Everything to prepare for a Penfund interview: why the firm, and the questions candidates there reported being asked.
From the inside
Reasons that work in interviews
3 reasons for Penfund
Credit interviews test whether you think about downside first. The strongest framing is that you want to learn to underwrite what happens when a business underperforms, which equity investing never forces you to do properly. Then make it specific to their position in the capital structure.
One of the longest-running private credit firms in Canada, so the track record covers several credit cycles rather than the post-2010 expansion.
Junior and subordinated capital to mid-market companies, which sits in the most interesting part of the capital structure: senior enough to be protected, junior enough that the analysis matters.
Small team on North American transactions.
Firm-specific questions
Why Penfund over Fiera Capital or Crown Capital Partners?
Anchor your answer in what sets it apart: independent toronto lender with both junior and senior capital; can hold up to c$300m per deal; over 45 years in canadian mid-market lending; sector depth in consumer, business services, healthcare and financial services.
Walk me through a recent deal Penfund worked on.
For example DOCS Dermatology Group (lender (unitranche), Mar 1, 2026). Cover the rationale, valuation and what the firm did.
6 more Penfund-specific questions, each with what to cover and the sources behind it.
Coming soon
We’re collecting the real technical and behavioural questions candidates were asked at Penfund, by role and office, and how each round runs.
When they’re in, they’ll be part of BSO Pro, which already has candidate reports for dozens of firms.
Interviewing there sooner than that? Get in touch and we’ll help you prepare.
