Penfund

Overview of the Penfund program:

We are a relationship-oriented, hold-to-maturity lender capable of holding up to C$300 million per transaction (or USD equivalent). We can also provide larger facilities through co-investments from our institutional limited partners. We offer flexibility, dependability, confidentiality, closing speed, and certainty and our broad product range gives us the ability to offer highly customized, flexible financing alternatives. Second lien debt Private high-yield debt Secured and unsecured mezzanine debt Delayed draw facilities Equity co-investments

Benefits of the Penfund program:

• We invest in a wide range of industries, but have particular expertise and experience in the following sectors:
• Consumer
• Pet products and services
• Auto aftermarket
• Food processing
• Business Services
• Industrial distribution
• Environmental services
• Healthcare
• Outpatient providers
• Distributors
• Financial Services
• Insurance Distribution
• Insurance Services
• Wealth Management

Eligibility criteria of the Penfund program:

• Investee companies will typically generate annual EBITDA of at least $20 million. We invest in companies that meet the following criteria:
• Clearly defined, focused business strategies
• Below average cyclicality
• Entrenched market positions
• Operating in stable markets
• Generating superior returns on capital
• Producing high and stable free cash flow
• Capable management teams in-place