Pennybacker Capital Management has held a final close for its sixth value opportunity series fund, Pennybacker VI, LP (Fund VI), which exceeded its target with $1.6 billion in capital commitments.
Fund VI received strong support from its existing investor base and has attracted numerous first-time commitments from leading institutional investors. Fund VI seeks to invest in U.S. real estate assets across equity and debt opportunities.
“The continued growth of our value opportunity fund series is a testament to the partnerships we have forged and our track record as a real estate investor,” said Tim Berry, Founder, CEO, and co-CIO of Pennybacker. “We are excited to put Fund VI commitments to work given the backdrop of dislocation across real estate capital markets and our deep experience finding and creating value during turbulent times. Our ability to execute across the capital spectrum, property sectors and U.S. regions presents what we believe to be a compelling
