Penfund recruits Apollo’s Joe Mattina as partner, origination head

Canadian private equity firm Penfund has hired Joe Mattina as a partner and head of origination, according to a news release.

Mattina joins Penfund from New York alternative-asset manager Apollo Global Management.

He was recruited by Apollo in 2013 to establish its Canadian office in Toronto. Mattina has since been responsible for the firm’s credit origination locally along with certain coverage roles in the United States.

Previously, Mattina was head of leveraged finance and sponsor coverage at Macquarie Canada, a managing director at Fortress Investment Group and a vice president at GE Capital.

Toronto-based Penfund, one of Canada’s oldest PE firms, provides junior capital to mid-market companies across North America.

The firm is currently investing from Penfund Capital Fund V, which raised $724 million in 2016.

Earlier this year, Penfund led a $70 million subordinated credit facility backing the dividend recapitalization of CBI Health Group, a provider of outpatient rehabilitation and home health services. Penfund invested $55 million.

CBI was acquired in 2011 by OMERS Private Equity.

Penfund has invested more than $3 billion in over 225 companies since it was established in 1979.