PENNYBACKER CAPITAL MANAGEMENT, LLC
PENNYBACKER CAPITAL MANAGEMENT, LLC is a Series C+, debt and other fund in the US investing in Developer Tools, real-estate, debt and private-equity.
- Stages
- Series C+, debt, other
- Sectors
- Developer Tools, real-estate, debt, private-equity
- Invests in
- US-wide
- Actively investing
- Yes
- Founded
- 2006
- Assets under management
- $4.86B
- Website
- pennybackercap.com
Check size not disclosed
Thesis
Pennybacker Capital Management, LLC is a real assets investment firm founded in 2006 and headquartered in Austin, Texas. Specializing in private equity and venture capital, the firm focuses on real estate and critical infrastructure across the United States. They employ a data-driven approach using advanced analytics, machine learning, and AI through their proprietary ecosystem, Pennybacker αlpha™, to guide investment decisions and manage risk. Their strategy involves acquiring, managing, and disposing of middle-market residential, commercial, and specialty real estate assets, as well as investing in high-yield debt and preferred equity backed by commercial real estate and infrastructure. Pennybacker targets value-add strategies in lower-to-middle market segments within "Dynamic Growth Markets" (DGMs) in the U.S. As of December 31, 2025, they managed approximately $4.86 billion in total regulatory AUM. Their sixth fund, Pennybacker VI, LP, closed in May 2024 with $1.6 billion in committed capital for U.S. real estate equity and debt. Additionally, their infrastructure platform, PCIP I, raised over $700 million. The firm emphasizes a "partner-first" philosophy for mutually beneficial outcomes.
Common questions
Does PENNYBACKER CAPITAL MANAGEMENT, LLC invest at the Series C+ stage?
Yes. PENNYBACKER CAPITAL MANAGEMENT, LLC lists Series C+, debt and other among the stages it invests in.
Where does PENNYBACKER CAPITAL MANAGEMENT, LLC invest?
PENNYBACKER CAPITAL MANAGEMENT, LLC invests in the US.