Pennybacker
Private equityAustin · 20 people tracked
Also known as Pennybacker Capital Management, Llc
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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.
Team · 20 people
from the firm's websiteWhat they invest in
from 1 of 1 portfolio companiesCleantech ×1
HQs:United States×1
Investments · 1 tracked
founders shown can be your intro pathOther
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
Fund performance · per public LP disclosures · 3
as of Dec 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| 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% | 1.07x | 0.16x |
| PENNYBACKER VI LPLPs: Texas Municipal Retirement System, Kern Family Foundation, University of Texas Investment Management Company | — | — | 5.5% | 1.07x | 0.00x |
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.
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