Pennybacker Capital

Texas Muni pension furthers alts exposure

The $35 billion Texas Municipal Retirement System (TMRS) will commit up to $900 million of new capital to private equity investments over its fiscal 2023 year -- about the same commitment goal it targeted in its fiscal year 2022 — ...

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Texas pension taps nine alts funds

The $202 billion Teachers’ Retirement System of Texas in Austin committed to a total of nine funds in December with allocations to real estate, private equity and energy/natural resources/infrastructure investments, officials announced. Within the systems’ $9.8 billion energy, natural resources ...

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Pennybacker expands credit origination expertise

Steven Parrinello and Sydney Mas have joined Austin-based Pennybacker Capital Management, a $3.2 billion real estate-focused private equity firm. Both executives previously worked together at Guggenheim Commercial Real Estate Finance. Parrinello originated and closed more than $1.8 billion of senior, ...

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