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.
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