Penfund
Penfund is a direct lender on Termgrid. It is active in United States, Canada.
Lender profiles are only available to Sponsors on Termgrid.
About Penfund
Penfund is a direct lender, active across United States and Canada. The firm deploys co-invest, high yield and preferred equity with sector activity in Business Services, Chemicals and Consumer Goods.
Penfund finances 13 sectors, indicating broad sector coverage.
Compared to other direct lenders active in United States profiled on Termgrid, Penfund is one of 213 firms in this segment, with a published ticket band of $20M – $200M.
Investment Criteria
Sector Focus
Products
Currency Capability
Relationship Management
Termgrid's platform allows sponsors to track activity across their deals and portfolio with Penfund automatically. Subscribers can see their live relationship trackers.
Deal Execution
Termgrid subscribers execute and manage their transactions with Penfund end to end, from NDA through negotiation to signing.
Precedents
Termgrid automatically builds a precedent database across your transactions with Penfund, so your team gets to insights faster.
Why Termgrid
Termgrid is the end-to-end platform for private capital markets. It is used to run deals, manage portfolios and track relationships across the capital markets ecosystem.
In the News
- DOCS Dermatology Group Secures Refinancing and Upsizing from Penfund, Antares and New Mountain; Appoints President and CFO to Support Growth Expansion - Yahoo Finance
- Business News: Penfund Makes $205 Million Investment in DOCS Dermatology - The Dermatology Digest
External Coverage
Frequently Asked Questions
What strategy does Penfund run?
Penfund runs a single direct lending strategy on Termgrid. Its criteria, ticket sizes and sector preferences are documented in the Investment Criteria section above. Single-strategy firms typically concentrate deployment within a defined mandate rather than spreading capital across multiple fund vehicles.
Which debt instruments does Penfund provide?
Penfund deploys Co-invest, High Yield, Preferred Equity, Subordinated / Junior Debt / Mezzanine, Unitranche / Senior Debt Direct Lending, Liquid Loans, Special Situations, and Direct Lending Fund across its strategy. These instruments are used in sponsor-backed transactions and direct corporate financings where Penfund participates as a lender, with the breadth (8 distinct products) suggesting flexibility on capital structure. Specific tranching, pricing and structuring are negotiated per transaction; the standard band sits in the Investment Criteria section.
Where does Penfund lend?
Penfund is active in United States and Canada. Sponsors running cross-border processes can include Penfund where any of these geographies match the borrower or transaction. Regional focus reflects current deployment patterns recorded by Termgrid; firms periodically extend their mandate, so check the platform for the most current view.
Which sectors does Penfund finance?
Penfund has shown lending activity in Business Services, Chemicals, Consumer Goods, Education, Financial Services, Healthcare, Industrials, Infrastructure, Media & Communication, Retail, Software, Telecom, Utilities, indicating broad sector coverage rather than a vertical-specialist mandate. Sector appetite can shift fund to fund and from year to year, so it is worth confirming current appetite with the deal team before running a process. Penfund's recent deal activity is referenced in the news section above.
How do I connect with Penfund?
Termgrid subscribers can route opportunities to Penfund directly via the platform's deal execution workflow. The platform manages introductions, NDA exchange, materials sharing and term-sheet collaboration end-to-end. If you are not a Termgrid subscriber, request a demo to see the routing options and what the workflow looks like for Penfund specifically.
How current is this profile?
This profile was last updated on 2025-09-16. Profile data is refreshed on a rolling basis from verified sources: firm-published materials, regulatory filings, and direct submissions from the lender. Press coverage from tracked finance publishers is aggregated nightly and shown in the news section above.
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