Canadian junior capital provider Penfund has hired Tony Howard as a chief operating officer. Howard joins from DRI Capital, a Canadian healthcare royalty private equity firm, where he most recently worked as vice president, fund operations. Before DRI, he was a controller with OMERS Private Equity.
TORONTO, Ontario (July 9, 2020) – Penfund, an independent provider of junior capital to middle market companies in the United States and Canada, announced today that Tony Howard has joined the firm as its Chief Operating Officer.
Tony joins Penfund after seven years with DRI Capital Inc., most recently as Vice President Fund Operations with responsibilities related to accounting and tax, treasury management, compliance and operations. Prior to DRI, Tony worked for OMERS Private Equity for five years, most recently as Controller. Prior to these roles, Tony held progressively senior operational management roles in the venture capital, mutual fund, financial custody and retail banking sectors.
Tony is a Chartered Professional Accountant (CPA, CMA) with an accounting diploma from Wilfred Laurier University and holds a Bachelor of Arts in Financial and Economic Studies from the University of Western Ontario.
The Penfund team is delighted to welcome Tony to the firm and looks forward to working with him.
Penfund is a leading provider of junior capital to middle market companies throughout North America. The firm is owned by its management team and is currently investing its most recently established fund, Penfund Capital Fund VI. Penfund manages funds sourced from pension funds, insurance companies, banks, family offices and high net worth individuals and has invested more than $3 billion in over 225 companies since its establishment in 1979. Assets and capital under management currently exceed $1.5 billion.