PENNYBACKER CAPITAL MANAGEMENT, LLC other names

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Adviser Profile

As of Date:

07/12/2024

Adviser Type:

- Large advisory firm


Number of Employees:

54 1.89%

of those in investment advisory functions:

39


Registration:

SEC, Approved, 3/30/2012

AUM:

3,672,917,316 21.39%

of that, discretionary:

3,672,917,316 21.39%

Private Fund GAV:

3,672,917,316 21.39%

Avg Account Size:

159,692,057 31.95%


SMA’s:

NO

Private Funds:

23 2

Contact Info

512 xxxxxxx

Websites :
Client Types:

+

Advisory Activities:

+

Compensation Arrangments:

+

Reported AUM

Discretionary
Non-discretionary
3B 3B 2B 2B 1B 864M 432M
2015 2016 2017 2018 2019 2020 2021 2022 2023

Recent News

Affordable Dallas-Area Portfolio Changes Hands
02/25/2021

According to Yardi Matrix data, buyer Pennybacker Capital used loans totaling $37 million for the purchase, with Prudential Financial originating the financing. Located at 2600 Western Center Blvd.

multihousingnews.com

AZ, NC Senior Housing Lands $50M
02/17/2021

The 204-unit, 55+ community is a joint partnership between Aspens Senior Living, McFarlin Group and Pennybacker Capital. A separate $24.2 million loan was provided by a regional bank for the ...

multihousingnews.com


Private Funds Structure

Fund Type Count GAV
Private Equity Fund 2 $214,875,958
Real Estate Fund 21 $3,458,041,358

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Private Funds



Employees




Brochure Summary

Overview

A. Pennybacker Capital Management, LLC (the “Adviser”) is a real asset private equity firm headquartered in Austin, Texas. The Adviser provides investment advisory services on a discretionary basis to private investment limited partnerships that focus on generating favorable risk-adjusted returns primarily by acquiring and managing middle-market multifamily, industrial, retail and office, properties across the United States, private investment limited partnerships that invest in high-yield debt and preferred equity interests backed by commercial real estate-related assets, and critical infrastructure investments in operating platforms (each, a “Fund,” or “Client” and together, the “Funds” or “Clients”). The Adviser was formed in 2006 by Mr. Timothy P. Berry. The Adviser’s principal owners (each having a greater than 25% ownership interest) are CAVU Holdings, Ltd. and Copper Funding, LLC. Mr. Berry, Mr. Vince P. Reyna, and Mr. Thomas Beier are the Principals of the Adviser (the “Principals”). The Principals have more than 59 years of combined real estate private equity investing and operating experience and have developed and/or repositioned more than 80 projects as principals as well as more than 250 real estate investment transactions on behalf of high net worth individuals and institutional investors throughout the U.S. B. Investment advisory services include establishing each Fund’s investment objective and selecting portfolio investments according to each Fund’s specific investment
strategy, as described in the applicable Fund’s confidential offering memorandum (if any) and governing documents (collectively, the “Offering Documents”). The investment activity of the Adviser generally focuses on fee simple acquisition, acquisition of debt, providing mezzanine debt and preferred equity middle-market real estate financing and operating platform investments within critical infrastructure in markets throughout the U.S. The Adviser seeks investment opportunities in which the Adviser can capitalize on its industry relationships, acquisition and portfolio optimization platform, direct lending and real asset operating experience; and will also seek opportunities in which it can capitalize on market inefficiencies in the middle market, and the ongoing dislocation in the segments of U.S. infrastructure, real assets and capital markets. C. While each of its Funds will follow the general strategy stated above, the Adviser tailors the specific advisory services with respect to each Fund based on the investment guidelines and restrictions stated in each Fund’s respective Offering Documents and/or investment management agreements. The Adviser does not tailor its investment advisory services to individual limited partners in any of the Funds. D. The Adviser does not participate in wrap fee programs. E. As of December 31, 2023, the Adviser managed $3,672,917,316 in discretionary portfolios. The Adviser does not currently manage assets on a non-discretionary basis.