website and LinkedIn rather than a one-off import. This profile was last updated on 16 August, 2026. Something out of date here? Report it — we re-run that firm within 48h and get back to you.