Penfund Invests in Mariner

INVESTMENT MANAGEMENT DEALS BLOG

January 24, 2022

On January 6, 2022, Penfund Management Ltd. announced an investment in Mariner Wealth Advisors, L.L.C.

Under the terms of the transaction, Penfund Management Ltd. (“Penfund”) made a $75 million strategic debt investment in Mariner Wealth Advisors (“Mariner”). The investment is a second lien and delayed-draw loan and will be used to fund Mariner’s general corporate purposes.

Penfund, based in Toronto, is a private equity firm focusing on investments in middle market companies. Penfund has approximately $2.2 billion in assets under management.

Mariner, based in Overland Park, Kansas, is a registered investment adviser providing a wide array of services to clients, including tax advice, trust services, estate planning, investment management, risk management, and retirement plans.

To read the press release: please click here.