News & AnalysisAmid tariffs, Penfund closes on $1.8bnThe fund is the Canadian firm’s first senior debt strategy in 25 years.BySergio Padilla29 April 2025•3 mins readJavaScript is required to read this article. Please enable it in your browser and reload the page.Fund ManagersNorth AmericaDirect LendingFund ManagersFundraising