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Pennington Alternative Income Management (PAI) is an alternative investment firm focused on delivering attractive risk-adjusted returns through differentiated, yield-oriented strategies. The firm specializes in structuring bespoke debt and credit opportunities, providing sophisticated income-generating solutions. PAI's core capability involves creating secured, yield-focused financial products within alternative assets.
Pennington Partners & Co., PAI's parent, was co-founded in 2016 by Brian Gaister, CEO, and Rodd Macklin, Senior Managing Director. They established the firm recognizing a market need for robust alternative income strategies. Edward Goldstein leads the PAI division, leveraging his significant experience in managing diverse alternative investment portfolios.
PAI primarily serves investors seeking specialized, income-generating options. The firm's vision centers on offering refined access to debt and credit markets, enabling clients to enhance portfolio diversification and achieve income objectives. Pennington Alternative Income Management is committed to continuous innovation, adapting offerings to evolving client demands in the alternative investment sector.
Pennington Alternative Income Management has 2 tracked investments across 2 companies. The latest tracked deal is $110.0M Series B in ConcertoCare in February 2022.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Feb 1, 2022 | ConcertoCare | $110.0M Series B | Rodney Altman | AirAngels, Arkitekt Ventures, Benchmark, Climate Capital, Deerfield Management, Earthshot Ventures, Endeavor8, Ensemble VC, Foresite Capital, Friedom Partners, Harrison Metal, Index Ventures, Kapor Capital, Ligature, LombardStreet Ventures, Obvious Ventures, S2G Ventures, Sequoia Capital, Torch Capital, Vast Ventures, MAX Ventilla, Schusterman, SteelSky Ventures |
| Jul 19, 2021 | MPOWER Financing | $100.0M Other Equity | — | Drakes Landing Associates, ETS Strategic Capital, King Street Capital Management, Chris Gamaitoni |