Publications

Pennybacker closes Fund VI with $1.6b of committed capital, exceeding target
Fundraising - MAY 29, 2024

To read this full article you need to be subscribed to Newsline.

Sign in Sign up for a FREE subscription

Pennybacker closes Fund VI with $1.6b of committed capital, exceeding target

by Andrea Zander

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

Forgot your username or password?