Penfund, a leading provider of junior capital to middle market companies, has deployed DealCloud. Penfund invests debt and equity in mid-market companies throughout North America. Investments are made in amounts up to $230 million per transaction to finance buyouts, acquisitions, recapitalizations, ownership reorganizations and organic growth.
“DealCloud is a best-in-class CRM tool that allows us to effectively track our contacts, deal origination, and internal work-flow. We are delighted to partner with the market leading CRM company in our sector,” says Richard Bradlow, Partner, at Penfund.
Since Penfund’s founding in 1979, it has invested more than $3.0 billion in over 225 mid-market companies across North America. The firm’s current focus is investing the $1.15 billion committed by its institutional partners to Penfund Capital Fund VI.
“Over the last three years, DealCloud has drastically grown its client base in Canada and now supports dozens of firms in their deal, relationship, and firm management efforts,” says Ben Harrison, Chief Revenue Officer at DealCloud. “We are very proud to partner with Penfund, and look forward to helping their team continue its 30+ year track record of success.”
DealCloud, an Intapp company, provides a single-source deal, relationship, and firm management platform to enable over 700 clients to power their deal-making process from strategy to origination to execution. We offer fully configurable solutions purpose-built for the complex relationships and structures of private equity and growth capital firms, investment banks, private and publicly traded companies, debt capital providers, and other investors. For more information, visit www.dealcloud.com.
Penfund is a leading provider of junior capital to middle market companies throughout North America. The firm is owned by its management team and is currently investing its most recently established fund, Penfund Capital Fund VI. Penfund manages funds sourced from pension funds, insurance companies, banks, family offices and high net worth individuals and has invested more than $3 billion in over 225 companies since its establishment in 1979. Assets and capital under management currently total $1.8 billion.