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Real Estate Investment Firms / PENNYBACKER CAPITAL MANAGEMENT, LLC
SEC Form ADV profile

PENNYBACKER CAPITAL MANAGEMENT, LLC

Real estate private fund disclosures for an investment manager based in AUSTIN, TX. Latest included filing submitted 2026-03-30.

$3.7 billionreported non-feeder gross assets
22reported real estate funds
22funds not marked fund-of-funds
77%report an annual audit

What the filing shows

PENNYBACKER CAPITAL MANAGEMENT, LLC reports 22 U.S.-organized real estate funds and 22 real estate funds across all reported jurisdictions. None are marked as fund-of-funds.

Positive minimum commitments reported across these funds range from $10 thousand to $224 million. That figure is what a fund reports routinely requiring from outside fund investors. It is not the manager's property investment check size.

Reported real estate funds

Sorted by gross asset value. Gross assets are reported by the manager and can overlap across master, feeder, parallel, and related fund structures.

FundOrganizedGross assetsInvestor minimumOwnersAnnual audit
PENNYBACKER VI, LP805-5170508486 · MasterDelaware$1.6 billion$25 thousand254Yes
PENNYBACKER V, LP805-2270074965Delaware$813 million$250 thousand65Yes
PENNYBACKER EIV, LP805-5295365585Delaware$288 million$100 thousand38Yes
PENNYBACKER EVERGREEN PARTNERS, LP805-3767293573Delaware$257 million$75 thousand18Yes
HOUSTON BBP, LP805-4623381927Delaware$237 million$224 million3Yes
PENNYBACKER IV, LP805-5533692600 · MasterDelaware$145 million$100 thousand98Yes
PENNYBACKER REAL ESTATE CREDIT II, LP805-7662883171Delaware$138 million$50 thousand31Yes
PENNYBACKER CREDIT I, LP805-9695101330Delaware$69.5 million$500 thousand5Yes
979 SPRINGDALE ROAD HOLDINGS, LP805-1851863711Texas$33.1 million$26.3 million3No
PBC ALLANDALE, LP805-1399831158Delaware$26.3 million$25.4 million2Yes
PBC DENVER 2021 EQUITY I, LP805-2823044392Delaware$22.4 million$20.0 million2Yes
PBC AUSTIN 2021 EQUITY I, LP805-4226227167Delaware$18.7 million$20.0 million2Yes
PBC 1111 W 6TH, LP805-9174690402Delaware$17.3 million$25 thousand31Yes
PBC 3801 SYCAMORE SCHOOL ROAD, LP805-8735762100Delaware$10.1 million$15 thousand39Yes
N3 OPPORTUNITY FUND I, LP805-1997955915Delaware$9.8 million$25 thousand38Yes
PENNYBACKER REAL ESTATE CREDIT II PACIFIC, LLC805-5182382699Delaware$5.4 million$8.2 million1Yes
1515 CESAR CHAVEZ HOLDINGS, LP805-3818851033Texas$4.4 million$2.8 million4No
DFW AFFORDABLE MULTIFAMILY HOLDINGS, LP805-7415143808Delaware$2.3 million$10 thousand47Yes
MCKALLA STATION HOLDINGS, LP805-2479487600Texas$1.3 million$1.0 million4No
5209 BURNET ROAD HOLDINGS, LP805-8536033215Texas$975 thousand$1.8 million4No
7938 GREAT NORTHERN, LP805-9361111337Delaware$704 thousand$15 thousand26Yes
NORTH DALLAS COMMERCIAL PORTFOLIO, LP805-7081082138Texas$701 thousandNot reported3No

Source and limits

Source: SEC Investment Adviser Public Disclosure, Form ADV. Firm status checked 2026-08-20. Fund detail through 2026-07-31. CRD 160056, SEC 801-73385.

Form ADV is a regulatory disclosure, not a live deal mandate. It does not report property type, target geography, current fundraising status, available capital, or whether a manager accepts unsolicited proposals. Contact the firm and review current offering documents before relying on any figure.

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Educational only. Not financial, legal, investment, or tax advice. Big Brain Funding is not an investment adviser, broker-dealer, placement agent, lender, or broker of record. This profile is not an endorsement, recommendation, securities offering, or statement that the firm is available for a transaction.