trending Market Intelligence /marketintelligence/en/news-insights/trending/cxbksxckoqgg6s9m78_bww2 content esgSubNav
In This List

Pennybacker's latest real estate fund closes at $510M

Blog

Using ESG Analysis to Support a Sustainable Future

Podcast

Street Talk Episode 87

Blog

A New Dawn for European Bank M&A Top 5 Trends

Blog

Insight Weekly: US banks' loan growth; record share buybacks; utility M&A outlook


Pennybacker's latest real estate fund closes at $510M

Private equity firm Pennybacker Capital raised $510 million in the final close of its latest real estate fund, surpassing its $400 million target, PERE News reported.

Similar to the predecessor funds, Pennybacker IV will target middle-market real estate assets in the U.S. Sunbelt. Employees Retirement System of Texas and Texas Permanent School Fund were among the value-added fund's limited partners.

Park Madison Partners was the sole placement agent for the fund.