Pennybacker Capital

The Teachers Retirement System of Texas continued to build up its real estate, private equity and infrastructure investment exposure across six funds.

During the period July to early November 2022, the board of the $40 billion Texas County & District Retirement System (TCDRS) committed an additional $659.8 million to private equity and private real estate investments, according to a report from the ...

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 — ...

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 ...

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, ...

The New York State Common Retirement Fund has announced $800 million in recent investments through its Sustainable Investments and Climate Solutions program that includes a $300 million mandate to Avenue Capital. At the end of January, the $211 billion pension ...

The Texas County & District Retirement System in Austin has added $471 million to a wide swath of alternative investment funds since mid-October, public records show. The $30 billion pension fund uses Cliffwater as a consultant and has been active ...