11 January 2019
Penfund has announced that it has recently completed the final close of its sixth fund, Penfund Capital Fund VI, with committed capital of US$1.15 billion (CDN). This amount materially exceeds the US$724 million committed to Penfund Capital Fund V in 2016 and Fund VI’s original fundraising target of US$900 million.
Latham & Watkins LLP acted as US counsel to Penfund in the transaction with an investment funds team led by New York partner Andrea Schwartzman, with associate Krysta Copeland. Washington, D.C. partner Cheryl Coe, with associates Valentin Riazanov and Gaston Soler, advised on tax matters.