Penfund completed a $100m investment in OTPP-backed BroadStreet Partners.

Penfund, a fund management company in Toronto, completed a $100m investment in OTPP-backed BroadStreet Partners, an insurance brokerage holding company headquartered in Columbus, Ohio. "We are delighted to partner with Ontario Teachers’ and support the continued growth of BroadStreet. We believe there is considerable white space remaining for the company to keep executing on its differentiated consolidation strategy while delivering value to insurance carriers and clients," Joe Mattina, Penfund Partner.