TORONTO, ONTARIO--(Marketwired - Oct. 3, 2016) -Penfund announced today that it has recently completed the final close of its fifth fund, Penfund Capital Fund V, with committed capital of $724 million (CDN). This amount materially exceeds the $460 million committed to Penfund Capital Fund IV in 2012 and Fund V's original fundraising target of $525 million. Penfund is grateful for the consistent support of its long standing Canadian investors and is delighted to have established new relationships with a number of leading American, European and Middle Eastern investors.