/Investor DB

Pennybacker

Private equity

Austin · 20 people tracked

Also known as Pennybacker Capital Management, Llc

Find your way into Pennybacker

Sign up to see every warm intro you have to Pennybacker

  • Paths you didn't know you had: your email and LinkedIn already hold routes to the Pennybacker team. We find them for you
  • 2nd- and 3rd-degree connections: the friend-of-a-friend routes that take hours to manually find through your inbox or LinkedIn
  • Answers now, not in days: momentum is everything in a raise. Skip asking around whether someone knows someone

Days of research, done the moment you sign in, with every route ranked by how warm it is.

✨ Fox Verdict
Sign up to see your fit

Investment thesis

Pennybacker Capital is a real assets investment management firm founded in 2006, investing across real estate, real estate credit, and critical infrastructure. It targets opportunities across major property asset classes—multifamily, industrial, office, retail, senior housing, and affordable housing—as well as power and energy infrastructure, focused on growth markets throughout the United States. The firm applies a proprietary data platform, Pennybacker Alpha, alongside deep industry expertise to source, underwrite, and manage value-add and evergreen strategies. It operates dedicated value, evergreen, credit, and infrastructure fund platforms and emphasizes a collaborative, innovation-driven culture.

Source: firm website, verified Sep 29, 2026.

HQ
Austin, TX, US
Instruments
Equity · Debt
Founded
2006
AUM
$4.9B
Tracked investments
1

Team · 20 people

from the firm's website

What they invest in

from 1 of 1 portfolio companies

Cleantech ×1

HQs:United States×1

Investments · 1 tracked

founders shown can be your intro path

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

Cambrian Innovation

Fund performance · per public LP disclosures · 3

as of Dec 2025
FundVintageCommittedNet IRRTVPIDPI
PENNYBACKER EIVLPs: Texas Municipal Retirement System, University of Texas Investment Management Company——-0.7%0.98x—
PENNYBACKER V LPLPs: Texas Municipal Retirement System, University of Texas Investment Management Company——1.9%1.07x0.16x
PENNYBACKER VI LPLPs: Texas Municipal Retirement System, Kern Family Foundation, University of Texas Investment Management Company——5.5%1.07x0.00x

Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).

Frequently asked questions

What sectors does Pennybacker focus on?
Pennybacker focuses on Construction Tech, Energy, PropTech.
Where is Pennybacker located?
Pennybacker is headquartered in Austin, US.

Images

Pennybacker photo

Similar investors

Featured in lists