# Penfund Prime Management

Penfund Prime Management is an Asset Manager based in Toronto, Ontario, Canada.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Toronto, Ontario, Canada
- **Region:** North America
- **Address:** Toronto, Ontario, Canada
- **Founded:** 1979
- **Assets under management:** $2B - $4B (Altss estimate)
- **Website:** penfund.com

## Regulatory record

- **CRD number:** 333096
- **SEC file number:** 802-131259
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/333096

## About

PENFUND PRIME MANAGEMENT LTD is an exempt reporting adviser in TORONTO, ONTARIO.

## Sectors

- Private Credit

## People

- John Bradlow — Co-Managing Partner
- Jeremy Thompson — Co-Managing Partner

## Questions

### Who runs investment decisions at Penfund?

John Bradlow and Jeremy Thompson serve as Co-Managing Partners and lead the investment function. Both have been with the firm since the early 1990s, when Penfund shifted its strategy to private credit. Their partnership structure means all material credit approvals rest with a small, stable senior team.

### How does Penfund source its deal flow?

Penfund sources primarily through its network of private equity sponsors across North America. The firm's multi-decade presence in the Canadian and US middle market gives it access to repeat-sponsor transactions, particularly in the C$20 million to C$200 million deal-size range.

### Does Penfund manage a single pool of capital or multiple funds?

Penfund manages a series of closed-end private credit funds raised from Canadian institutional investors, including pension plans and insurance companies. The firm does not publicly disclose specific fund sizes or vintages, but successive funds have allowed steady deployment across credit cycles.

### Is Penfund owned by a bank or larger institution?

No. Penfund is independently owned by its partners, making it one of the few remaining unaffiliated private credit managers in Canada. It does not share a balance sheet or investment committee with any bank, insurer, or global asset manager.

### Does Penfund invest outside North America?

Penfund focuses exclusively on Canada and the United States. The firm has not disclosed any investments outside North America, and its sponsor network and deal-sourcing infrastructure are concentrated in those two markets.

## Related profiles

- [WEALTH BEING ADVISORS LLC](https://altss.com/profile/wealth-being-advisors-llc)
- [V64 Capital Management](https://altss.com/profile/v64-capital-management-llc)

---

Last updated: 2026-08-14T12:30:00.000Z

Canonical page: https://altss.com/profile/penfund-prime-management-ltd

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology